Benefit Program

Scotiabank

OFA and Scotiabank have formed a partnership to offer preferred rates and special discounts on banking services for OFA members.

OFA member offer: Scotiabank’s partnership with OFA offers OFA members an exclusive package of personal and business banking products, plus services that provide more financial solutions, advice, tools and resources for your farm business.
 
  • 15% discount on monthly plan fees for ScotiaOne™ Account Plan for agriculture or ScotiaOne™ Account Plan for business
  • Five month fee waiver for Credit Line for agriculture or Overdraft Protection for business*
  • 0.25% discount off of standard rates for approved credit products (Credit Line for agriculture, Scotia Farm Mortgage Loan, Scotia Farm Improvement Loans/SFIL)*
  • Interest rate of Scotiabank prime for the first 6 months on approved ScotiaLine® for business VISA*** card*
  • Reimbursement of legal/appraisal costs for a Farm Mortgage or Scotia Flex® for agriculture product**
  • 0.25% bonus on posted rates for new personal or business (GICs)
  • Additional discounts for OFA members switching to Scotiabank
To access these services: Bring your OFA member card to your local Scotiabank branch or Commercial Client Relationship Manager.
*OFA members who already take advantage of these Scotiabank products will receive preferred OFA rates and pricing when renewing or when approved for new or additional Scotiabank products.
**Costs up to 0.5% of the new funds authorized to a maximum of $5,000 when approval is obtained.
***Visa Int/Lic. User The Bank of Nova Scotia
®Registered trademark of The Bank of Nova Scotia
™Trademark of The Bank of Nova Scotia

AgriInvest Program

OFA member offer: Reap up to $15,000 a year for your farm business with AgriInvest1, 2

Taking advantage of the government-sponsored AgriInvest matching contributions is easy, with a Scotiabank AgriInvest Deposit Account. Once you’re registered for AgriInvest and receive your Account Initiation Form and Deposit Notice, visit your Scotiabank branch to open a new account, with:

  • High daily interest3,4
  • Simple withdrawals5
  • No account maintenance or transaction fees

Maximize your matched contributions – Scotiabank can make it easy
Learn about how the ScotiaFlex® or Term Loan for agriculture can add more to your account. The higher matched contribution amount can easily offset the cost of borrowing.

For more details, click here to read the Scotiabank AgriInvest program brochure

To learn more about the Scotiabank AgriInvest Deposit Account and the offers available to OFA members, contact 1-866-267-4670 to book an appointment or visit your local Scotiabank branch.

Subject to maximums and guidelines as outlined in the AgriInvest Program: www.agr.gc.ca/agriinvest
In Quebec, AgriInvest is delivered provincially by La Financière agricole: http://www.fadq.qc.ca
Canada Revenue Agency will issue an earned interest income tax receipt every year.
Canadian dollar account only.  Funds eligible for deposit insurance through the Canada Deposit insurance Corporation: www.scotiabank.com/cdic
Restricted access through ScotiaCard(R), ScotiaOnLine(R), or TeleScotia - Scotia OnLine customers with AgriInvest accounts will be able to view the account balance only.
(R) Registered trademarks of the Bank of Nova Scotia.