Innovation Federal Credit Union
A secure, easy-to-use online banking account with no hidden fees
Overview
No detailed description available.
Founded
2007
Members
67562
Assets
$4 billion
Branches
28
Current Rates
Verified (Official Source)· Last checked Apr 16, 2026 (2d ago)
High Interest Savings0.60%up to
1-Year GIC3.00%
3-Year GIC3.10%
5-Year Fixed Mortgage4.45%
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 3.00% |
| 3-Year GIC | 3.10% |
| 5-Year GIC | 3.20% |
Pros
- • Competitive GIC rates (3.0% on 1-year terms)
- • Solid mobile and online banking with Interac e-Transfer
- • Surcharge-free ATM access through THE EXCHANGE Network
- • Open to all Canadians — easy to join
Cons
- • Smaller institution — fewer specialized product tiers than major banks
Best For
Residents of SK looking for a local banking alternativeMembers wanting full-service banking with investment options
Products & Accounts
Chequing
Savings
GICs
RRSP
TFSA
RRIF
Mortgages
Personal Loans
Credit Cards
Business
Investments
Insurance
Membership Eligibility
StatusOpen to All
Typically excludes Quebec residents. Verify directly with this credit union.
Requirements:
Open to all Canadians
Federally regulated credit union open to all Canadian residents.
Membership Share (Fee)$5 share purchase
Deposit Protection
Insuring Body
CUDGC
Coverage Limit
Unlimited
Credit Union Deposit Guarantee Corporation (CUDGC) provides unlimited deposit protection on all deposits at Saskatchewan credit unions.
Digital & Access
- Mobile App
- Online Banking
- Interac e-Transfer
- ATM NetworkTHE EXCHANGE Network
- Digital Ratinggood
About This Data
Rate and eligibility data is gathered from official credit union websites and verified comparison sources. Always verify rates directly on the official website before making financial decisions.
Official Website