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Interest Rates as of:
November 22, 2022


 

 


Savings & Loan Rates

The credit union offers a full range of loans and mortgages to its members. Rates are subject to change without notice. Please contact the credit union for current rates.

Demand Deposits

  Paid Rate Balance of:
Chequing      
Personal 1, Senior Package monthly 0.10 $0 - $2,999
    0.20 $3,000-$9,999
    0.30 $10,000-$24,999
    0.40 $25,000-$59,999
    0.50 $60,000+
Savings      
Daily Interest monthly 0.50  
Premium semi-annual 1.00  
Secured quarterly 0.10  
Equity annually
(7/31)
0.50  
Summer annually (6/30) 0.50  
VIP annually 0.50  
Christmas Club annually (11/30) 0.50  
Teachers Funded Leave quarterly 4.45  
TFSA Variable monthly 0.90  

 

Term Deposits

 

Paid

Rate

Short Term (min. $500)    
30 to 59 days maturity 1.000
60 to 89 days maturity 1.250
90 to 179 days maturity 1.500
180 to 364 days maturity 1.750
Long Term (min. $500)    
1 year maturity 4.000
2 year maturity 4.150
3 year maturity 4.400
4 year maturity 4.300
5 year maturity 4.350
RRSP / RRIF / TFSA    
1 year maturity 4.000
15 to 21 months maturity 4.100
2 year maturity 4.150
3 year maturity 4.400
4 year maturity 4.300
5 year maturity 4.350
RRSP / RRIF Monthly $10,000 - $20,000 0.500
  $20,000 - $40,000 0.650
  $40,000+ 0.750
RRSP & RRIF Variable Rate Deposit   0.250

 

Mortgage Loans

  6 mo. 1 year 2 year 3 year 4 year 5 year
Fixed Rate - Open 7.500 7.000 7.000      
Fixed Rate - Closed 6.300 5.490 5.590 5.690 5.890 6.190
Variable Rate As low as
5.950
         
Meritline As low as 5.950%

 

Personal Loans

Variable Loan As low as:
9.450
Personal Line of Credit As low as:
9.450

 

Vehicle Loans
(minimum. $5,000 Secured by vehicle)

New Vehicles from: 8.450
Used Vehicles from: 10.450

 

 

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2022 Ontario Educational Credit Union
Suite 1, 6435 Edwards Blvd. | Mississauga, Ontario Canada L5T 2P7 | Tel: (905) 795-1637