What is a business savings account?
A business savings account lets you earn interest on your balance and withdraw funds when you need to. It's a great addition to your business chequing account.
Our savings accounts for businesses
Enhanced Investment Business Account
This account has a competitive interest rate and no monthly fee. There's no minimum amount required for transactions and you can dip into your funds at any time.
Interest
This is a tiered-rate account, meaning a higher balance can get you a better interest rate.
Transactions
Here are a few examples of transactions you can make with the Enhanced Investment Business Account:
- Transfers between this account and your other Desjardins accounts
- One-time and recurring transfers
Desjardins Business Treasury Account
With a very competitive interest rate and no monthly fee, this account lets you maximize interest on deposits over $1 million.
To open this account, contact your account manager.
Interest
Interest is calculated daily at a rate that varies according to the market and is paid out monthly.
Account details
- Minimum balance of $1 million
- Minimum deposit or withdrawal amount of $1 million
- 30-day notice required for withdrawals
- No monthly fees
Build-Up Savings Account for Businesses (CAN$ or US$)
This is a chequing account that lets you do everyday transactions and manage your cash flow but also earns interest like a savings account.
Do you do business in the United States? A US dollar account will simplify your cross-border transactions and let you save on exchange rate fees.
Interest
These are tiered-rate accounts, meaning a higher balance can get you a better interest rate.
Transactions
Here are a few examples of transactions you can make with the Build-Up Savings Account:
- Deposits and withdrawals at the teller counter or ATM
- Preauthorized payments and direct deposits
- Cheque issuing
- Bill payments
- Automatic transfers
AgriInvest Account
This savings account is for eligible agricultural businesses that are part of the government's AgriInvest program, which was designed to help farms manage income fluctuations and increase their market income. It allows you to receive up to $10,000 in government contributions.
Interest
Unless otherwise agreed, we don't pay interest on your deposits. However, the government contributions you receive are eligible for interest paid by the government.
Account details
- Eligibility determined by Agriculture and Agri-Food Canada
- Government form required to open account
- Funds accessible at any time
- No monthly fees
Features of our business savings accounts
Fees
Monthly service charges and transaction fees apply for our Build-Up Savings Accounts.
Deposit insurance
Open a business savings account
Or have us call you when it's convenient.
Our other business accounts
Business chequing accounts
Manage your business's everyday transactions with one of our chequing accounts.
Foreign currency accounts
Save on exchange rate fees with one of our foreign currency accounts (currencies other than US dollars).
Interest is calculated on your daily closing balance at the interest rate for your tier. The tiers are as follows:
$0 to $49,999
$50,000 to $99,999
$100,000 to $499,999
$500,000 to $999,999
$1,000,000 and up
For Canadian dollar accounts, interest is calculated at different rates for the portions of your balance that fall within each tier. The tiers are as follows:
$0 to $19,999
$20,000 to $99,999
$100,000 to $249,999
$250,000 and up
For US dollar accounts, interest is calculated on your daily closing balance at the interest rate for your tier. The tiers are as follows:
$0 to $99,999.99
$100,000 to $499,999.99
$500,000 to $999,999.99
$1,000,000 and up