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BUSINESS OPTIMUM SAVINGS ACCOUNT

Access your funds when you need them, while earning interest.

 

Is this savings account right for you?

 Right for you if:

  • You want to earn interest
  • You want a low-risk savings option
  • 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

 

Business Optimum Savings Account Details

$0 monthly fee

Interest rate

$0 - $99,999 balance will earn 1.40%*
$100,000 - $499,999 balance will earn 1.55%*
$500,000 - $999,999 balance will earn 1.65%*
$1,000,000 - $4,999,999 balance will earn 1.75%*
$5,000,000+ balances will earn 2.40%*

2 FREE transactions per month including:

  • in-branch withdrawals
  • in-branch transfers
  • in-branch & electronic bill payments
  • Interac® direct payments
  • pre-authorized payments
  • THE EXCHANGE® & ACCULINK® ATM withdrawals

Deposits to and electronic transfers between your Valley First accounts are free & unlimited. 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 Business Service Fees to see our account & service fees.

View Account Terms and Conditions:

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)


Included with all personal accounts


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Pay your bills, check your balance, transfer money and more—anytime and from anywhere.

circle with the numbers 24/7 in the middle implying un-interrupted online access

Stay informed on account activity with instant account alerts.

 

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.
 

Tiered interest rate based on the portion of the balance within each tier. Interest is expressed as an annual rate and calculated on the applicable portion of the closing daily balance in the account and paid monthly. Refer to valleyfirst.com/tools-calculators/rates for our current rates.

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.

*The interest rate is subject to change without notice at any time.