Growing your savings and giving back doesn't have to be two separate things. Here at Saven, they go hand in hand. And, as a Saven member, you always have a say in how we support community programs across Ontario.
Dive into the latest company updates and news with our curated SavenSmarts posts.
The First Home Savings Account (FHSA), a new tax-free registered account designed to help qualifying first-time home buyers purchase a home, is now available.
Saven Financial's TFSA offers market leading rates making it faster for our members to grow their savings.
Investing profits back into the community is a cornerstone of Saven Financial. For 2023, we'lll be distributing $41,800 to Ontario organizations.
Taking the time to really get to know the communities we're a part of is important to us. That's why every year we will review the initiatives we support and the portion of deposits we contribute¶. And, every year members' deposits are with us, we'll donate a portion of those deposits to charitable organizations across all our communities.
We ask our members to tell us which of our three social causes: Youth Health and Wellness, Fighting Hunger, and Housing and Homelessness is the most important to them. Their choices help us ensure we are supporting the community issues that are important to members.
We ask our members to tell us which of our three social causes: Youth Health and Wellness, Fighting Hunger, and Housing and Homelessness is the most important to them. Their choices help us give back to our communities in a meaningful way. Here is what our members are saying.
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† High Interest Savings Account (HISA) and High Interest Tax-Free Savings Account (TFSA): Per annum rate. Rate subject to change at any time. Conditions apply. Interest is calculated daily and paid at the end of each month. No minimum deposit.
†† Guaranteed Investment Certificate (GIC) and Tax-Free Savings Account (TFSA) GIC: Minimum investment is $1,000. Non-redeemable. Per annum rates. Rates subject to change at any time. Conditions apply. For non-registered GIC, choice of interest payout annually to HISA or reinvest interest back in GIC account. For TFSA GIC, choice of interest payout annually to TFSA ISA or reinvest interest back in TFSA GIC account.
§ The Saven Financial First Home Savings Account ("Saven FHSA") Introductory Interest Rate is available between November 26, 2023 and April 1, 2024, exclusively (the "Introductory Period"). You can earn a special annual interest rate of 6.00% calculated daily and paid monthly during the Introductory Period on cash deposits to your first Saven FHSA. To accept this offer, you must open a Saven FHSA during the Introductory Period and make a deposit to your eligible Saven FHSA during the Introductory Period. This offer is available to new and existing members who are eligible for a First Home Savings Account and is subject to change without notice. Consult your tax advisor for eligibility criteria, features and tax implication.
¶ Contribution is pro-rated annually based on the value of deposits and amount of time they are held with Saven, to a maximum of 0.05% of deposits.