These are the least costly solutions for renovations because you pocket the interest instead of paying it! However, they require more planning. If you are only planning to renovate in a few years’ time, we have two savings solutions for you.
Your best savings tool. Why? Because it lets you save effortlessly. How? By integrating your savings "expenses" into your budget. All you have to do is determine the timeframe and cost of the renovations, add a small margin to cover inflation, and then calculate the amount you need to put aside every week, every two weeks or every month.
The Periodic Savings and Investment Plan takes care of the rest automatically. You won't have to give it a second thought, and little by little, you'll amass all you need! You can even change the amount of your withdrawals or their frequency whenever you like. That might be a good idea if you get a raise, don't you think? Learn more >>>
The Investment Excellence Savings Account
Does your income vary from month to month and are you looking for a more flexible tool? This savings account is for you! The more you deposit in your account, the higher the interest rate climbs. Tier by tier. So when money comes in, you have two good reasons to save: your renovations project and the possibility of increasing your interest rate. What's more, the interest is calculated on the minimum daily balance and there are no monthly account maintenance fees1. Learn more >>>
Check out our banking plans too. Some of them offer reduced interest rates on our financing solutions, which will give you that extra boost you need to carry out your projects!
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1. For information on the rates in effect, contact one of our advisors or call 1-800-252-1846.