Better banking, better borrowing and better savings on interest costs
The All-In-One account1 allows you to combine your deposits, savings and debt into one easy-to-manage account.
More impact from your savings – instantly
Any savings that you deposit into your All-In-One account goes to work right away to instantly reduce your total debt - saving you much more in interest costs than you would make in interest earnings.
You also benefit from one of the best lending rates on the market (Prime2 + 1%), with no associated banking fees. Property appraisal and legal fees can apply. Any sub-account that has a credit balance earns a competitive interest rate.3
Easily keep track of your money
You can track your borrowing for specific items, like a car loan, vacation or home renovation, by setting up sub-accounts. Each sub-account is reported separately on your monthly statement. You even have the option to set up a sub-account with a separate bank card and predetermined spending limit – a great way to give your children a little independence, while giving you peace of mind.
Flexible borrowing and repayment terms to suit your needs
Borrow against the value of your home without having to apply for a new loan or wait for approval. Flexible repayment options allow you to pay only the minimum interest each month, up to your entire balance owing.
The All-In-One account lets you customize your mortgage financing. Choose to have your whole mortgage through your line of credit, or combine it with a fixed rate mortgage to help better protect against interest rate fluctuations. If you want to pay off your mortgage faster, the All-In-One account is fully repayable at any time, without any penalty.
Familiar everyday banking features
Enjoy the convenience of easy access, withdrawals, bill payments, deposits and transfers. Access your account by cheque, ATM, telephone or Direct Payment4.
A Sun Life Financial advisor is here to help
Discussing your plans, goals and needs with a Sun Life Financial advisor gives you the advantage of professional and objective advice on every aspect of your financial strategy. If you don’t have an advisor, visit Advisor Match today to find an advisor who revolves around you.
1 Banking products are provided by National Bank of Canada's Partnership Bank through a relationship with Sun Life Assurance Company of Canada and Sun Life Financial Distributors (Canada) Inc.
2 The prime rate is the annual variable interest rate posted from time to time by National Bank of Canada as a benchmark for setting interest on demand loans in Canadian dollars granted by National Bank of Canada.
3 Interest rate as of June 2, 2010 is 0.80% applicable to the portion of credit balance exceeding $5,000. No interest is paid on the portion under $5,000.
4 Subject to applicable fees.