The Social Impact Pooled Account (SIPA)
Better banking for non-profits
theDock is pleased to partner with Coast Capital to offer a high-interest, no-fee Social Impact Pooled Account for non-profits and charities.
As a non-profit banking member, you will receive a much higher interest rate on your operating account and pay no monthly banking charges, allowing you to invest more in your organization and your community work.
How it Works
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 theDock 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 payment to your accounts:*
* Calculated as the average monthly bank balance multiplied by the Prime Lending Rate minus 1.85% (P-1.85%) multiplied by 90%.
JOIN THE SOCIAL IMPACT POOLED ACCOUNT AND START ACCESSING THESE BENEFITS RIGHT AWAY!
Learn more about the Social Impact Pooled Account or join today! Please contact Lee Herrin at lherrin@scalecollaborative.ca or call (778) 265-4745.
Enrolment is fast and easy for Coast Capital members. If you are considering switching your banking services to Coast Capital to take advantage of this opportunity, contact us to be put in touch with the appropriate representative to discuss your organization’s banking needs.
Thank you to Coast Capital for partnering with Scale Collaborative to offer a high-interest, no-fee
Social Impact Pooled Account for non-profits and charities.