Amanda McCardell
Client Relationship Manager
Area covered:
British Columbia
1110-1700 Dickson Avenue, Kelowna,
British Columbia, Canada,
V1Y0L5
Email:
amanda.mccardell@scotiabank.com
AgriInvest Deposit Account
An ideal way to manage small dips in your income
Helps you maximize your savings
Use the account1 to save up to 100% of your Allowable Net Sales, up to $1 million dollars2
Get a matching government contribution3 on the first 1% of your deposit, up to $10,000
Earn a competitive interest on the total amount3
Access funds and skip the fees with the AgriInvest Deposit Account
Withdraw funds at the branch anytime for any reason
Save with no maintenance fees
Pay no fees for account transactions or in-branch withdrawals
AgriInvest Account Rates
| Annual Interest Rate |
| 1.65% |
See what you could receive with the AgriInvest Account
| Scenario 1 |
Scenario 2 |
Scenario 3 |
|
| Your deposit |
$2,000 |
$300,000 |
$500,000 |
Government matches either
| Scenario 1 |
Scenario 2 |
Scenario 3 |
|
| Your deposit |
$2,000 |
$300,000 |
$500,000 |
| The first 1% of your ANS |
$5,000 |
$5,000 |
$5,000 |
| Government contributes the smaller amount |
$2,000 |
$5,000 |
$5,000 |
Maximum and minimum deposits
The maximum Allowable Net Sales you can have in a year is $1 million. Based on this limit, the maximum matchable deposit you can make annually is $10,000.
The minimum Allowable Net Sales needed to qualify for the program is $25,000. The minimum deposit you can make that will be matched with government contributions is $250.
Frequently asked questions
Speak to an Agricultural Banking Specialist today
Carol Day
Agriculture Specialist
Area covered:
Alberta
4824 53rd Street,
Taber, Alberta,
Canada T1G 1W4
Email:
carol.day@scotiabank.com
Phone:
(403) 634-5076
Christine Jutzi
Agriculture Specialist
Area covered:
Ontario
491 Highland Road W,
Kitchener, Ontario,
Canada N
Email:
christine.jutzi@scotiabank.com
Phone:
(519) 741-1965
1
Canadian dollar account only. Eligibility Requirements are determined by the Government of Canada. For more information, please visit AgriInvest Canada. Please note that AgriInvest in Quebec is delivered by La Financiére Agricole. For more information, please visit https://www.fadq.qc.ca/accueil/.
2
Allowable limits are determined by the Government of Canada.
3
Please note that government contributions and interest are taxable. Please speak to a tax professional or contact AgriInvest Canada for any tax implications that may arise as a result of transactions in your AgriInvest account.
4
Interest rates are subject to change. Interest is calculated daily and deposited monthly.