* interest on your savings. No catches.
No monthly fee- No time commitment
- No minimum balance
You get $200 in PC OptimumTM points offer** when you open an account.
200K PC Optimum™ points welcome offer:
Earn
200,000 points
Earn 200,000 bonus PC Optimum™ points with a welcome offer when you open a PC Money™ Account and set up a min. of $1,500 in payroll or pension direct deposits for 3 consecutive months.
See terms and conditions for details.
Our * high interest rate beats flashy promo rates
We did the math! Check out how $10,000 can grow over 12 months with our everyday interest rate compared to other banks.‡
Spend for PC OptimumTM points.
Save with high interest.
One application gets you everything you need, plus extra perks just for fun.
Spending Spending
Rack up PC OptimumTM points with every banking transaction and purchase you make.
Up to 10,000 points per month when you set up payroll direct deposits3 and make bill payments4
25 points per $16 at Shoppers Drug Mart® stores
Up to 10 points per $1 everywhere else5
Free Interac e-Transfers and no foreign exchange transaction fees for shopping abroad8
+ Savings New!
Reach your savings goal with no catches.
Our best everyday rate of *
No minimum balance means everyone qualifies regardless of their balance
No time commitment means you can always access your funds
No monthly fee means you keep more of your money
PC Money™ Account savings feature
Our best everyday rate
The savings feature offers a competitive, everyday interest rate that isn’t promotional. This means you can continuously grow your savings without worrying about any dramatic rate drop after a few months.
While this rate isn't promotional, it is subject to change. We remain committed to providing you with our best possible rate, taking into account the Bank of Canada’s rate movements.No catches, just rewards
You can enjoy everyday growth on your savings balance with no catches! Unlike many banks, our rate is not subject to additional conditions. Meaning – no monthly fees, no minimum balance and no commitment required.
How to calculate your interest
For example, with a interest rate, a $10,000 deposit will earn you $310 in one year. Since interest is calculated daily and paid monthly on your savings balance, you will receive $25.83 monthly.
President’s Choice Bank is a member of the Canada Deposit Insurance Corporation (CDIC).
Your rewards are waiting
Start a PC MoneyTM Account applicationThen you can earn points when you spend and bank.
Add the optional savings featureAll you need is your Social Insurance Number (SIN)
Automatically earn our everyday 3.1%* interestAnd watch your savings balance grow from day one, with no promotional end date.
Pro Tip: Add your card to your mobile wallet after opening your account to make banking even easier.
Winner of the Best Rewards Bank Account for 2025 by MoneySense7
Join thousands of customers earning over $700 in value every year.†
Estimate of $285 in interest earned per year on savings.
Estimate of $80 in points per year when you spend.
Up to $60 in points per year when you set up and use payroll or pension direct deposit.
Up to $60 in points per year when you pay bills.
Estimate of $12 saved per year in foreign exchange transaction fees.
Up to $203 saved in fees per year when you switch from a monthly fee account.
You could win $25,000, too.
Bank with confidence
Multi-factor authentication
An added layer of security.
Card lock ability
In case of a lost or stolen card.
Security notifications
So you’re informed on account activities.
Mastercard® Zero Liability Promise7
For unauthorized purchases.
FAQs
What is the PC Money™ Account?
How do I open a PC Money™ Account?
How is PC Money™ Account different from other bank accounts?
What is the new savings feature?
What is the Interest rate for the savings feature?