You are an agricultural producer.
You normally have a low amount of monthly transactions.
You want a high return on your savings.
*The interest rate is subject to change without notice. Interest is expressed as an annual rate and calculated on the applicable portion of the closing daily balance in the account and paid at month end.
†The Credit Union Deposit Insurance Corporation of British Columbia, a statutory corporation, fully guarantees all BC credit union deposits. Credit Union equity shares and investments such as mutual funds or RSP equity plans are not covered by deposit insurance.
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.
As an agricultural producer, you're able to make an annual contribution for up to 100% of your allowable net sales to your AgriInvest account. When you do so, you’ll receive 1% of the deposit amount from the Government of Canada. Then, when you are short on cash, simply withdraw these funds at any time without penalty.
For more information about AgriInvest, visit the program website at agriculture.canada.ca or contact Agriculture & Agri-Food Canada toll free at 1.866.367.8506.
Here is everything you need to know about the term and conditions for this account.
Business Member Application—Unincorporated Association (PDF)
Business Member Application—Sole Ownership, Partnership, Corporation (PDF)
Business Member Application—Joint Venture (PDF)
Business Trust Account Application (PDF)