You write cheques in US dollars.
You want to earn interest in US dollars.
You have better things to do than worry about the exchange rate.
†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.
|Tiered interest rate based on the portion of the balance within each tier*|
In-branch withdrawal $1.25
Pre-authorized payment $1.25
Cheque clearing $1.25
|View our service fee guide
*The interest rate is subject to change without notice. Interest is expressed as an annual rate and calculated in US dollars on the applicable portion of the closing daily balance in the account and paid at month end. Transaction fees are charged in US dollars.
Bill payments, ATM transactions and Interac® transactions are not available.
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)