Savings Accounts

Investment Savings Account - 2.50%

For a limited time earn 2.50%** on our Investment Savings Account (ISA)!  With an ISA you earn better interest rate than a standard savings account at 1.75%*, which is one of the best rates in the market.   But for a limited time we're offering a rate of 2.50% until February 28, 2017.   

An ISA is a secure, flexible account to put your funds into while you’re deciding how to invest them. You can earn interest on your money and you have the flexibility to move it whenever you choose. And, best of all, there are no fees on deposits! Your ISA can also hold your investment portfolio, as it’s eligible for RRSP and Tax Free Savings Account contribution limits. 

Some restrictions apply. Speak to our Member Relations Officers today at 1.877.782.7639.  

Deposits at no charge - in branch, by mail, electronic transfer, payroll deduction, or direct deposit. To access your funds simply transfer them to your chequing or savings account online.

Features included

Call us at 416.366.5534 or 1.877.782.7639.

*Available for registered and non-registered products, personal accounts only.


Tax-Free Savings Account

Everyone should have a TFSA, regardless of whatever other accounts you hold. Earn a great variable rate and pay no tax on your earnings!

With a Tax-Free Savings Account you can deposit up to the $5,500 annual limit and access your money at any time without penalty. If you do not contribute the maximum allowable deposit, you can add the shortfall to your contribution limit in the following year(s). You can withdraw the money at any time without penalty.

Click here for specific CRA details on the Tax-Free Savings Account.

There are no service fees on the Tax-Free Savings Account; however, all transfers must be made into another Luminus account where fees may apply.

Call us at 416.366.5534 or 1.877.782.7639.

There are no service fees on the Tax-Free Savings Account, however all transfers must be done into another Luminus Financial Account and regular accounts fees will apply from that account.


Plan 24 Daily Interest Savings Account

A convenient and easy way to start saving. You'll earn interest on your daily closing balance, credited to your account at month-end.

It's easy to make deposits. Just drop into your branch, submit by mail, electronic transfer, payroll deduction, direct deposit, or at various credit union ATMs. Access your funds in person or by using your Luminus MEMBER CARD® debit card.

Features included

Call us at 416.366.5534 or 1.877.782.7639.


All credit union deposits are protected up to $100,000 through the Deposit Insurance Corporation of Ontario (DICO).
**Available on personal accounts.  Rate of 2.50% on new funds from now until February 28, 2018; after that date the rate is 1.75%.  Limited time offer.  May be withdrawn at any time.

 

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