FATCAT is a pretty cool guy. He knows all about saving money and he can show you some special secrets.
The FATCAT account is a NO-FEE savings account. This means that it does not cost you anything each month to save money. PLUS when you do save money in your account, Equity actually pays you!
The FATCAT savings account is designed for Equity CU members up to and including 13 years of age.
Features:
- Interest paid monthly
- Interest calculated on minimum monthly balance
- No service charges
- Option of passbook or quarterly statement
- Term deposits available - minimum deposit $500
- Bonus interest rates provided - 1/4% above posted rates
- Protected by DICO*
Don't Forget...
You also get to have a MemberCard with your FATCAT account. That means that you can access your money lots of places. But don't spend it all at once.
DICO helps keep Ontario’s credit unions safe and sound by providing deposit insurance and regulating their activities. Your deposits are automatically insured up to the $100,000 limit (unlimited for deposits in registered plans); We insure most—but not all—types of deposits. See What’s Covered, What’s Not Covered; * We insure deposits placed in all credit unions in Ontario. See the list of current DICO’s insured institutions
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