Savings account · Bank of China (Canada)
Premium Savings Account (CAD): fees and true cost
Bank of China (Canada)’s Premium Savings Account (CAD) lists 0.5%–0.6% (tiered) interest and $23.00/mo, or $0 with a $5,000 minimum balance. On $10,000 that’s about $60 a year before tax, at the posted rate.
CDICOffered in AB, BC, ON, QC
Fees retrieved November 1, 2026
Interest at different balances
| Balance | Rate | Interest a year |
|---|---|---|
| $1,000 | 0.5% | $5 |
| $10,000 | 0.6% | $60 |
| $50,000 | 0.6% | $300 |
| Balance | Rate (annual) |
|---|---|
| $0 to $10,000 | 0.5% |
| $10,000 and up | 0.6% |
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | $23.00/mo, or $0 with a $5,000 minimum balance |
| Included transactions | Unlimited |
| Debit purchase in Canada (beyond included) | No extra fee |
| Online or mobile bill payment | No extra fee |
| Interac e-Transfer | Not available |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | No extra fee |
| Withdrawal at another institution’s ATM | No extra fee |
| ATM withdrawal in the United States | $5.00 |
| ATM withdrawal in other countries | $5.00 |
| Debit purchase in the United States | No extra fee |
| In-branch withdrawal | No extra fee |
| Bill payment in branch | No extra fee |
| Cheque (as a payment) | Not available |
| Mailed monthly statement | Not available |
| Non-sufficient funds (NSF) | Not stated |
| Overdraft protection, monthly | Not stated |
| Overdraft protection, per use | Not stated |
| Overdraft interest | Not stated |
Notes from the institution
FCAC retrieved information for this account from publicly available information on the financial institution's website. Product features, fees, rates and eligibility requirements may change. Please verify current account details directly with the financial institution.
Is the money protected?
CDIC member. Eligible deposits are covered up to $100,000 per category at each CDIC member — see the deposit safety tool.
Other savings accounts at Bank of China (Canada)
- Standard Savings Account (CAD) — 0.5% interest
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Bank of China (Canada)’s product page
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