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PC Money™ Account is the only no monthly fee bank account that rewards you with PC Optimum™ points for your everyday banking and spending, and lets you earn interest on your savings balance.

You can use your PC Money™ Account for all your banking activities like making everyday purchases, ATM withdrawals, bill payments, Interac e-transfer services, setting up pre-authorized payments and debits and for receiving your payroll or pension direct deposits.

The PC Money™ Account also comes with an optional savings feature that allows you to earn interest on your savings balance. This feature is available to both existing and new customers.

Applying for a PC Money^™ Account is quick and easy. All you need to do is complete this application.

What you need to know to get started

• Be a resident of Canada: The PC Money™ Account is only available to residents of Canada.

• You'll need to be a minimum of 16 years old at the time of your application

• Have your SIN ready: This is required if you add the savings feature to your PC Money™ Account.

• You’ll also require information about your occupation or employment status

The PC Money™ Account is the only bank account that offers you two different ways to get more from your money. Earn PC Optimum™ points on your everyday banking and spending transactions, while also earning interest on your savings balance. With just one account, you get the best of both worlds. You can also use your card everywhere Mastercard® is accepted, including online and when travelling abroad. However, you can’t write or deposit cheques, or use your card with merchants that don’t accept Mastercard® payments.

It is a new optional feature that is available with the PC Money™ Account, that helps you grow your savings by earning interest on every dollar you save. You can add it to your account during your application as a new customer, or through your PC Financial® app or online account as an existing customer. With the savings feature added to your PC Money™ Account, you now earn interest while you save and you still earn PC Optimum™ points when you spend. So, whether you bank or save, it’s a win-win!

Our best everyday interest rate
With the PC Money™ Account savings feature, you’ll earn a competitive, everyday interest rate that isn’t promotional. This rate is designed to help you grow your savings over time, so your money goes further. Some banks offer promotional rates, they start with a high rate and drop sharply after a few months. But with the savings feature, you don’t have to worry about any dramatic drops or expiration.

While this rate isn't promotional, it is subject to change. We remain committed to providing you with our best possible rate, taking into account the Bank of Canada’s rate movements.

No catches, just rewards
You can enjoy everyday growth on your savings balance with no catches! Unlike many banks, our rate is not subject to additional conditions like a monthly fee, a minimum balance or a commitment required

How to calculate your interest
For example, with a interest rate, a $10,000 deposit will earn you $350 in one year. Since interest is calculated daily and paid monthly on your savings balance, you will receive $29.17 monthly.

To review the latest rates available visit https://www.pcfinancial.ca/en/legal-stuff/pcsavings-interest-rates/ (opens in a new window).