The current interest rate for the Smart eSavings account is listed here. Interest is calculated daily on the closing balance and is compounded monthly and added to your balance on the last day of each month. Read More
Your Smart eSavings account will be active once everything has been cleared and processed – including your cheque – which must clear in order to set up a link between your new Smart eSavings account and the account the cheque is drawn on. This allows you to transfer funds into… Read More
You can open a Smart eSavings account with as little as $25. This initial deposit must be in the form of a personal cheque drawn in Canadian funds on an account from your financial institution made payable to Bridgewater Bank. Following deposits can easily be made through pre-authorized contributions to your… Read More
No minimum balance is needed for interest calculation or payment. Read More
It’s easy. Just contact us and we will be happy to transfer the funds requested into your external account in about 3 to 5 business days. Read More
Statements are mailed out in February and July. If you want to know your current balance, please contact us. Your T5, a statement of interest earned and used for tax purposes, is issued within 60 days of each calendar year. If you have not received your T5 by March 15,… Read More
To open an account, your initial deposit is made by cheque drawn on a personal account at a Canadian bank account in your name made payable to Bridgewater Bank, which is referred to as your external account. It’s the account used for transactions to and from your Smart eSavings Account. Read More
You can change the frequency or amount of your contributions at anytime simply by submitting a new Pre Authorized Debit (PAD) and Credit (PAC) Agreement. It’s easy to complete the application for a PAD/PAC to your account at the same time you open it online or at any other… Read More
For deposits not exceeding $1,500, no more than five (5) business days after the day of the deposit. For deposits greater than $1,500, no more than eight (8) business days after the day of the deposit. Read More
No, overdrafts are not an option with Smart eSavings accounts. Read More