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US Dollar Build-Up Savings Account

Streamline your transactions in US dollars and save on foreign exchange fees.

Why open an account in US dollars?

The US Dollar Build-Up Savings Account is a good option if you visit the United States often or if you get paid in US dollars, for example.

More flexibility

Wait for the exchange rate to work in your favour to convert your money and deposit it directly in your account. See our current exchange rates to find out more.

Tiered daily interest

Interest is calculated every day and paid into your account once a month, which means you accumulate interest on every dollar you save. What's more, you benefit from a tiered interest rate, so the higher your balance, the higher your interest rate.

Easy access to your US dollars

A US dollar account comes in handy if you travel or make regular purchases in the United States. Transfer your Canadian dollars into your US Dollar Build-Up Savings Account, then go to the caisse to withdraw money in US dollars.

Features

What's included

  • Eligible for member dividends 1
  • Unlimited regular transactions when balance kept at US$1,000 or more 2
  • Tiered interest rate
  • Transfers between accounts in US or Canadian dollars
  • Cheques
  • Teller transactions
  • Online or paper account statements

What's not included

  • Desjardins Access Card (debit card)

Useful information about this account

Learn more about service fees

For the USD Build-Up Savings Account, regular transactions are free if you maintain your monthly balance at or above US$1,000. The fees for this account are in US dollars.

If your monthly balance is less than US$1,000, you pay for each transaction.

Many transactions are always free

You never pay for the following transactions:

  • Deposits at the teller counter
  • Direct and mobile deposits
  • Automatic transfers between accounts in a single folio
On AccèsD (Internet, mobile or telephone)
  • Transfer: US$1.25
At the teller counter
  • Cheque cashing, withdrawal or transfer: US$1.25
  • Bill payment: US$2.25
Other transactions
  • Pre-authorized payment: US$1.25
  • Automatic transfer between accounts in different folios: US$1.25
  • Cheque: US$1.25

Fees may also apply for other services.

Our cooperative nature

Membership is more than just opening an account

Every Desjardins caisse is a financial services cooperative. As a member, you can take part in caisse decisions 3 , qualify for a dividend 3 and help give back to the community.

Sharing is in our nature

Become a member of a financial cooperative that shares your values. The well-being of our members and communities is what drives our actions.

FAQ

Who can open a US dollar account?

Anyone can open a US Dollar Build-Up Savings Account. It's a great option if you visit the United States often or if you're paid in US dollars.

Make an appointment with an advisor to open a US Dollar Build-Up Savings Account and enjoy all its advantages.

How do I open an account in US dollars with Desjardins?

Make an appointment with an advisor to open a US Dollar Build-Up Savings Account and enjoy all its advantages.

Find a caisse or point of service

How do I put money into my US Dollar Build-Up Savings Account?

You can transfer funds from your Canadian dollar account into your US Dollar Build-Up Savings Account. Your Canadian dollars are converted to US dollars at the exchange rate in effect at the time of the transfer. You can then withdraw or use your money in US dollars.

Tip: Choose the right time to transfer your funds into your account by keeping an eye on the current exchange rate.

What is a tiered interest rate?

With a tiered interest rate structure, the rate goes up as your account balance increases. The more money you put into your US Dollar Build-Up Savings Account, the higher the applicable interest rate.

See current interest rates

Open a US Dollar Build-Up Savings Account

By phone

We're here to answer any questions you may have about opening an account.

1-800-224-7737 AccèsD Telephone. This link opens your phone app. (1-800-CAISSES)

We can call you when it's convenient.

The payment of a member dividend is subject to certain conditions, such as the caisse's financial capacity and the vote by members on the distribution of surplus earnings. If you fail to maintain a balance of US$1,000 in your USD Build-Up Savings Account throughout the entire month, per-transaction fees will apply. Opening an account allows you to become a member and to vote under certain conditions. The payment of a member dividend is subject to certain conditions, such as the caisse's financial capacity and the vote by members on the distribution of surplus earnings.