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.
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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): 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): Rate applies to both registered and non-registered term. 4-month and 6-month GIC not available for FHSA. 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 registered GICs, choice of interest payout annually to the same registered ISA or reinvest interest back in the same account.
¶ 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.