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Plan 24
24 Hours a Day, 7 Days a Week!
Why let your money be lazy, when your credit union has a plan for putting it to work!
Our Plan 24 daily interest savings account keeps your money busy earning interest every 24 hours, every day of the week.
Earn Interest on Your Daily Balance
With Plan 24, interest is calculated every 24 hours on the balance in your account that day. Deposit as little or as much as you like, knowing that every penny actively earns interest as long as it stays in your account.
Enjoy Maximum Flexibility
With Plan 24, you'll always have access to ready cash for those short-term expenses that need immediate attention. Meanwhile, you'll continue to earn interest on the remaining funds! Plan 24 helps you focus on your long-term goals, while enabling you to take care of short-term expenses.
CUSave™
This is a premium rate investment account which is easily accessed through internet banking. There is no minimum
balance required and the funds are not locked in. A premium rate is paid on balances over $5,000.00 and the regular
savings rate is paid on balances under $5,000.00. The interest is calculated on the closing daily balance and paid
monthly. This account does not have chequing privileges.
Youth Accounts
Fat Cat Youth Account
A Fat Cat Youth Account is a great opportunity for a child to develop important money management skills.
A Fat Cat Youth Account...
- is a special savings account for children under 12
- pays a competitive rate of interest
- allows family and friends to make deposits too!
Lay the groundwork for your child's financial future. Open a Fat Cat Youth Account today!
Headstart
You're Fast Off the Mark
When you open a credit union Headstart account, you're well on your way to gaining a real advantage...moneywise.
The money you receive through birthday and Christmas presents, graduation gifts, allowances and earnings can quickly disappear. Instead, it can remain close at hand and easy to access when you need it most, whether for clothes, entertainment or sale-priced items.
Money, like time, has to be managed. That's another advantage where a Headstart account comes into play. Use it to make money on your money, while keeping it safe.
Keep Your Eye on the Finish Line
Regular deposits to your Headstart account can quickly mushroom. Your accumulated savings will help you to achieve your long-range goals: college, travel, new sound system, mountain bike or windsurfer...whatever, it's your call.
Pitstops Along the Way
Along the way, you may need regular access to your money. Write cheques. Or make withdrawals from your account in person.
Many credit unions offer Automated Teller Machines (ATMs) which will accept your Member Card Debit Card. Use it to get easy access to your money 24 hours a day.
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Savings Services
Regular Savings
Interest on regular savings accounts is calculated on a minimum quarterly balance, and paid annually.
Daily Interest Savings (Plan 24)
A convenient savings account for both personal and business needs. Interest is calculated daily and paid monthly. Plan 24 accounts do not have chequing privileges; however, transfers can be made in any amounts in person or via computer in multiples of $50 for a minimum charge.
Special Savings
A savings account that pays interest semi-annually (June 30th and December 31st). Interest is calculated monthly on the minimum monthly balance. Deposits receive credit if deposited on the first banking day of each month. Transfers can be made the same way as Plan 24. Special Savings Accounts do not have chequing privileges.
Term Deposits
Funds are deposited for a specific period of time. Fixed interest rates are offered on invested money for designated time periods. Redeemable term deposits are offered from 30 to 364 days, with interest paid at maturity and 1 to 5 year terms, with interest paid annually, to an account of the member's choice.
Non-redeemable term deposits are offered for 1 to 5 year terms and cannot be redeemed prior to maturity. Interest is paid on an annual basis to an account of the member's choice or compounded interest.
Management provides daily quotes on Term Deposits in blocks of $100,000 and over.
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MarketFlex
There's no down-side risk to investing in MarketFlex. If the markets do well, you have the potential to earn higher returns than with traditional GICs. No matter what happens, your entire principal is protected.
- Deposits are guaranteed
- No commission or management fee
- Participate in the Canadian stock market
- Take advantage of potential higher returns
- Diversify your investments
- Profit from Canada's leading companies in leading industries
Heritage 55
A service for members 55 years of age and older. Benefits are:
No service charges.
No charges on travellers cheques, money orders or utility bills.
Unlimited usage of Saskatchewan credit union ATMs.
Free personalized cheques.
No mortgage renewal fees.
$5 off regular rental on Safety Deposit Boxes.
RRSPs
Midale Credit Union offers competitive interest rates with no administration or withdrawal fees. There are no charges, commissions, or deductions of any kind. Members receive statements annually.
RRIFs (Registered Retirement Income Funds)
Midale Credit Union is an agent for the Co-operative Trust Company of Canada.
RESPs (Registered Education Savings Plans)
Midale Credit Union is an agent for the Co-operative Trust Company of Canada.
NISA Accounts
Interest bearing Net Income Stabilization Account providing convenient deposits and account balance information for your producer contributions.
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Students
We offer special products and services just for you!
Graduate Account
Service Charge Free accounts with special features and benefits for youth and students. The Graduate Account is for those enrolled in a post-secondary educational program. Headstart is an interest bearing chequing account for students ages 12-18. FatCat Savings Account is for children between the ages 5 and 11.
Graduate Loan
Not everyone qualifies for a Government Student Loan. We view your education as a very important step in your life. Talk to us about how best to finance your education and how we can help. Interest rates as low as prime with monthly "interest only" payments while you are in school. Principal and interest payments start 3 months after you complete your full-time studies. Open our Graduate Account and qualify for many special benefits while attending school.
Student MasterCard
The Student MasterCard has no annual fee and up to a $1000 credit limit. Accepted worldwide, with ATM access in 220 countries. The Student MasterCard provides students with an opportunity to start building an excellent credit rating, even before they graduate. A good credit rating brings success, professional integrity and reliability. With Student MasterCard, students can enjoy convenience and peace of mind with Purchase Protection, Extended Warranty and optional CHOICE Rewards. Benefits such as a travel rebate and Common Carrier Accident Insurance are also available.
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Cards
Member Card "Debit" Card
The Member Card allows you instant access to your funds for making purchases at participating merchants and also through Automatic Teller Machines (ATM). All you need is your Member Card PIN (Personal Identification Number) to gain confidential access to your accounts. Available anywhere you see the INTERAC Direct Payment Symbol.
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Global Payment MasterCard - Payment Card
The card that acts like a cheque. Accepted worldwide. Transactions are reported on your chequing statement. Accesses the ATM by using your Personal Identification Number (PIN). Utilized for International cash advances at any MasterCard financial institution. Can also be used in conjunction with a Line of Credit.
New features as of June 1, 1998 include: Purchase protection insurance; Common Carrier (travel accident) insurance; and extended warranty insurance.
GOLD Global Payment MasterCard - Payment Card
Includes the same benefits and features of the Global Payment MasterCard...plus MORE! You will have access to a package of benefits designed with you in mind. Benefits such as travel services and purchase protection are just a few of the benefits you can take advantage of when using your Credit Union Global Payment MasterCard.
A new feature as of June 1, 1998 is Accidental Death Insurance.
MasterCard "Credit" Card
Accepted worldwide. "Buy now, pay later." Make your payment within the grace period after your statement date, and you pay no interest charges. Accesses the ATM by using your Personal Identification Number (PIN), and can be utilized for international cash advances at any MasterCard bank.
MasterCard Credit Card provides the convenience of revolving credit separate from your Credit Union accounts and offers competitive interest rates with a 21 day interest free grace period. MasterCard Credit Card does not charge a transaction fee, but does however, have a low annual fee which provides card holders with exceptional value. These features include:
Credit Card registry, whereby card holders register all their Canadian Credit Cards to guard against lost or stolen cards and insure that replacement cards are issued automatically;
One thousand dollar ($1,000.00) trip cancellation insurance which provides card holders with protection in the event that last minute circumstances interfere with travel plans;
Extended warranty insurance which automatically doubles up to a maximum of one year, the manufacturers warranty on items purchased with your MasterCard;
Purchase protection which automatically insures most purchases card holders make with their MasterCard 90 days from the date of purchase.
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MasterCard GOLD Credit Card
Includes the same benefits and features of the MasterCard Credit Card...plus MORE! You will have access to a package of benefits designed with you in mind. Benefits such as travel services and purchase protection are just a few of the benefits you can take advantage of when using your Credit Union GOLD MasterCard Credit Card.
MasterCard Gold Credit Card offers the same features as the regular MasterCard Credit Card, plus:
$5,000.00 credit limit;
Out of province medical coverage for protection when travelling; Master Rental provides collision insurance on a rented vehicle. Master Trip provides trip assistance and life insurance;
Master Legal provides legal assistance while travelling;
Master Purchase provides purchase protection for lost or stolen articles for 90 days and increases to manufacturer's warranty up to one additional year.
Choice Rewards
A reward program offered on the Credit Union MasterCard. It allows cardholders to receive points per dollars spent. The points can be redeemable for merchandise, weekend getaway vacations, and travel certificates.
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Other Services
Automated Teller Machine (At participating Credit Unions)
Convenient access to your deposit accounts 24 hours a day, 7 days a week by Member Card or MasterCard with Personal Identification Number (PIN). Deposits, withdrawals, payments, and transfers are available from any ATM in the world bearing the INTERAC or the Cirrus sign. Within Canada, the Credit Unions have established a new national network that gives members access to all Credit Union ATM's and allows for the expansion of Inter-Credit Union services. When outside of Canada, you can also use your Member Card Debit Card to make purchases. Simply look for a merchant displaying the Maestro logo.
Deposit Guarantee
As an account holder, you receive a FULL GUARANTEE of funds on deposit. This guarantee is Saskatchewan's Credit Union Deposit Guarantee Coorporation.
Night Depository
Allows members to make deposits after the credit union is closed.
Safety Deposit Boxes
Secure storage facilities for valuables. An annual rental fee is paid by the member.
Utility Bills
Payment to SaskPower/Energy and SaskTel can be made at your credit union. A minimal charge may apply for their services.
Direct Deposits
You don't have to wait by the mailbox, worry about losing your cheque or stand in a line to cash it.
Direct deposits are safe, reliable and confidential. They are automatically deposited on time into your account and can collect interest from the moment it is issued.
Insurance Services
Optional insurance on Mortgages, Term Life Insurance and Disability Insurance is available at the credit union. Cost of premium paid by member.
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Money Orders
A convenient, safe method of making payments. Money orders are available in Canadian or U.S. dollars. A minimum charge may apply.
Member Service Package
Member Service Package is a comprehensive personal financial money management tool which can be attached to either a Maximizer or Chequing account. Midale Credit Union is pleased to provide a money saving service package designed for today's active member. The features of the Premium Member Service Package are as follows:
Monthly fixed fee:
Our low monthly fee is charged at the end of each month and provides you with the convenience of knowing exactly what your service charges will be;
Unlimited access:
There are no additional transaction fees for cheque writing, cash withdrawals, transfers, Saskatchewan Credit Union automated teller transactions and Mastercard transactions;
No Commissions or fees will be charged:
On the purchase of traveller's cheques, money orders, and certification of first party cheques;
Bill payment services:
Available at no additional cost;
Safety Deposit Box:
Rental is reduced by $5.00 annually.
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