Rates
The following are the most current loan rates available. Rate information is updated frequently. Interest rates published here are considered to be our base rates. All published rates are subject to change without notice.
| Loan Rates |
| Home Equity Line of Credit |
Start at Prime + 1% |
| Loans |
3.50% to 18.00% |
| Fully Secured Loans |
Prime Rate |
| Mortgages |
| 1 Year Open |
6.75% |
| 1 Year Closed |
2.80% |
| 2 Year Closed |
3.09% |
| 3 Year Closed |
3.59% |
| 4 Year Closed |
3.89% |
| 5 Year Closed |
4.09% |
| |
|
Savings & Investment Rates
| Savings & Chequing Account Rates |
| Daily Interest Savings |
0.05% |
| U.S. Savings |
0.05% |
| Term + RRSP Deposits |
| 30 Days |
0.2000% |
| 60 Days |
0.2000% |
| 90 Days |
0.2000% |
| 120 Days |
0.2000% |
| 150 Days |
0.2000% |
| 180 Days |
0.2000% |
| Term + RRSP Deposits – Redeemable & Non-Redeemable |
| 1 Year |
.25-.90% |
| 2 Year |
1.05-1.30% |
| 3 Year |
1.35-1.60% |
| 4 Year |
1.45-1.70% |
| 5 Year |
1.75-2.10% |
| |
|
Daily Interest Account
Interest paid semi-annually on June 30 and December 31st. Interest is calculated on the lowest DAILY balance. This account is best for you if the balance of your savings account is expected to fluctuate, or if you need access to your savings for an emergency.
Share Deposit Account
With this savings account your rate of return is paid in the form of a “dividend” based on the profitability of Bay Credit Union. The dividend is paid after our Annual Meeting of the membership, which is held in November of each year. This rate of interest has typically been higher than the rate of return paid on our Daily Interest Savings account. Your rate of return will vary according to the profits earned by Bay Credit Union during the previous year. It is calculated on your lowest MONTHLY balance.
