Jump-start your savings
Tax-Free Savings Account
When saving to buy large ticket items, every little bit helps. With the new Tax-Free Savings Account all Starnews members have a great way to build savings quickly, while earning a great variable rate on any balance without paying any tax on your earnings.
With a Tax-Free Savings Account you can deposit up to an annual limit and access your money at any time without penalty. And, if you are not able to make the maximum allowable deposit, you can carry forward any uncontributed amounts into the following year and so on. With other savings accounts you would normally be taxed on interest earned or charged to access your savings, the Tax- Free Savings Account cuts all that out, letting your money grow and giving you the freedom to withdraw your money on your own terms. You are free to use the money for whatever you need.
Click here for specific CRA details on the Tax-Free Savings Account.
There are no service fees on the Tax-Free Savings Account, however all transfers must be done into another Starnews Account and regular accounts fees will apply from that account.
Investment Savings Account
The investment savings account is designed to help you save and grow your money. You'll earn a great interest on your balance and any additional deposits. You can access your funds by transferring online to your chequing account or you can make deposits to your account in person, by mail, electronic transfer, payroll deduction or direct deposit.
- FREE quarterly statements
- FREE deposits
- Coverage up to $100,000 on all deposits through The Deposit Insurance Corporation of Ontario (DICO)
Starnews Savings Bonds
A quick and convenient way to save for your goals. You'll earn a higher rate than with Canada Savings Bonds and can take advantage of payroll deduction so your deposits are made automatically each month. For as little as $19.24 weekly you can save $1,000 in just one year, plus interest!
Starnews Savings Bonds are available from September through the end of October each year. To sign up for payroll deduction you can simply fill out the online application now or when the Starnews staff visit your office during the availability period.
