Rates

Rates

All rates subject to change at anytime without notice.

TERM DEPOSITS (Rates effective February 7, 2021)

30 days 0.10 1 year 0.55
60 days 0.15 2 year 0.60
90 days 0.20 3 year 0.70
180 days 0.20 4 year 0.80
270 days 0.20 5 year 0.90


RRSP (Rates effective February 7, 2021)

Variable 0.10 3 year 0.70
6 months 0.20 4 year 0.80
1 year 0.55 5 year 0.90
2 year 0.60


MORTGAGE RATES (Rates effective February 6, 2021)

Term Open Closed
6 month 3.75%
1 year Variable  4.70% 2.14%
1 year Fixed  6.30%
2 year 2.14%
3 year 2.09%
4 year 2.09%
5 year 1.94%


* Rate availability based on risk rating.
* For personal loans, please inquire within.


PRIME RATE

Effective April 4, 2020 the Prime rate decreased from 3.75% to 3.65% 

Effective March 19, 2020 the Prime rate decreased from 3.95% to 3.75% 


Effective March 6, 2020 the Prime rate decreased from 4.15% to 3.95% 


Effective October 25, 2018 the Prime rate increased from 4.05% to 4.15% 


Effective July 12, 2018 the Prime rate increased from 3.95% to 4.05% 

Effective Effective January 18, 2018 the Prime rate increased from 3.85% to 3.95%

 

 

Find Branch/ATM

Enter address, postal code or branch name

MemberNote

11 years ago MLCU developed a product in house that notifies members via an email and/or text message when their MemberCard is used. MemberNote3 is a newer version that keeps you connected to your account sending you messages when almost anything happens on your account. For more details, click here.