Net Savings Account Terms & Conditions

1. The promotional interest rate is applicable to all existing Net Savings accounts and all new Net Savings accounts opened during the promotional period.
2. Interest is calculated using the “flat rate” method and is based on the full amount of the daily closing balance and paid monthly.
3. The promotional interest rate of 3.56% (on balances of $5,000 to $24,999) and 3.66% (on balances of $25,000 to $5 million) are effective from June 10, 2008 until July 7, 2008 or until further notice. The promotional interest rates can be revoked at any time.
4. Balances below $5,000 and over $5 million will earn interest at a rate of .20%.
5. The Net Savings account is intended for online transactions only. High service charges apply to most other transactions.
6. Available as business, personal and registered product.
7. Processing transactions to registered products not capable through online banking.
8. All regular terms and conditions related to the Net Savings account will remain in effect on all Net Savings accounts during and after the promotional period.
9. Maximum one Net Savings account per individual or organization.
10. Community Savings reserves the right to refuse or terminate any individual or organizations’ participation in this promotion if Community Savings suspects or discovers that the individual or organization is abusing the proper and intended operation of the promotion.
11. All investments are 100% guaranteed by CUDGC, backed by the Alberta Government.