Our Rates

Save with our low mortgage rates and earn higher returns with our competitive savings and GIC rates.

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Mortgage Rates

Mortgage rates apply to residential homes, cottages and qualifying residential rental properties.

*All rates and conditions subject to change without notice.

Residential Mortgages
Mortgage term
Interest rate
5 Year Variable Closed Mortgage
The 5 Year Variable Closed Mortgage has a variable interest rate, meaning the rate can fluctuate up or down with changes in economic/market conditions. However, your payment amount is fixed at the start of the 5-year term so it will not change.
Effective
Dec 1, 2022
5.05
%
Variable Open Mortgage
The Variable Open mortgage rate is variable, meaning that it can fluctuate up or down with changes in economic conditions/market environment. Your payment amount may change depending on the changes in interest rates.
Effective
Dec 1, 2022
5.95
%
Calculate my payment
Mortgage term
Interest rate
6 Month
Effective
Dec 1, 2022
4.60
%
1 year
Effective
Dec 1, 2022
4.80
%
2 year
Effective
Dec 1, 2022
5.00
%
3 year
Effective
Dec 1, 2022
5.10
%
4 year
Effective
Dec 1, 2022
5.55
%
5 year
Effective
Dec 1, 2022
5.50
%
Calculate my interest

GIC Rates

Earn a higher rate than your savings account, with a guaranteed return.

*All rates and conditions subject to change without notice.

GIC/RRSP/RRIF/TFSA
*Min deposit $1000
Term
Interest rate
1 year
Effective
Dec 1, 2022
4.50
%
2 year
Effective
Dec 1, 2022
4.60
%
3 year
Effective
Dec 1, 2022
4.70
%
4 year
Effective
Dec 1, 2022
4.80
%
5 year
Effective
Dec 1, 2022
5.00
%
Calculate my interest

GIC interest rates quoted are per annum, with interest calculated and paid on each 12 month anniversary date, and at maturity. Interest rates are guaranteed for the duration of the specified term. GICs are not redeemable prior to maturity.

3 Year Rate Climber

1st Year
4.35
%
2st Year
4.60
%
3rd Year
4.70
%

5 Year Rate Climber

1st Year
4.45
%
2nd Year
4.55
%
3rd Year
4.70
%
4th Year
4.90
%
5th Year
5.10
%

GIC interest rates quoted are per annum, with interest calculated and paid on each 12 month anniversary date, and at maturity. Interest rates are guaranteed for the duration of the specified term. GIC rate climbers are redeemable on each 12 month anniversary date and at maturity.

Account Rates

Earn daily interest and grow your chequing and savings balance.

Interest is calculated daily and paid monthly.

*All rates and conditions subject to change without notice.

Accounts

Premium Savings

Method of calculation
Interest rate is applied to entire balance in account.
Interest rate
On entire balance
Effective
Dec 1, 2022
2.90
%
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Business Premium Savings

Method of calculation
Interest rate is applied to entire balance in account.
Interest rate
On entire balance
Effective
Dec 1, 2022
2.50
%
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TFSA

Effective
Method of calculation
Effective
Interest rate
No items found.
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RRSP & RRIF Variable Rate Deposits

Method of calculation
Interest rate is applied to entire balance in account.
Interest rate
On entire balance
Effective
Dec 1, 2022
2.90
%
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Chequing Rates

Balance
Method of calculation
Interest rate is applied to entire balance in account.
Interest rate
$0 - $2,999
On entire balance
Effective
Dec 1, 2022
0.05
%
$3,000 - $4,999
On entire balance
Effective
Dec 1, 2022
0.10
%
$5,000+
On entire balance
Effective
Dec 1, 2022
0.15
%
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Platinum Investment Savings

Platinum Savings Account is no longer available; existing accounts have been grandfathered.
Balance
Method of calculation
On entire balance: Interest rate is applied to entire balance in account.

On this portion: Interest rate is applied to only this portion of the account balance
Interest rate
0 - $4,999
On entire balance
On this portion
Effective
Dec 1, 2022
0.05
%
$5,000 - $9,999
On entire balance
On this portion
Effective
Dec 1, 2022
0.10
%
$10k- $24,999
On entire balance
On this portion
Effective
Dec 1, 2022
0.15
%
$25k - $49,999
On entire balance
On this portion
Effective
Dec 1, 2022
0.20
%
$50k - $99,999
On entire balance
On this portion
Effective
Dec 1, 2022
0.25
%
$100k - $249,999
On entire balance
On this portion
Effective
Dec 1, 2022
0.45
%
$250,000+
On entire balance
On this portion
Effective
Dec 1, 2022
0.65
%
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Exchange Rates

*All rates and conditions subject to change without notice.

Exchange Rates
buy
US Currency
Effective
Dec 1, 2022
1.3625
sell
US Currency
Effective
Dec 1, 2022
1.3225



USD Account

Preferential USD exchanges available on transactions greater than $5,000 in US Dollar Accounts.

Members with USD accounts get preferential USD exchange rates of:

• 0.0025 for transactions of $5,000 - $25,000
• 0.0050 for transactions over $25,000

The premium/discount on buy/sell transactions will be applied on the exchange rate in effect on the date of the transaction.

Prime Rates

*All rates and conditions subject to change without notice.

Prime Rate
Type
Interest rate
Prime Rate
Effective
Dec 1, 2022
5.95
%