Our rates
At Northern, we pride ourselves on providing industry-competitive rates to our members.
Accounts
Mortgages
Borrowing
Investments
Accounts
| SUPERIOR SAVINGS | Rate |
|---|---|
| $0 - $4999.99 |
1.05
|
| $5000-$24,999 |
1.05
|
| $25,000-$59,999 |
1.05
|
| $60,000 + |
1.05
|
| TAX FREE SAVINGS ACCOUNT | Rate |
|---|---|
| $0 - $4999 |
1.05
|
| $5,000-$24,999 |
1.05
|
| $25,000-$59,999 |
1.05
|
| $60,000 + |
1.05
|
| GI-Savings Account Rates Effective: 2024-10-01 |
Rate |
|---|---|
| Below $15,000 |
1.25
|
| $15,000-$24,999 |
1.50
|
| $25,000-$49,999 |
2.00
|
| $50,000-$99,999 |
2.25
|
| $100,000+ |
2.50
|
| NORTHERN GROWTH SAVINGS (COMMERCIAL) | Rate |
|---|---|
| $0.00 - $19,999 |
1.05
|
| $20,001-$49,999 |
1.05
|
| $50,000-$99,999 |
1.15
|
| $100,000 + |
1.25
|
Mortgages
| CURRENT MORTGAGE RATES | Rate |
|---|---|
| 6 Month Open |
8.50
|
| 1-Year Open |
7.50
|
| 1-Year Closed |
6.59
|
| 2-Year Closed |
6.29
|
| 3-Year Closed |
5.99
|
| 4-Year Closed |
5.89
|
| 5-Year Closed |
5.69
|
| MORTGAGE SPECIALS | Rate |
|---|---|
| 5-Year Closed High Ratio |
4.39
|
| 5-Year Closed Conventional |
4.79
|
| 3 Year Closed High Ratio |
4.69
|
| 3 Year Closed Conventional |
4.89
|
| VARIABLE MORTGAGES | Rate |
|---|---|
| 5-Year Open |
7.45
|
| HOME EQUITY LINES OF CREDIT | Rate |
|---|---|
| Meritline |
5.95
|
Borrowing
| Prime | Rate |
|---|---|
| Northern Prime |
5.45
|
| LOANS | Rate |
|---|---|
| Student Loan |
5.70
|
| RSP Take Ten Loan |
6.45
|
| LINES OF CREDIT | Rate |
|---|---|
| Cash Secured Line of Credit |
5.45
|
| RSP Line of Credit |
5.45
|
Investments
| NON-REDEEMABLE GICs | Rate |
|---|---|
| 1-Year |
3.65
|
| 2-Year |
3.55
|
| 3-Year |
3.50
|
| 4 Year |
3.40
|
| 5-Year |
3.40
|
| 3-YEAR ESCALATOR | Rate |
|---|---|
| Year 1 |
2.90
|
| Year 2 |
3.20
|
| Year 3 |
4.30
|
| Average Yield to Maturity |
3.47
|
| 5-YEAR ESCALATOR | Rate |
|---|---|
| Year 1 |
2.80
|
| Year 2 |
2.90
|
| Year 3 |
3.00
|
| Year 4 |
3.20
|
| Year 5 |
4.80
|
| Average Yield to Maturity |
3.34
|
| MARKET LINKED GIC | Rate |
|---|---|
| 3 Year - Financial Services |
5%-30% (1.64%-9.14% annualized)
|
| 3 Year - Global Diversified |
5%-30% (1.64%-9.14% annualized)
|
| 5 Year Financial Services |
7.50%-Unlimited (1.46%-Unlimited annualized)
|
| REDEEMABLE GICs | Rate |
|---|---|
| 30-59 Days |
0.40
|
| 60-89 Days |
0.45
|
| 90-179 Days |
0.65
|
| 180-269 Days |
0.70
|
| 270-364 Days |
0.80
|
| 1-Year |
1.60
|
| 2-Year |
2.00
|
| 3-Year |
2.20
|
| 4-Year |
2.30
|
| 5-Year |
2.30
|
Rates are subject to change. Speak with your local branch for details.
Sign up for our newsletter
Interested in learning about Northern or our products?
© 2021 Northern Credit Union, Limited. All Rights Reserved