Loan Rates

Prime Rate (P) - 3.00%

Unauthorized Overdraft Rate - 24.00%

  Rate Special    Variable/Floating Rate                                 Fixed Rate

Closed               Open*           Closed*             Open*                                     Closed*

    5 yr                        5 yr                     5 yr                       1yr                   1 yr          2 yr          3 yr         4 yr          5 yr

Personal (Conventional & CMHC)

Business (Conventional)

**2.99%               P + 3.00%           P + 1.00%               6.75%               3.39%      3.49%      3.59%     3.79%     3.49%

Business (CSBFP)

Agriculture (Conventional)

Agriculture (CALA)

                                            N/A                 P + 4.00%                   *                      7.75%                    *             *               *              *             *

Mortgage Rates

                                            N/A                 P + 0.50%                N/A                       N/A                4.39%      4.49%      3.99%     4.79%     3.99%

              N/A                 P + 4.00%                   *                      7.75%                    *             *               *              *              *

                   N/A                 P + 3.00%                N/A                      N/A                 4.39%      4.49%      4.59%     4.79%     4.99%

Closed* = The mortgagor, when not in default, shall on renewal date have the privilege of prepaying any amount desired, without penalty.  If the term of the mortgage is for more than one year, the mortgagor will also have the privilege of prepaying 25% of the outstanding balance on or before the anniversary date without penalty.

Open* = The mortgagor shall have the privilege of, at any time, prepaying any amount desired, without penalty.

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* = member is risk rated to determine rate

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** subject to Loyalty Mortgage Conditions; Rate Special in effect from January 1, 2021 - June 30, 2021; subject to change

       RRSP Loan                Education Loan                    CSBFP                           CALA                   

         P + 2.00%                           P + 1.00%                            Same as above                 Same as above

Non-Mortgage Rates

Other than the non-mortgage rates listed directly above, we use a Rate Pricing Tool to determine the rate given

  • the Rate Pricing Tool rewards members for the strength of their financial situation

  • various factors are used to determine a competitive rate for each situation

 

Feel free to contact us to speak with one of our lenders to discuss scenarios to ensure you receive the best rate available.