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USD Progress Account icon

USD Progress Account®

Grow your US dollars

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At a glance

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Current maximum interest rate1

Tiered, variable annual interest rate based on the account balance (See current rates)


 

 $5000

Minimum balance required to generate interest

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Perfect if you are looking to:

  • Benefit from a great exchange rate
  • Have a savings account that allows you to issue cheques

Open a savings account in three easy steps

 

Make an appointment

Make an appointment at the branch of your choice.

Meet with an advisor

Talk to one of our experts to get tailored advice.

Start saving

Start saving and benefit from the great features of this account!

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Already have an account with National Bank? Sign in now to open a savings account.

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Quick tip

Save without effort—set up automatic withdrawals at the interval you want.

The USD Progress Account includes:

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Online, mobile and telephone banking transactions

  • Account inquiries: balances, transaction history, etc.
  • eStatements

Branch transactions3

At National Bank branches

  • Withdrawals, transfers, withdrawals for bill payment:
    • USD 1.50 if balance is below USD 2,500
    • Free of charge with minimum balance of USD 2,500
  • Bill payments2: USD 2/bill

Other services and features

Cheques and pre-authorized debits

  • Cheques:
    • USD 1.25/cheque if balance is below USD 2,500
    • Free of charge with minimum balance of USD 2,500
  • Preauthorized debits: 
    • USD 1.25/transaction
    • Free of charge with minimum balance of USD 2,500

Complementary banking services

  • Personalized cheques: According to provider's rates
  • Paper statements by mail : USD 2.50/month/account
  • Online statement free of charge
  • Access to cheque images
  • Overdraft protection: USD 5/transfer (max. USD 5/day)
  • Bank drafts in foreign currency4:
    • USD 5,000 or less: USD 7.75/draft
    • Over USD 5,000: USD 12.50/draft
  • CAD bank drafts: USD 7.50/draft

Little details that matter

Additional information

With the USD Progress Account, transactions cannot be carried out at ABMs, through your online bank or with a debit card at points of service. However, you can track your transactions through National Bank online. Fees for this account are charged in USD. For more information on fees for National Bank's products and services, consult the Fee Guide.

The passbook option has not been available to new clients since May 4, 2015. If you are an existing client who uses a passbook with your account, a $2.50 monthly fee is charged.

Legal Disclaimers

TM The Progress Account and the Strategist Account are registered trademarks of National Bank of Canada.

® Registered trademark of Interac Inc. Authorized user: National Bank.

1. Interest is calculated at the end of each day on the total daily balance if it is USD 5,000 or more. No interest is paid if the total daily balance is less than USD 5,000. To find out the tiered interest rate, which is applicable based on the different tiers of account balances, see current rates. Interest is paid monthly. Rates are subject to change without notice.

2. Transactions carried out using our Automated Services or National Bank online.

3. Banking services usually provided at National Bank branches during normal business hours, including deposits, withdrawals, transfers, bill payments, foreign exchange transactions, purchase of travellers cheques or drafts and use of safety deposit boxes.

4. For USD bank drafts, applicable fees are in USD.

5. Interest is calculated at the end of each day on the total daily balance if it is $5,000 or more. No interest is paid if the total daily balance is less than $5,000. Interest is paid monthly. Rates are subject to change without notice.

6. A transfer of $10 or more from another account is required. Transfers can be made from more than one account. A $1.00 fee will apply if the transfer cannot be completed due to insufficient funds. Cheques and pre-authorized debits are not included with this account.

7. Interest is calculated at the end of each day on the total daily balance. Interest is paid monthly. Rates are subject to change without notice.

8. Interest is calculated at the end of each day on the total daily balance and is applied monthly. To find out the tiered interest rate, which is applicable based on the different tiers of account balances, see current rates. Rates are subject to change without notice.

Need more information? Explore our other savings accounts

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Minimum balance


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Ready to open a savings account?

Make an appointment with an advisor today.

Make an appointment

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