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Mortgage rates

6-month convertible fixed mortgage

4.00%

4.00%
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1-year fixed mortgage (open)

6.00%

6.00%
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1-year fixed mortgage

2.32%

2.32%
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2-year fixed mortgage

2.32%

2.32%
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3-year fixed mortgage

2.32%

2.32%
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4-year fixed mortgage

2.32%

2.32%
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5-year fixed mortgage

2.32%

2.32%
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5-year fixed mortgage (high ratio)

2.32%

2.32%
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Variable rate mortgages

5-year variable mortgage (open)

4.45%

4.45%
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5-year variable mortgage

2.20%

2.20%
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5-year variable mortgage (high ratio)

2.20%

2.20%
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Fixed rate mortgages

Variable rate mortgages

6-month convertible fixed mortgage

4.00%

4.00%

1-year fixed mortgage (open)

6.00%

6.00%

1-year fixed mortgage

2.32%

2.32%

2-year fixed mortgage

2.32%

2.32%

3-year fixed mortgage

2.32%

2.32%

4-year fixed mortgage

2.32%

2.32%

5-year fixed mortgage

2.32%

2.32%

5-year fixed mortgage (high ratio)

2.32%

2.32%

5-year variable mortgage (open)

4.45%

4.45%

5-year variable mortgage

2.20%

2.20%

5-year variable mortgage (high ratio)

2.20%

2.20%

Long term non-redeemable GICs (RRSP)

1-year RRSP GIC

1.25%

1.25%
Open a GIC

3-year RRSP GIC

1.45%

1.45%
Open a GIC

18-month RRSP GIC

1.30%

1.30%
Open a GIC

4-year RRSP GIC

1.55%

1.55%
Open a GIC

2-year RRSP GIC

1.35%

1.35%
Open a GIC

5-year RRSP GIC

1.65%

1.65%
Open a GIC

Long term non-redeemable GICs (RRSP)

1-year RRSP GIC

1.25%

1.25%

Open a GIC

3-year RRSP GIC

1.45%

1.45%

Open a GIC

18-month RRSP GIC

1.30%

1.30%

Open a GIC

4-year RRSP GIC

1.55%

1.55%

Open a GIC

2-year RRSP GIC

1.35%

1.35%

Open a GIC

5-year RRSP GIC

1.65%

1.65%

Open a GIC

Long term non-redeemable GICs (TFSA)

1-year TFSA GIC

1.25%

1.25%
Open a GIC

3-year TFSA GIC

1.45%

1.45%
Open a GIC

18-month TFSA GIC

1.30%

1.30%
Open a GIC

4-year TFSA GIC

1.55%

1.55%
Open a GIC

2-year TFSA GIC

1.35%

1.35%
Open a GIC

5-year TFSA GIC

1.65%

1.65%
Open a GIC

Long term non-redeemable GICs (TFSA)

1-year TFSA GIC

1.25%

1.25%

Open a GIC

3-year TFSA GIC

1.45%

1.45%

Open a GIC

18-month TFSA GIC

1.30%

1.30%

Open a GIC

4-year TFSA GIC

1.55%

1.55%

Open a GIC

2-year TFSA GIC

1.35%

1.35%

Open a GIC

5-year TFSA GIC

1.65%

1.65%

Open a GIC

Long term non-redeemable GICs

1-year fixed rate GIC

1.20%

1.20%
Open a GIC

3-year fixed rate GIC

1.40%

1.40%
Open a GIC

18-month GIC

1.25%

1.25%
Open a GIC

4-year fixed rate GIC

1.50%

1.50%
Open a GIC

2-year fixed rate GIC

1.30%

1.30%
Open a GIC

5-year fixed rate GIC

1.60%

1.60%
Open a GIC

Long term non-redeemable GICs

1-year fixed rate GIC

1.20%

1.20%

Open a GIC

3-year fixed rate GIC

1.40%

1.40%

Open a GIC

18-month GIC

1.25%

1.25%

Open a GIC

4-year fixed rate GIC

1.50%

1.50%

Open a GIC

2-year fixed rate GIC

1.30%

1.30%

Open a GIC

5-year fixed rate GIC

1.60%

1.60%

Open a GIC

Long term non-redeemable GICs (RRIF)

1-year RRIF GIC

1.25%

1.25%
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3-year RRIF GIC

1.45%

1.45%
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18-month RRIF GIC

1.30%

1.30%
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4-year RRIF GIC

1.55%

1.55%
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2-year RRIF GIC

1.35%

1.35%
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5-year RRIF GIC

1.65%

1.65%
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Long term non-redeemable GICs (RRIF)

1-year RRIF GIC

1.25%

1.25%

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3-year RRIF GIC

1.45%

1.45%

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18-month RRIF GIC

1.30%

1.30%

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4-year RRIF GIC

1.55%

1.55%

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2-year RRIF GIC

1.35%

1.35%

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5-year RRIF GIC

1.65%

1.65%

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Escalator GICs

3-year escalator RRSP GIC

3-year escalator RRSP GIC

Year 1

1.20%

Year 2

1.35%

Year 3

1.80%

Yield

1.45%

Open a GIC

5-year escalator RRSP GIC

5-year escalator RRSP GIC

Year 1

1.40%

Year 2

1.50%

Year 3

1.60%

Year 4

1.75%

Year 5

2.00%

Yield

1.65%

Open a GIC

3-year escalator TFSA GIC

3-year escalator TFSA GIC

Year 1

1.20%

Year 2

1.35%

Year 3

1.80%

Yield

1.45%

Open a GIC

5-year escalator TFSA GIC

5-year escalator TFSA GIC

Year 1

1.40%

Year 2

1.50%

Year 3

1.60%

Year 4

1.75%

Year 5

2.00%

Yield

1.65%

Open a GIC

3-year escalator RRIF GIC

3-year escalator RRIF GIC

Year 1

1.20%

Year 2

1.35%

Year 3

1.80%

Yield

1.45%

Contact us

5-year escalator RRIF GIC

5-year escalator RRIF GIC

Year 1

1.40%

Year 2

1.50%

Year 3

1.60%

Year 4

1.75%

Year 5

2.00%

Yield

1.65%

Contact us

Escalator GICs are redeemable on each anniversary date.

Escalator GICs

3-year escalator RRSP GIC

3-year escalator RRSP GIC

Year 1

1.20%

Year 2

1.35%

Year 3

1.80%

Yield

1.45%

Open a GIC

5-year escalator RRSP GIC

5-year escalator RRSP GIC

Year 1

1.40%

Year 2

1.50%

Year 3

1.60%

Year 4

1.75%

Year 5

2.00%

Yield

1.65%

Open a GIC

3-year escalator TFSA GIC

3-year escalator TFSA GIC

Year 1

1.20%

Year 2

1.35%

Year 3

1.80%

Yield

1.45%

Open a GIC

5-year escalator TFSA GIC

5-year escalator TFSA GIC

Year 1

1.40%

Year 2

1.50%

Year 3

1.60%

Year 4

1.75%

Year 5

2.00%

Yield

1.65%

Open a GIC

3-year escalator RRIF GIC

3-year escalator RRIF GIC

Year 1

1.20%

Year 2

1.35%

Year 3

1.80%

Yield

1.45%

Contact us

5-year escalator RRIF GIC

5-year escalator RRIF GIC

Year 1

1.40%

Year 2

1.50%

Year 3

1.60%

Year 4

1.75%

Year 5

2.00%

Yield

1.65%

Contact us

Escalator GICs are redeemable on each anniversary date.

Short term non-redeemable GICs (TFSA)

30-day TFSA GIC

0.95%

0.95%
Open a GIC

180-day TFSA GIC

1.10%

1.10%
Open a GIC

60-day TFSA GIC

1.00%

1.00%
Open a GIC

270-day TFSA GIC

1.10%

1.10%
Open a GIC

90-day TFSA GIC

1.05%

1.05%
Open a GIC

Short term non-redeemable GICs (TFSA)

30-day TFSA GIC

0.95%

0.95%

Open a GIC

180-day TFSA GIC

1.10%

1.10%

Open a GIC

60-day TFSA GIC

1.00%

1.00%

Open a GIC

270-day TFSA GIC

1.10%

1.10%

Open a GIC

90-day TFSA GIC

1.05%

1.05%

Open a GIC

Short term non-redeemable GICs (RRIF)

30-day RRIF GIC

0.95%

0.95%
Contact us Contact us

180-day RRIF GIC

1.10%

1.10%
Contact us Contact us

60-day RRIF GIC

1.00%

1.00%
Contact us Contact us

270-day RRIF GIC

1.10%

1.10%
Contact us Contact us

90-day RRIF GIC

1.05%

1.05%
Contact us Contact us

Short term non-redeemable GICs (RRIF)

30-day RRIF GIC

0.95%

0.95%

Contact us Contact us

180-day RRIF GIC

1.10%

1.10%

Contact us Contact us

60-day RRIF GIC

1.00%

1.00%

Contact us Contact us

270-day RRIF GIC

1.10%

1.10%

Contact us Contact us

90-day RRIF GIC

1.05%

1.05%

Contact us Contact us

Other fees

Incoming wires

$10.00

Stop payment: partial details

$15.00

NSF fee

$45.00

Replacement debit card

$5.00

Accepted NSF

(Overdraft handling fee)

$5.00

Coverdraft

$2.00

Canadian Dollar (CAD) draft

$6.50

Bill payment trace

$10.00

Overdraft interest rate

21.00%

Post dated cheque held for deposit

$2.00

Closing account within 90 days of account opening

$25.00

Charge back

(Retail)

$0.00

Balance of account transfer

$15.00

Cheque sent on collection

$20.00

Inactive account fee

(Annualized fee)

$30/year

Stop payment: full details

$12.00

Cheque Order

(Additional orders starting at $40.56)

First 25 free

Other fees

Incoming wires

$10.00

Stop payment: partial details

$15.00

NSF fee

$45.00

Replacement debit card

$5.00

Accepted NSF

(Overdraft handling fee)

$5.00

Coverdraft

$2.00

Canadian Dollar (CAD) draft

$6.50

Bill payment trace

$10.00

Overdraft interest rate

21.00%

Post dated cheque held for deposit

$2.00

Closing account within 90 days of account opening

$25.00

Charge back

(Retail)

$0.00

Balance of account transfer

$15.00

Cheque sent on collection

$20.00

Inactive account fee

(Annualized fee)

$30/year

Stop payment: full details

$12.00

Cheque Order

(Additional orders starting at $40.56)

First 25 free

Legal
Mortgage and other loan rates are annual and subject to change without notice. Rates are current as of today’s date. All applicants must meet the motusbank lending criteria.

Mortgage APR:
1 year fixed closed 2.32% = 2.43% APR
2 year fixed closed 2.32% = 2.38% APR
3 year fixed closed 2.32% = 2.36% APR
4 year fixed closed 2.32% = 2.35% APR
5 year fixed closed 2.32% = 2.34% APR (conventional and high ratio)
5 year variable closed 2.20% = 2.22% APR (conventional and high ratio)

Interest on Savings and Chequing accounts is calculated on the closing daily balance and is paid monthly. Interest on GICs is calculated and accrued daily. To calculate the daily interest, we divide the annual interest by 365. We multiply that figure by the GIC book value to determine how much interest to accrue. Interest is paid on maturity for GICs that do not pay interest during their term.

HELOC: The rate is the Annual Percentage Rate (APR) and assumes no other cost of borrowing other than interest. The maximum rate for secured lines of credit and loans is 17.35%. On approved credit, rates are subject to change without notice. Quoted rates are based on blended payments of principal and interest.