First Home Savings Account

Introducing the FHSA

This Canadian Government registered plan is designed specifically to help you save for your first home, tax-free. 

When you open an FHSA with Sunshine Coast Credit Union and start making deposits, it activates a contribution towards Affordable Housing Initiatives in the community, fostering a healthier housing economy for all.

Now that’s a full-circle moment!

How does the FHSA work?

The FHSA combines the tax advantages of an RRSP and a TFSA while allowing people to save for their first home. 

Like an RRSP, contributions to an FHSA are tax-deductible, so the same amount you contribute can be deducted from your taxable earnings. You can save up to $40,000 tax-free! Read more about FHSAs here.

All of our special rates are FHSA eligible. Want to know which registered product is right for you? Compare them now!

Foster a healthier housing economy.

Cover The Coast is a Sunshine Coast Affordable Housing Society initiative that will build on the efforts of local housing providers, community organizations, local government, and private sector developers to provide safe and affordable housing that meets the diverse and changing needs of the southern Sunshine Coast.

Cover the Coast focuses on research, analysis, advocacy, community engagement, capacity building and facilitating collaboration between community organizations, private sector, and government.

Get Started

Don’t delay! Open your FHSA today.

Call today to get started: 604-740-2662


Open your account online in just a few easy steps!

Want great rates? Discover these specials:

1-Year Non-Redeemable


3-Year Non-Redeemable


5-Year Non-Redeemable


We keep your money safe.

Deposits are 100% insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC). To find out more about this coverage, visit the CUDIC website or ask us for more details.


  • Limited time offer; Rate subject to change without notice. Minimum deposit $500.
  • Short terms and 1-year terms pay interest at maturity date. Two to five-year terms pay interest annually on the anniversary date. Non-redeemable terms are not cashable. Early redemption to be approved as an exception at no interest.
  • Products, features and rates are subject to change without notice. In the event of a discrepancy between the rates posted on this website and the official rates posted in our branches, the latter shall prevail.
  • New funds are defined as any new funds deposited in the last 30 days. Funds that have left SCCU and returned within the 30 days are not considered new funds.
  • All Special terms may be removed without notice. Rate request can hold rates for up to 7 days