ACCOUNT FEATURES |
Credit Limit |
Up to $25,000 |
Borrowing Rate |
As low as CFF Prime + 4% |
Savings Rate |
1.3% (subject to change) |
Interest Calculated |
On average closing daily balance and charged monthly |
Minimum Payment |
Greater of 1% of the outstanding balance or $50/month |
Access |
Online transfers from another bank |
Fees |
No monthly fees |
QUALIFYING DETAILS |
Minimum Beacon Score |
650+ |
ACCOUNT BENEFITS |
Access credit whenever it’s needed |
Reduce interest owing with any deposits made to the account |
Pay interest only when the account is used |
Earn high interest when borrowings are paid off |
Direct deposit |
Bill payments |
Cheques |
ABM Access |
TOP REASONS TO OFFER THE CFF BANK EASYONE ACCOUNT |
1. Debt Consolidation Strategy. An ideal solution to consolidate higher interest credit cards. |
2. No Fee Transaction Account. Save money with no regular transaction fees. |
3. Increase Cash Flow. Interest savings and reduction in minimum payments will increase cash flow. |