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HOME SWEET BONUS®

Let us get you a step closer to owning your dream home.

 

Is this savings account right for you?

 Right for you if:

  • You want to earn interest
  • You want to save for your down payment
  • You make infrequent withdrawals or transactions

 It might not be right for you if:

  • You use this account for day-to-day transactions, bill payments, transfers and withdrawals

How it works

  • You open a Home Sweet Bonus® Account to save for your down payment with an initial $100 deposit. *Terms and conditions apply.
  • You make regular recurring monthly payments (min. $100) to your Home Sweet Bonus® Account until you’re ready to get a mortgage with us.
  • We’ll add up to $1,000* bonus to the savings already in your Home Sweet Bonus® Account. You can use your Home Sweet Bonus® in addition to the government's First Time Homebuyer withdrawal plan, and unlike the First Time Homebuyer's plan, your contributions do not need to be paid back.

 

Home Sweet Bonus® Account Details

$0 monthly fee

Interest rate >

Electronic transfers between your Valley First accounts are free & unlimited. No other transactions are included in the monthly package. Free monthly eStatement available in online banking.

Additional fees

Transactions over what the monthly package allows and any additional banking services you use may incur a fee. View Personal Service Fees to see our account & service fees.

Convenience when you need it

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Pay your bills, check your balance, transfer money and more.

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Pay with your debit or credit card, Apple Pay, Google Pay or Samsung Pay.

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A convenient and reliable way to access your money sooner.​

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Put your savings on auto pilot with BIGChange®, our rounding up tool.

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Deposit a cheque on the go and save valuable time.

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Stay informed on account activity with instant account alerts.

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Automate the switch to Valley First

Transfer all your pre-authorized payments and deposits from other financial institutions to your Valley First account automatically with ClickSWITCH®.

LEARN HOW
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Additional Information

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Interest Rates SchedulePDF icon
Personal Deposit Accounts DisclosuresPDF icon
Personal Deposit Account Terms and ConditionsPDF icon
Home Sweet Bonus® Account Terms and ConditionsPDF icon
 

From November 1, 2021, to November 21, 2021, the members of First West Credit Union voted on special resolutions that, among other things, authorize First West to apply to become a federal credit union under the Bank Act. If First West becomes a federal credit union, it will automatically become a member of the Canada Deposit Insurance Corporation (CDIC) and Credit Union Deposit Insurance Corporation of British Columbia deposit insurance will no longer apply. See attached Notice for further detail on what this change means to your deposits with First West.
 

*This account calculates interest on the entire daily closing balance at the specified interest rate. The interest calculates daily and is paid at month end. Interest rate is subject to change at any time without advance notice. Refer to valleyfirst.com/tools-calculators/rates for our current rates.

For illustrative purposes only:

$0 - $4,999 1.00%


Daily Closing Balance = $100,000
This account will calculate interest based on an interest rate of 1.00% on the entire $100,000 closing balance.

Not sure if this account is right for you?

We can help. Visit a branch or call us at 1-888-597-8083, and let's find the right solution together.

 
 

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Speak to an advisor on the phone or at a branch.

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We acknowledge that we have the privilege of doing business on the traditional and unceded territory of First Nations communities.