The Social Impact Pooled Account is better banking for non-profits. At the end of each month, you will see a higher interest payment in your operational chequing account. This payment is calculated based on the average level of deposits over the previous month. Your organization keeps 90% of this higher interest, and 10% is transferred to Scale Collaborative to continue creating initiatives that support the needs of impact organizations. Plus, you will pay no fees for your regular monthly banking services.
POTENTIAL MONTHLY INTEREST PAYMENTS TO YOUR ACCOUNT:*
* Calculated as the average monthly bank balance multiplied by the Prime Lending Rate minus 1.85% (P-1.85%) multiplied by 90%.