Rates
You work hard for your money. So do our rates.
Explore our competitive rates across a range of financial products, or contact a YNCU wealth expert for more information.
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About
| PRIME RATE | Rate |
|---|---|
| YNCU Prime |
5.45
|
| CF Prime (legacy prime not applicable to new credit) |
6.45
|
FOREIGN EXCHANGE
SAVINGS ACCOUNT
TERM DEPOSITS
RRSPS AND TFSAS
MORTGAGES
PERSONAL LOANS
Foreign Exchange
Travelling soon? Explore our competitive foreign exchange rates.
Other foreign currencies are available for purchase. Please contact your branch two (2) business days in advance to place your order.
| Foreign Exchange Rates | Buy Rate | Sell Rate |
|---|---|---|
| US Cash - $0-100,000 |
1.4686
|
1.4086
|
NOTE: Foreign exchange rates change with market fluctuation. Please contact your branch for up-to-date information.
*Buying = member pays Canadian. Selling = member receives Canadian
Savings Accounts
Choose from savings accounts for the everyday, all the way up to more unique investments like our Combination Savings account and more. Enjoy great rates and above all, the comfort of knowing your money is always growing. It’s a nice feeling.
Interest is calculated daily and paid monthly for all YNCU Savings Accounts.
Interest is calculated daily and paid monthly for all YNCU Savings Accounts.
| Simply Everyday Savings | Rate |
|---|---|
| All balances |
0.10
|
| High Interest Savings Account | Rate |
|---|---|
| Up to $4,999 |
0.10%
|
| $5,000 and over |
1.25%
|
| Emergency Savings Account | Rate |
|---|---|
| Up to $15,000 |
2.05%
|
| First Home Savings Account | Rate |
|---|---|
| Up to $8,000 |
1.25%
|
| Combination Savings Account | Rate |
|---|---|
| Up to $4,999 |
0.05%
|
| $5,000 - 99,999 |
2.20%
|
| $100,000 - 249,999 |
2.30%
|
| $250,000 - 499,999 |
2.40%
|
| $500,000 and over |
2.50%
|
Term Deposits
Saving doesn't have to be complicated. Whether you're squirrelling away cash for a rainy day or have a clear goal in mind, build your savings wisely with our range of Term Deposits.
Limited Time Offers
| 5-Month GIC* | Rate |
|---|---|
| On new registered deposits. Min. $1,000 deposit. |
5.00%
|
*Offer is available for a limited time and is subject to change without notice. The 5.00% rate on the 5-month special is applicable only to new registered deposits (TFSA, RRSP, FHSA) with a minimum deposit of $1,000. Transfers from existing registered deposits within YNCU are not eligible for this promotion. Contributions to existing registered plans are eligible only for the amount of new funds contributed. Other conditions may apply. Please contact YNCU for full details.
| 5-Year GIC Special | Rate |
|---|---|
| Min. deposit of $1,000 |
3.50%
|
| 1 YEAR DEPOSIT - REDEEMABLE AFTER 30 DAYS | Rate |
|---|---|
| Deposit of $1,000-19,999 |
2.05%
|
| Deposit of $20,000-99,999 |
2.10%
|
| Deposit of $100,000 + |
2.15%
|
| LONG TERM DEPOSITS | Rate |
|---|---|
| 1 Year: $1,000-19,999 |
3.55%
|
| 1 Year: $20,000-99,999 |
3.60%
|
| 1 Year: $100,000 and over |
3.65%
|
| 2 Year: $1,000-19,999 |
3.45%
|
| 2 Year: $20,000-99,999 |
3.50%
|
| 2 Year: $100,000 and over |
3.55%
|
| 3 Years: $1,000-19,999 |
3.35%
|
| 3 Years: $20,000-99,999 |
3.40%
|
| 3 Years: $100,000 and over |
3.45%
|
| 4 Years: $1,000-19,999 |
3.10%
|
| 4 Years: $20,000-99,999 |
3.15%
|
| 4 Years: $100,000 and over |
3.20%
|
| PAY YOURSELF FIRST GIC | Rate |
|---|---|
| 1 Year |
3.00%
|
| STEP UP GIC - ESCALATING RATE, 3 YEAR | Rate |
|---|---|
| 1st Year |
3.05%
|
| 2nd Year |
3.25%
|
| 3rd Year |
4.05%
|
| Average Yield |
3.45%
|
| STEP UP GIC - ESCALATING RATE, 5 YEAR | Rate |
|---|---|
| 1st Year |
3.05%
|
| 2nd Year |
3.33%
|
| 3rd Year |
3.30%
|
| 4th Year |
3.30%
|
| 5th Year |
4.00%
|
| Average Yield |
3.40%
|
| MARKET-LINKED GIC - GREEN NEIGHBOURHOODS* | Rate |
|---|---|
| 3 Years - Maximum Annual Compound Rate |
8.58%
|
| 3 Years - Maximum Cumulative Return |
28.00%
|
| 5 Years - Maximum Annual Compound Rate |
8.45%
|
| 5 Years - Maximum Cumulative Return |
50.00%
|
*Actual rates of return may vary. Up to the issue date, your investment generates interest at a max annual compound rate of return of 8.58% (3 Year Term) and 8.45% (5 Year Term). Between the issue date and the maturity date, the return is based on variations in the benchmark prices, up to a maximum cumulative return of 28.00% at the end of a 3 Year Term and 50.00% at the end of a 5 Year Term.
| MARKET-LINKED GIC - DIVERSITY SERIES** | Rate |
|---|---|
| 3 Years - Maximum Annual Compound Rate |
10.52%
|
| 3 Years - Maximum Cumulative Return |
35.00%
|
| 5 Years - Maximum Annual Compound Rate |
10.93%
|
| 5 Years - Maximum Cumulative Return |
68.00%
|
**Actual rates of return may vary. Up to the issue date, your investment generates interest at a max annual compound rate of return of 10.52% (3 Year Term) and 10.93% (5 Year Term). Between the issue date and the maturity date, the return is based on variations in the benchmark prices, up to a maximum cumulative return of 35.00% at the end of a 3 Year Term and 68.00% at the end of a 5 Year Term.
RRSPs and TFSAs
Invest in your future and take advantage of the tax benefits associated with registered funds. Compare your options for a Registered Retirement Savings Plan (RRSP) or Tax Free Savings Account (TFSA).
| LONG TERM DEPOSITS | Rate |
|---|---|
| 1 Year: $1,000-19,999 |
3.55%
|
| 1 Year: $20,000-99,999 |
3.60%
|
| 1 Year: $100,000 and over |
3.65%
|
| 2 Year: $1,000-19,999 |
3.45%
|
| 2 Year: $20,000-99,999 |
3.50%
|
| 2 Year: $100,000 and over |
3.55%
|
| 3 Years: $1,000-19,999 |
3.35%
|
| 3 Years: $20,000-99,999 |
3.40%
|
| 3 Years: $100,000 and over |
3.45%
|
| 4 Years: $1,000-19,999 |
3.10%
|
| 4 Years: $20,000-99,999 |
3.15%
|
| 4 Years: $100,000 and over |
3.20%
|
Mortgages - Residential
Finding the right mortgage isn't just about getting a great rate. You also need a solution that offers you the flexibility to achieve your financial goals.
*Some conditions apply - see branch for more details.
Limited Time Offers
| Mortgage Specials - Conventional | Rate |
|---|---|
| 1 Year |
6.99%
|
| 2 Years |
6.39%
|
| 3 Years |
4.89%
|
| 4 Years |
5.79%
|
| 5 Years |
4.79%
|
| 7 years |
5.99%
|
| Mortgage Specials - Insured | Rate |
|---|---|
| 1 Year |
6.99%
|
| 2 Years |
6.19%
|
| 3 Years |
4.89%
|
| 4 Years |
5.69%
|
| 5 Years |
4.49%
|
*Terms and conditions apply. Subject to approved credit. Alternate rates available. Rates subject to change at any time without notice. Contact YNCU for details.
We offer Fixed or Variable rates on a variety of mortgage products to suit your needs. Let's find out which option is right for you!
FIXED RATE MORTGAGE
-
Your rate is locked in for the duration of your term so you don't have to worry about fluctuating interest rates.
-
The interest rate is typically higher than you would see on a variable rate mortgage.
VARIABLE RATE MORTGAGE
-
Linked to the YNCU Prime rate, your rate will rise and fall with changes in the market.
-
Interest rates are typically lower than you would get with a fixed rate mortgage.
-
Convertible variable rate mortgages can be converted to a fixed rate mortgage with a term equal or greater and Open variable rate mortgages can be converted to any term, any time without penalty.
Interest rates vary, book an appointment with a Financial Services Representative or visit your local branch to discuss your personal loan options today!
Personal Loans
Whether you're looking to fund an upcoming expense or need an ongoing line of credit, there is a YNCU loan that's right for you.
| PRIME RATE | Rate |
|---|---|
| YNCU Prime |
5.45
|
| CF Prime (legacy prime not applicable to new credit) |
6.45
|
We offer Fixed or Variable rates on secured and unsecured loan products. Let's find out which option is right for you!
FIXED RATE LOAN
-
You'll know the exact payment amount you will be making each month for the duration of your loan.
-
Your rate is locked in for the duration of your term so you don't have to worry about fluctuating interest rates.
-
We only ask for a minimum monthly payment, so you can pay as much as you wish each month.
-
You have the option to switch to a variable rate loan at any time without penality.
VARIABLE RATE LOAN
-
Benefit from a generally lower rate than what is available on fixed rate loans.
-
Linked to the YNCU Prime rate, your rate will rise and fall with changes in the market.
-
If interest rates rise, your payments typically stay the same, but your amortization term will increase.
-
If interest rates fall, your payments will stay the same, but your amortization period will decrease.
-
We only ask for a minimum monthly payment, so you can pay as much as you wish each month.
Interest rates vary,
book an appointment with a Financial Services Representative or
visit your local branch to discuss your personal loan options today!
Mortgages
Your dream home starts with the right mortgage.
Mortgages
Your dream home starts with the right mortgage.
Investing
Sure, money can't buy happiness. But it can accrue it.
Investing
Let’s reach your financial goals. Your future is worth it.
2024 Your Neighbourhood Credit Union Limited. All rights reserved.
Your Neighbourhood Credit Union (YNCU) is a licensed credit union operating in, and under the laws of, the province of Ontario. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA) .
