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Savings & Deposits Account
Savings & Deposits
Build Your Savings with Flexible Options.
At Vaughan Credit Union, our savings and deposit accounts are designed to help you grow your money with confidence. From everyday savings to term deposits, TFSAs, and registered plans, you can choose the options that match your goals and time horizon.
Whether you’re building an emergency fund, saving for a home, planning for education, or growing retirement savings, we offer flexible accounts with competitive rates and easy access through online and mobile banking.
- High-interest savings options for short- and long-term goals
- Flexible access to your funds through online & mobile banking
- Registered and non-registered savings, including TFSA & RRSP savings
Why Vaughan CU
Savings & Deposits That Work for You
Competitive Interest
Earn competitive rates on savings and term deposits to help your money grow over time.
Flexible Access
Move money between chequing, savings, and deposits easily with online and mobile banking.
Goal-Based Saving
Use savings goals, automatic transfers, and registered plans to stay on track for your short- and long-term objectives.
Member-Focused Advice
Get guidance from local Vaughan CU advisors who put your financial well-being first.
Our Process
How to Open Your Savings or Deposit Account
Step
Choose Your
Savings Option
Explore Vaughan CU savings and deposit options and select the account that fits your goals, timeline, and access needs.
Step
Apply &
Verify Your Details
Apply online or in-branch, provide your identification, and confirm how you’d like to fund your new savings or deposit account.
Step
Fund &
Start Earning
Transfer funds into your new account and start earning interest, with full visibility through online and mobile banking.
Savings & Deposits Details
Requirements, Features & Eligibility
Required Documents
- Valid government-issued photo ID (e.g., driver’s licence, passport)
- Second piece of ID (e.g., health card, permanent resident card, etc.)
- Proof of Canadian address (utility bill, lease, or bank statement)
- Social Insurance Number (SIN) for tax reporting on registered plans
- For joint accounts: ID for each account holder
Key Features
- Competitive interest on eligible savings and deposit balances
- Options for both short-term savings and longer-term deposits
- Automatic transfers from chequing to build savings effortlessly
- Online & mobile access to balances, history, and savings goals
- Registered savings options including TFSA & RRSP savings accounts
- Flexible terms and options to reinvest at maturity for deposits
Eligibility
- Age: Typically 18+ for standard savings and deposit accounts
- Youth and student savings options available with parent/guardian support
- Resident of Canada with a valid mailing address
- Newcomers may qualify with alternative documentation
- Subject to standard account opening and verification requirements
Enter your email to open this account
Testimonials
What Our Members Say
Real stories from members who’ve trusted Vaughan Credit Union with their everyday banking and long-term goals.
Sarah Thompson
Customer Since 2012“Vaughan Credit Union helped me save for my first home and walked me through every step of the mortgage process. I never feel like just a number here.”
Daniel Rivera
Small Business Owner“The team at Vaughan CU understood my business and approved the financing I needed to grow. It feels like having a financial partner, not just a bank.”