Solidarity Savings Account

Grow your savings and strike funds with competitive rates

Supporting Labour is important to us.

Union Savings has partnered with VCIB Vancity Community Investment Bank to create a savings program specifically designed to help labour unions and associations grow their savings and strike funds.

Solidarity Savings uses a combined investment approach where interest rates are based on the collective deposits of the program. This way unions get more competitive interest rates than a traditional savings account.

How it works

It's important to us that unions get access to a truly affordable and flexible savings account that allows them grow their funds, regardless of the size of the union or the amount of funds they wish to deposit.

FEES
There are no fees to open or maintain the account.

LIMITS
There is no minimum deposit.

ACCESS
Unions have full access to their funds and can withdraw funds at any time.

PRIVACY
Only the union can view their account and balance.

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FAQ

We like their values. VCIB supports the community through impact loans that support affordable housing, climate change projects, and other socially responsible organizations. Vancity Community Investment Bank is a member of CDIC and is a Certified B Corp™.

All Union Savings affiliates can join the Solidarity Savings program. The program is not available to individual members of the union.

There are no fees. Unions can open an account, access their account and withdraw funds at no cost.

VCIB can open accounts virtually and unions can access their accounts online. The Solidarity Savings program is not available in Québec. We are working to build a similar program for Québec labour organisations.