The All-In-One Account

The All-In-One Account combines a savings account with a secured Line of Credit. It lets you carry out your everyday banking transactions and manage your savings within a single product. The flexibility simplifies your financing needs, and makes every dollar more efficient.

How does it work?

Deposit your pay directly into your All-In-One Account and withdraw expenses from it. The balance goes towards your mortgage so the more you leave in, the more you are paying off. Put simply, the amount you pay immediately reduces your mortgage balance and therefore the interest you are charged. The All-In-One Account can take thousands of dollars and years off your mortgage.

Simplify Your Banking

Traditional Everyday Banking:

The traditional method to personal banking means that each month your income goes into a chequing account and, from that account you pay bills, cover living expenses and meet any investment obligations. Any money left over you put it into a savings account. That seems fairly simple but then there are your borrowing needs. This can include a mortgage, a line of credit, a car loan, and you probably have at least one credit card, and perhaps a store credit card. Each one needs to be paid, at least in part, each month. You may even have to pull money back out of your savings to cover an unexpected expense or your monthly bills. With this traditional method, money management can be very complicated, expensive, and inefficient.

All-In-One Account:

With an all-in-one account, things are different. Your debt is consolidated into one account at a low interest rate. Your income and savings are also deposited into this all-in-one account which will immediately lower your debt and, therefore, the amount of interest you pay. With the all-in-one account, you have a clear financial picture and that can help you save money. You will also receive a comprehensive statement of your account mailed to you each month. This method is simple, and financially efficient.

Features and Benefits

• No monthly account fees
• Low interest rates with a simple interest calculation
• Highly competitive interest rate
• Monthly detailed statement
• $1,000 Cash Back after closing*

With an All-In-One Account you can:

• Reduce your loan term by years
• Have your pay deposited in to your account, or split your pay between accounts
• Redraw your money when you need it, with the convenience of cheques, ABM card, telephone and Internet Banking access
• Make extra repayments without penalty
• Consolidate your debt
• Borrow up to 80% of the value of your property

_{* Receive $750 cash back up and up to $250 for appraisal reimbursement if appraisal required. Offer is for a limited time only.}