Rate option 1
0%
- Compounding
- Monthly
- Calculation
- Daily Closing Balance
Savings Account
USD
CDIC Insured
National Bank of Canada
The USD Progress Account
Maximize your American dollars with a tiered interest savings account. Perfect for traveling to the U.S. and making cheques in USD. Must be opened in-branch.
Rate up to
0.1%
Monthly fee
No monthly fee
Transactions
Not listed
Minimum deposit
$0
EARNINGS
Rates and interest details
Balance-tier schedule
| Balance | Standard rate | Boosted rate | Condition |
|---|---|---|---|
| $0 – $4,999.99 | 0% | — | Standard eligibility applies |
| $5,000+ | 0.1% | — | Standard eligibility applies |
COSTS
Fees and account limits
Monthly feeNo monthly fee
Fee-waiver balanceNot listed
Minimum deposit$0
Maximum depositNot listed
Included transactionsNot listed
Bundled productNot specified
Detailed fee schedule
| Fee | Amount | Frequency or allowance | Additional use |
|---|---|---|---|
| Paper Statement FeePaper statements by mail are $2.50 USD per month. Online eStatements are free. | - | Unlimited | - |
| Per-Transaction FeeBranch withdrawals/transfers are free. Branch bill payments: $2.00 USD. Cheques: $1.25 USD. Pre-authorized debits: $1.25 USD. Bank Drafts: $9.00 to $12.50 USD. No ABM or debit card POS access. | - | Per Use | - |
ACCOUNT EXPERIENCE
Features and benefits
CDIC Insured
Eligible for CDIC Insurance.
US Dollar Account
U.S. Dollar Account.
eStatement and eNotifications
Free online statements.
WHO CAN APPLY
Eligibility and access
Minimum ageNot specified
AvailabilityAvailable nationally
Mobile appNot specified
Online bankingYes
Branch accessYes
CDIC Insured: Eligible for CDIC Insurance.
COVERAGE
Registration, networks and availability
Registration options
- NONREGNon-Registered
IMPORTANT INFORMATION
Terms and disclosures
Rates, fees, eligibility requirements and promotional terms can change. Confirm all current details directly with National Bank of Canada before opening the account.