Canadians deserve another way to bank
We reached out to Canadians on banking. And we heard clearly – “we don’t need another bank, we need another way to bank.” So like our name suggests, we prefer to do things a little differently.
Your money is secure
Rest assured your deposits are backed by one of the largest financial groups in the world.
Zag Bank is a Schedule I Bank in Canada and member of the Canada Deposit Insurance Corporation. We are wholly owned by Desjardins Group. Desjardins is the leading cooperative financial group in Canada and the sixth largest cooperative financial group in the world, with assets close to $260 billion. Counted among the world's strongest banks according to The Banker magazine, Desjardins has one of the highest capital ratios and credit ratings in the industry.
We believe banking should be easier
With no branches or costly overhead, we offer you great high interest savings rates and no ridiculous fees. And opening an account is simple and straightforward – all online – in less than 10 minutes. Our mobile and online banking services give you access to your funds whenever, or wherever you are. And when you have a question, feel free to chat, email, or give us a call - 24/7 – our client services team is happy to help.
Our No Nonsense High Interest Savings Rate
This is a great high interest savings rate – not a promo rate that goes down or may disappear. No limited time offer. No conditions. No minimum deposit amount. And it is offered to all our clients - new and existing. Our current ‘No Nonsense’ rate* is higher than some GIC rates in the market!
*Note: Rate is subject to change.