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Senior Savings Account

The Senior Account has been developed to meet the expressed financial needs of our 65 Years+ membership. This is an all-inclusive account without any transactional limitations for only $6.55 per month!

The Senior account gives you the convenience of chequing with the attractive interest rates normally found only on savings accounts. For convenience and protection against overdrafts this account can have a personal line of credit attached to it.

You have worked hard for your money; with our Seniors Account, we make sure your money is working for you without any of those annoying limitations.

Highlights of the Senior Account are:

  • Eligible to those 65 or better

  • Chequing / savings account

  • Statement account

  • A line of credit option available

  • Interest rate varies by minimum balance. (See rate sheet)

  • Interest is calculated on the daily balance and paid monthly

  • Eliminates the need for transfers from account to account

  • Unlimited INTERAC transactions (ABM withdrawals)

  • Unlimited Point of Sale (debit card purchases)

  • Unlimited Chequing privileges

  • Unlimited Electronic transfers

  • Unlimited Official Cheques

  • Unlimited Telephone Banking through “Member-Link” 24-hour telephone banking

  • Unlimited Personal Bill payment through “Member-Link”

  • Free Personalized duplicate cheques

  • Unlimited Certified cheque (member certified)

  • No-Fee Travellers Cheques

  • Safety deposit discount (where available)

  • Voucher search free within 12 months

  • Account Maintenance fee is included

  • Annual Credit Union league dues are included



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© 2017 Ontario Educational Credit Union
Suite 1, 6435 Edwards Blvd. | Mississauga, Ontario Canada L5T 2P7 | Tel: (905) 795-1637