Jumpstart Savings Account
Cashco will pay you to get started. Not only will you start saving, you will start improving your financial health.
Features you won’t get at any other bank:
No monthly fees*
Unlimited deposits a month
1 free withdrawal
$1 interact E-transfer
Cashco’s Jumpstart Savings Account, empowered by ATB Financial, can get you started towards your financial goal. Tell your associate what you’re saving for. What are you willing to pledge? You can even set up a monthly transfer from your Everyday Use Account.
With Cashco’s Jumpstart Savings Account, you can improve your credit score and financial health. It’s easy to open a Cashco Everyday Use Account. There is no application fee or hoops to jump through. Simply sit down with a branch associate and it’s done in minutes. Or if you prefer, an account specialist can help you make the switch.
Less debt or better managed debt can give you extra money to help you start saving. A Flex Loan up to $7000 and 60 months to pay is your opportunity to set new financial goals. As a long-term personal loan, a Flex Loan offers lower interest rates and fees.
THE MORE TRANSACTIONS YOU MAKE, THE MORE YOU SAVE. TAKE THAT, IRONY.
JUST WHAT MOMS NEED:
AN ACCOUNT THAT APPRECIATES.
According to a Globe and Mail survey in 2015, a quarter of the respondents said they have very little set aside and live paycheque to paycheque. For many of us in that situation, the notion of having a savings account is next to meaningless. The common perception is that the interest rates on savings accounts are not significant enough to compel our interest — excuse the pun.
If you lost your job tomorrow, how long would your current savings last? Do you have any savings at all, or did your mind go straight to available credit? Or did you just have a panic attack at the thought of this fictional financial situation? Don’t worry, you’re not alone. Saving money has gone out of style with Canadians who have a habit of relying on credit card and loans to cover day-to-day expenses.
There’s no easy way to say it. Saving money starts with shifts in behavior. I speak from experience. The rewards, however small, help fuel the momentum of that shift. But, you have to start somewhere. CBC News conducted research, which shows that the rate of savings in Canada since 1985 had dropped from almost 13 percent annually to around 4 percent.