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Rates

Whether it’s borrowing, investing or foreign exchange, we offer competitive rates to you.

 

​Prime Rate

6.50%

Rate effective 2022-10-29

​Investing Rates

  12 Month 12 Month 24 Month 60 Month
  Redeemable Non-Non-Redeemable Non-Non-Redeemable Non-Non-Redeemable
$500 2.00% 4.70% 4.75% 4.40%
$25,000 2.75% 4.70% 4.75% 4.45%
$100,000 3.00% 4.70% 4.75% 4.50%

Non-Redeemable ​GIC – no early redemption

Redeemable GIC redemption policies

  • Prior to 30 days – No Interest Paid 
  • After 30 days – 2.25% Penalty to a minimum rate paid on the deposit of 0%

Personal

Non-Redeemable GIC (Rates effective 2022-11-18) Rates
30 - 59 Days 1.00%
60 - 89 Days 1.25%
90 - 119 Days 1.50%
120 - 179 Days 1.50%
180 - 269 Days 1.50%
270 - 364 Days 1.90%
1 Year 4.70%
18 Months 4.75%
2 Year 4.75%
3 Year 2.75%
4 Year 3.25%
5 Year 3.50%

 

Redeemable GIC (Rates effective 2022-11-07) Rates
30 - 59 Days  0.75%
60 - 89 Days 1.00%
90 - 119 Days 1.25%
120 - 179 Days 1.25%
180 - 269 Days 1.50%
270 - 364 Days 1.65%
1 Year 1.90%
2 Year 2.40%
3 Year 2.65%
4 Year 2.75%
5 Year 2.95%

 

Commercial

Commercial Member Redeemable GIC – 12 Month Term – Redeemable After 30 Days (Rates effective 2022-11-07) Rates
$1,000 - $49,999 2.10%
$50,000 - $99,999 2.85%
$100,000 and Over 3.10%​
​RRSP, RRIF, LIF, RESP Variable Accounts (Rates effective 2022-06-18) Rates
Savings Accounts 0.50%

 

RRSP, RRIF, LIF, RESP Term Deposits (Rates effective 2022-11-18) Rates
 6 - 11 months 1.00%
1 Year 4.70%
2 Year 4.75%
3 Year 2.75%
4 Year 3.25%
5 Year 3.50%​
​Tax-Free Savings Variable Account (Rates effective 2022-06-17) Rates
TFSA Savings Account 0.50%

 

Tax-Free Savings Account Non-Redeemable GIC (Rates effective 2022-11-18)
Rates
30 - 59 Days 1.00%
60 - 89 Days 1.25%
90 - 119 Days 1.50%
120 - 179 Days 1.50%
180 - 269 Days 1.50%
270 - 364 Days 1.90%
1 Year 4.70%
2 Year 4.75%
3 Year 2.75%
4 Year 3.25%
5 Year 3.50%

 

Tax Free Savings Account Redeemable Term (Rates effective 2022-11-07) Rates
30 - 59 Days 0.75%
60 - 89 Days 1.00%
90 - 119 Days 1.25%
120 - 179 Days 1.25%
180 - 269 Days 1.50%
270 - 364 Days 1.65%
1 Year 1.90%
2 Year 2.40%
3 Year 2.65%
4 Year 2.75%
5 Year 2.95%​

Borrowing Rates

​*The more EKC products and services (including EKC MWX and KIS) you have with EKC, the better your mortgage rate.

Rate Specials

1 Year Mortgage Special (Rates effective 2022-11-07) Rates
Fixed Rate Mortgage 1 Year Term - as low as* 5.89%

 

5 Year Mortgage Special (Rates effective 2022-11-07) Rates
Fixed Rate Mortgage 5 Year Term - as low as* 5.49%

 

3 Year Variable Rate Mortgage (Rates effective 2022-10-29) Rates
Prime for a 3 Year Term - as low as* 6.50%

 

Conventional Housing High Ratio CMHC(Rates effective 2022-11-07) Rates
First Mortgage - as low as* 6.11%
Second Mortgage - as low as* 7.11%

 

D/W and S/W Mobile Homes (Rates effective 2022-11-07) Rates
CMHC CLIP - as low as* 6.61%

 

Land-Only Mortgage (Rates effective 2022-11-07) Rates
Low Ratio First Mortgage - as low as* 7.11%

 

Posted Rates

1 Year Closed (Rates effective 2022-11-07) Rates
Fixed Rate First Mortgage 1 Year Term - as low as* 6.11%

 

2 Year Closed (Rates effective 2022-11-07) Rates
Fixed Rate First Mortgage 2 Year Term - as low as* 6.07%

 

3 Year Closed (Rates effective 2022-11-07) Rates
Fixed Rate First Mortgage 3 Year Term - as low as* 6.01%

 

4 Year Closed (Rates effective 2022-11-07) Rates
Fixed Rate First Mortgage 4 Year Term - as low as* 5.99%

 

5 Year Closed (Rates effective 2022-11-07) Rates
Fixed Rate First Mortgage 5 Year Term - as low as* 6.24%


*Final rate determined by all aspects of your application and your financial relationship with EKC.

Consumer Loans (Rates effective 2021-07-01) Rates
1 to 5 year terms 7.25%

 

Motorized Vehicle Loans (Rates effective 2022-07-26) Rates
3 to 5 year terms 

* For 2019 models or newer
* Some conditions apply
5.99%

 

MemberLine Lines of Credit (Rates effective 2022-09-08) Rates
Rates as low as Prime + 0.50% 6.50%​

 

Account Rates

​Member Advantage – Personal (Rates effective 2022-07-26) Rates
$0.00 - $9,999.99 0.20%
$10,000.00 - $99,999.99 0.60%
$100,000.00 - $199,999.99 0.65%
$200,000.00 and Over 0.70%

 

SuperSaver Account – Legacy Account (Rates effective 2022-06-17) Rates
All balances

0.01%

 

Golden Chequing Account (Rates effective 2022-06-17) Rates
All balances 0.01%

 

MasterPlan & PlanPlus Account (Rates effective 2022-06-17) Rates
$0.00 - $499.99 0.00%
$500.00 and Over 0.00%

 

MAXIMIZER® Account – Legacy Account (Rates effective 2022-06-17) Rates
$0.00 - $4,999.99  0.01%
$5,000.00 - $9,999.99 0.01%
$10,000.00 - $24,999.99 0.01%
$25,000.00 - $99,999.99 0.01%
$100,000.00 and Over 0.01%

 

iGROW (Rates effective 2022-06-17) RATES
$0.00 - $4,999.99 0.01%
$5,000.00 - $9,999.99 0.01%
$10,000.00 - $24,999.99 0.01%
$25,000.00 - $99,999.99 0.01%
$100,000.00 and Over 0.01%

 

U.S. Savings Account (Rates effective 2022-06-17) Rates
$0.00 - $4,999.99 0.00%
$5,000.00 - $9,999.99 0.00%
$10,000.00 - $24,999.99 0.04%
$25,000.00 - $99,999.99 0.04%
$100,000.00 and Over 0.04%

 

​Member Advantage – Commercial (Rates effective 2022-07-26) Rates
$0.00 - $9,999.99 0.25%
$10,000.00 - $99,999.99 0.65%
$100,000.00 - $199,999.99 0.70%
$200,000.00 - $1,000,000.00 0.75%
$ 1,000,000.00 and Over 0.80%

 

Strictly Business Account (Rates effective 2022-06-21) Rates
$0.00 - $4,999.99 0.00%
$5,000.00 - $9,999.99 0.00%
$10,000.00 - $24,999.99 0.00%
$25,000.00 - $99,999.99 0.00%
$100,000.00 and Over 0.00%

 

Service Plus Chequing Account – non-profit organizations (Rates effective (Rates effective 2022-06-21) Rates
All balances 0.01%

 

Business Savings Account (Rates effective 2022-06-21) Rates
$0.00 - $4,999.99 0.01%
$5,000.00 - $9,999.99 0.01%
$10,000.00 - $24,999.99 0.01%
$25,000.00 - $99,999.99 0.05%
$100,000.00 and Over 0.05%​

 

Commercial Member Redeemable GIC – 12 Month Term – Redeemable After 30 Days (Rates effective 2022-11-07) Rates
$1,000 - $49,999 2.10%
$50,000 - $99,999 2.85%
$100,000 and Over 3.10%​
 

Foreign Exchange

​Foreign Exchange (Rates effective 2022-11-28) EKC sells  EKC buys
U.S. cash 1.3754 1.2974

* Exchange rates subject to change

 
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​Ready to lock in your rate?

​Get in touch! Our team will be happy to help you get set up. 

 

​Financial calculators

​From mortgages to investments to currency conversion, our handy calculators will help you estimate how different rates influence your finances.

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