Chequing and Savings
Regardless of how many bills you pay and how you prefer to pay them, how often you make deposits and withdrawals, and what your account balance usually is, you'll find a daily account at Rochdale that suits your banking habits. Deposit Insurance protects the funds in all chequing and savings accounts.
All our accounts can be accessed a variety of ways - in branch, through Rochdale, Plus®, INTERAC Network and EXCHANGE® ATMs , In Touch® Telephone Banking service and Member Direct® Internet Banking
Rochdale's Chequing Account suits members who prefer to pay their bills by cheque. Members can set up Pre-Authorized Payments to be debited automatically from their chequing account. A Personal Line of Credit is also available to eligible members.
Our Plan 24 Savings Account is a daily savings account with interest calculated on the daily closing balance and paid monthly. It suits those who conduct a lot of transactions but do not write cheques.
Rochdale's Trust Account is an informal trust that can be established to set money aside on behalf of another person. There are no service charges associated with this account, and no ownership shares are required as long as the trustee is a member of Rochdale Credit Union. With a minimum investment of $50, a Term Deposit that matures in 1 to 5 years may be purchased.
The Youth Account has been designed specifically for members 22 and under. Although this is primarily a savings account, chequing privileges are available. To help our young members get ahead financially, there are NO SERVICES CHARGES applied to the account, and Term Deposits are offered for a reduced minimum deposit of only $50. For students who are planning to attend college or university, a Student Line of Credit and Student MasterCard® are offered.
The Super Seniors Account has been designed with the needs of our senior members in mind. Pension and other retirement cheques may be deposited directly into this account, and bonus interest is paid on the funds in a Combination account, Plan 24 Savings Account, Variable Rate RRSPs and RRIFs. There is no fee on mortgage renewal and mortgage discharge when renewing or paying off your mortgage. Our Financial Services Representatives are experienced helping senior members create the right retirement package, using the RRIF Illustrator Program to assist in setting up RRIFs.
