Savings rate

There’s nothing better than watching your money grow with a Bridgewater Bank Smart eSavings AccountTM. Our competitive interest rates will help you reach your savings goal faster. Ask us about our preferred rate for AMA members. Find out more about opening an account or simply contact us at the customer experience centre to start your application.

Savings rate


Smart eSavings Account2.35%
Last date adjusted: May 27, 2019. Rate subject to change without notice.

1 Annual Percentage Rate (APR) shown is calculated on a per annum basis. Rates are subject to change without notice.

Savings features

Benefits you deserve

Open a Bridgewater Bank Smart eSavings Account and immediately benefit from a number of uncommon features:

  • High interest savings account with a highly competitive rate
  • Interest calculated daily on closing balance
  • Initial deposit requirement only $25
  • Easy transfer of funds from other financial institutions
  • ‘Set it and forget it’ automatic pre-authorized contributions
  • CDIC eligible up to $100,000
  • One free withdrawal per month2
  • Interest compounded and paid monthly
  • No minimum balance required
  • Individual or joint ownership options

Need more information? Please see your Personal Account Agreement for your Smart eSavings account.

Questions? Please contact us.

2 With the Smart eSavings account you are entitled to one free withdrawal per calendar month. There is a $5 service fee per transaction for additional withdrawals per calendar month.


Bridgewater Bank fees

  • Savings account fees

    Review our list of applicable service fees below and contact us if you have any questions.

    Service feesCost
    First withdrawal each month3 (per calendar month)Free
    Each additional withdrawal per calendar month$5
    Dishonoured cheque or pre-authorized debit reversal fee$20
    Inactive or dormant accountsNo charge
    Account history inquiryFree
    Duplicate statementFree
    Transfers to another Bridgewater Bank Smart eSavings account or other Bridgewater Bank account4Free

    You can download the Service Fees PDF by clicking here.

    Free withdrawals not used are not eligible to be carried forward.
    Transfer to a Bridgewater Bank GIC.

Joint accounts

  • Joint deposit accounts

    Information about joint deposit accounts

    A joint account is a bank account that two or more people share ownership of. Each of the account owners can manage the funds in the account or withdraw funds from it, regardless of who deposited the money into it.

    Important things to know about joint accounts

    • As a joint account holder, you share equal access to the account. You also share responsibility for all transactions made through the account. In most cases (unless you state otherwise), the other account holder(s) are able to make transactions without your consent.
    • All Bridgewater Bank joint accounts are set up with the right of survivorship. This means that if one of the account holders dies, the surviving account holder becomes the owner of the account with the right to deposit, withdraw and manage the funds in the account.
    • In the event that an account holder wants to remove their name from the account, the account will be closed and reopened in the name(s) of the remaining account holder(s) with a new account number.
    • You are responsible, both jointly and individually, for all transactions, obligations and service charges relating to the account. Bridgewater Bank can disclose your account information to any joint account holder.

    Learn more about joint accounts from the Financial Consumer Agency of Canada.

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Savings Calculators

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