5.1% First Home Savings Bundle Offer Rate Image

Start with a great rate on an FHSA

Your journey to homeownership starts with the First Home Savings Account, a registered savings plan designed to help first-time home buyers. Enjoy tax benefits while you save with a great rate from BlueShore.

The basics:

  • $8,000 annual tax-deductible contribution limit
  • $40,000 lifetime tax-deductible contribution limit
  • 15 years of tax-free savings
  • Deposits 100% guaranteed† 

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Build a bundle and save for your first home with everyday banking

Can your daily banking help you save for a first home? We think so. With the First Home Savings Bundle, enjoy our best rates to accelerate your down payment savings and benefit from a suite of essential and personalized services.

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Bonus rates on term deposits

Grow your down payment with bonus rates on redeemable and non-redeemable term deposits1 exclusive to the First Home Savings Bundle. Select from a range of options then lock in the rate and term that best fits your needs.

When making your first home purchase, redeem your deposits with interest on a down payment for your home mortgaged with BlueShore.2

Term Deposit Bonus Rates1

1-Year FLEXTerm4.00%3-Year non-redeemable4.65%
1-Year non-redeemable5.10%4-Year non-redeemable4.65%
2-Year non-redeemable5.00%5-Year non-redeemable4.50%

Unlimited Chequing Account

Enjoy peace of mind and flexibility with everyday unlimited banking, while you save for your first home.

  • Flat monthly fee of $14, waived with a minimum monthly balance3
  • Unlimited transactions, including Interac® e-Transfers
  • No-fee overdraft protection
  • $1.25 credit for each payroll deposit (up to $60/year)

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World or World Elite Mastercard®

Enjoy a premium card to suit your lifestyle with up to $170 in value on a new Collabria World or Cash Back World Elite Mastercard® with a limited, one-time offer of:

  • $120 annual fee refunded 
  • 5,000 Welcome Points♦♦ ($50 value)

Earn and redeem points on your everyday spending, with ease. 

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New Client Welcome Bonus

Receive up to $450 when you sign up for the First Home Savings Bundle at BlueShore. Bonus details include:

  • $200 when opening an Unlimited Chequing account
  • $250 when opening a term deposit with a minimum contribution

Terms and conditions apply.

New Client Bonus of $450**


Start saving for your first home today 


Complete this form and a BlueShore representative will contact you, or click the Live Chat icon to begin a chat.

By Phone

Phone: 604.982.8000
Toll-free: 1.888.713.6728

Solution Centre Hours:
Mon to Fri 8am-8pm
Sat 9am-5pm

In Person

Visit a branch near you to take advantage of this offer.

* Terms and conditions apply. Rates and offer are subject to change without notice at any time.

1Exclusive to clients with an Unlimited Chequing account and an FHSA contribution with BlueShore. Also eligible on TFSA, RRSP, and other registered accounts.

2Non-redeemable term deposits may be withdrawn when used towards a downpayment for a home that is mortgaged with BlueShore Financial and the interest on the deposits will be at the rate stated on the receipt up to the date of withdrawal [unless withdrawn within 29 days of the opening date of deposit].”

3$14 per month account fee waived with $5,000 minimum monthly account balance.

‡ Welcome Bonus Eligibility and Payout:


A.    $200 when opening an Unlimited Chequing account with:

  • Set up a direct deposit with 3 consecutive deposits (i.e. payroll) AND
  • Complete either two pre-authorized payments within 120 days of account opening (i.e. mortgage or rent payments), OR two bill payments of at least $50 each within 120 days of account opening (i.e. phone or utility bill).

B.    Another $250 when:

  • Making an FHSA contribution to any FHSA product (Savings, FlexTerm or 1 – 5 year TD) within 120 days of account opening AND
  • Opening any term deposit product with a minimum $3,000 contribution within 120 days of account opening.

The second bonus of $250 (B) is dependent on satisfying the qualifying criteria of the first $200 bonus (A).

Cash bonus will be credited to the Unlimited Chequing account within 180 days of account opening.

♦The World and Cash Back World Elite Mastercard annual fee rebate is available to new and existing clients with an Unlimited Chequing account and an FHSA contribution with BlueShore. Upgrades from other Collabria products to a World or World Elite card are also eligible. The one-time annual fee rebate is for the primary card (not secondary cardholder) and is credited to the Unlimited Chequing account within two statement cycles from activation and first purchase. The 1-year annual fee rebate offer is subject to credit approval by Collabria Financial Services Inc. New cards must be approved by December 31, 2024 and activated by January 31, 2025.

♦ ♦ The 5,000 Welcome Points offer applies to new World or Cash Back World Elite applications that are approved, system activated, and complete a first purchase transaction before December 31, 2024.

†Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC)

®The BlueShore Collabria Mastercard is issued by Collabria Financial Services Inc. pursuant to a license from Mastercard International Incorporated. Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated.