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Fall 2018 Newsletter.

Holiday Schedule.

Mortgage FAQs.

RRSP MAXIMIZER, Loan Application.

Consumer Identity Theft Checklist.

Investment Calculator shows the effects of inflation on investments and savings.

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Interest Rates as of:
November 15, 2021

 

 


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 0.00 $0 - $2,999
    0.05 $3,000-$9,999
    0.10 $10,000-$24,999
    0.15 $25,000-$59,999
    0.30 $60,000+
Savings      
Daily Interest monthly 0.10  
Premium semi-annual 0.25  
Secured quarterly 0.10  
Equity annually
(7/31)
0.25  
Summer annually (6/30) 0.25  
VIP annually 0.25  
Christmas Club annually (11/30) 0.25  
Teachers Funded Leave quarterly 0.95  
TFSA Variable monthly 0.40  

 

Term Deposits

 

Paid

Rate

Short Term (min. $500)    
30 to 59 days maturity 0.200
60 to 89 days maturity 0.250
90 to 179 days maturity 0.350
180 to 364 days maturity 0.450
Long Term (min. $500)    
1 year maturity 0.750
2 year maturity 0.850
3 year maturity 1.400
4 year maturity 1.500
5 year maturity 1.450
RRSP / RRIF / TFSA    
1 year maturity 0.750
15 to 21 months maturity 0.800
2 year maturity 0.850
3 year maturity 1.400
4 year maturity 1.500
5 year maturity 1.450
RRSP / RRIF Monthly $10,000 - $20,000 0.250
  $20,000 - $40,000 0.400
  $40,000+ 0.500
RRSP & RRIF Variable Rate Deposit   0.250

 

Mortgage Loans

  6 mo. 1 year 2 year 3 year 4 year 5 year
Fixed Rate - Open 7.000 6.000 6.000      
Fixed Rate - Closed 3.500 2.500 2.750 2.800 2.850 2.900
Variable Rate As low as
4.450
         
Meritline As low as 4.450%

 

Personal Loans

Variable Loan As low as:
6.450
Personal Line of Credit As low as:
6.450

 

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

New Vehicles from: 6.700
Used Vehicles from: 8.450

 

 

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2017 Ontario Educational Credit Union
Suite 1, 6435 Edwards Blvd. | Mississauga, Ontario Canada L5T 2P7 | Tel: (905) 795-1637