Terms and conditions

Every financial product will come with some terms and conditions. We are happy to help answer any questions you have on the below requirements for this offer.

• This offer is intended for union members members and training school participants - proof of union membership is not required.
• Community Savings is providing you with an interest-free line of credit and a premium chequing account with no monthly fee for three years (a period of 36 months from the date of activation). After three years, regular account fees and line of credit interest rates will resume. We will be in touch when the end of your interest-free line of credit and free banking period is approaching to help you plan for next steps, and pick the best account for you, whether it's a no-frills personal chequing account for $2 per month or a premium chequing account for $15 per month.
• In order to qualify for these benefits, your active ongoing banking is required. This means the monthly automatic direct deposit of payroll or EI payments within 90 days of the opening of the account.
• Members are required to operate the account within the terms and conditions of the line of credit agreement.
• If the above conditions are not met, the interest rate will revert to the documented rate in your line of credit loan agreement and regular account fees will resume.