UL Direct Account

HomeUL Direct Account

More advantageous than traditional banking accounts with minimal interest rates and maximum user fees!

UL Direct Saving Accounts allow you to put money aside for your short and middle term projects. Safe and flexible, they offer the opportunity to save  with easy access to your money.

UL Direct Saving Account advantages:

  • Higher interest rates than a banking account
  • No user fees
  • No cancellation fees
  • No minimum balance
  • Automatic savings available
  • No deposit limits
  • Available for non-registered deposits
  • 24/7 internet access
  • Phone access

Why opening a UL Direct Saving Account?

Make your savings grow

With higher interests rates than banking account paid monthly.

Save without efforts

With automatic contribution from your account, you can save for a trip, home improvements, studies or simply to fulfil your dreams.

Protect your deposits

With the deposit insurance protection of the Autorité des Marchés Financiers (AMF) in case of insurer’s insolvability up to $100,000.

Save more

You reached your sealing contribution to a Registered Retirement Savings Plan (RRSP) or your Tax-Free Saving Account (TFSA)? Keep saving without limits with UL Direct.

How to sign up

First, you need to register with our Client Service online or by phone by calling 1 800 567-0988 during business hours.

Next, you need to write a cheque made payable to UL Mutual (minimum $10) from your current chequing account and send it to us by mail with the registration form duly completed (online or by phone with the assistance of an agent) and signed.

After receiving the documents, we will use the cheque as a first deposit in your new UL Direct Savings Account. Plus, it will link your bank account to your UL Direct Savings Account so you can transfer money between these two accounts. Any subsequent transaction must be made online or by phone.


Interest is calculated daily and paid monthly.

Interest rate is subject to change at any time.

Click here to read the complete terms of the UL Direct Savings Account.

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