Savings account · Steinbach Credit Union
Steinbach Credit Union Monthly Savings Account: fees and true cost
Steinbach Credit Union’s Monthly Savings Account lists 1.2% interest and no monthly fee. On $10,000 that’s about $120 a year before tax, at the posted rate.
Provincial insurerOffered in MB
Fees retrieved November 1, 2026
Mitey reads Steinbach Credit Union’s Monthly Savings Account rate sheet: $120 a year on $10,000.
What interest does Monthly Savings Account from Steinbach Credit Union pay?
Monthly Savings Account lists 1.2% interest with FCAC. On $10,000 that is about $120 a year before tax, with no monthly fee, #13 of 35 savings accounts offered in Manitoba by interest after fees. Deposits are protected by a provincial credit union deposit insurer. Rates as listed on November 1, 2026; promotional rates may differ.
Is Steinbach Credit Union Monthly Savings Account the best place for savings?
- Versus the top posted rate: on $10,000, 30 Day Notice Savings Account (EQ Bank, 3%) would pay about $180 more a year after fees.
- Or lock it in: a 1-year GIC at 3.75% (Oaken Financial, posted November 2, 2026) would earn $375 on $10,000, against $120 here — but the money is locked in for the year.
Interest at different balances
| Balance | Rate | Interest a year |
|---|---|---|
| $1,000 | 1.2% | $12 |
| $10,000 | 1.2% | $120 |
| $50,000 | 1.2% | $600 |
| Balance | Rate (annual) |
|---|---|
| $0 and up | 1.2% |
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | No monthly fee |
| Included transactions | 1 a month |
| Debit purchase in Canada (beyond included) | $1.00 |
| Online or mobile bill payment | $0.65 |
| Interac e-Transfer | $1.00 |
| Online transfer between your accounts | $1.00 |
| Own-bank ATM withdrawal | $1.00 |
| Withdrawal at another institution’s ATM | $1.50 |
| ATM withdrawal in the United States | Not available |
| ATM withdrawal in other countries | Not available |
| Debit purchase in the United States | Not available |
| In-branch withdrawal | $1.00 |
| Bill payment in branch | $1.00 |
| Cheque (as a payment) | $1.50 |
| Mailed monthly statement | No extra fee |
| Non-sufficient funds (NSF) | Not stated |
| Overdraft protection, monthly | Not stated |
| Overdraft protection, per use | Not stated |
| Overdraft interest | Not stated |
Notes from the institution
FCAC retrieved information for this account from publicly available information on the financial institution's website. Product features, fees, rates and eligibility requirements may change. Please verify current account details directly with the financial institution.
Is the money protected?
Provincial deposit insurer. Credit union deposits are insured by the province, with limits that vary — see credit union insurance by province.
Other savings accounts at Steinbach Credit Union
- Daily Growth Savings Account — 1.5% interest
- High Interest Savings Account — 2%–2.25% (tiered) interest
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Steinbach Credit Union’s product page
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