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Another Way to Bank


What Zag Bank Offers

We’re a digital bank that offers our services online, the way our clients like to bank. Because we have no branch costs, we can provide exceptional value to all our clients with a superior savings rate and no-fee savings. This means your savings grow faster and more of your money stays in your pocket!  And, we have real people available 24/7 when you need help and support.

Mobile devices and desktop showing Zag Bank interfaces


Simple Products with Great Rates

Choose a High Interest Savings Account or a GIC.  These simple, straightforward products are both offered with RRSP and TFSA options.  

  • Our Zag Savings account gives you a great rate that stays competitive.  It's not a limited time offer or promotional rate that goes down after a few months or disappears.  And, it's available to all our clients - whether you’ve been with us since the start or are new to Zag Bank – with no minimum deposit.
  • Our Zag GICs offer competitive, predictable rates with a minimum deposit of $250.  Choose a term of 6 months to 5 years to match your savings goals. 

Easy No-Fee Savings

At Zag Bank, we don’t think you should pay fees to bank with your money. Here’s all the stuff you can do for free:

No Fees Banking Your Way Easy Account Open


Account Opening & Closing


Mobile & Online Banking


Online Statements

24/7 Customer Service No Fees Easy Transfer


Customized Automatic Alerts & Notifications 


Deposits by using SnapCheque or by Mail


Transfers between a Zag Bank Account to/from another Canadian Bank Account

Safety & Security

Zag Bank is a member of the Canada Deposit Insurance Corporation (CDIC). And we’re part of Desjardins Group, the largest cooperative financial group in Canada. So, you can take comfort in knowing that your money is in a safe place. And no matter how you choose to access your accounts, you can rely on our online security guarantee and count on us to provide security at all times.

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Safety & Security