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What's New!
Tax-Free Savings Account:
Click HERE! to view our TFSA leaflet.
January will bring the new Tax Free Savings Account, you invest your money
at a competitive rate and you pay no tax on the interest earned when you
withdrawal the funds. We offer a savings section or for even better interest
rates, 1 to 5 year terms. You can deposit to the account with a payroll
deduction or you can borrow the money to enable you to deposit the maximum
$5,000. allowed each year.
We also have a new service offered on your ATM card. When you make a
purchase with your card you can have the purchase rounded up to the nearest
1.00 or 5.00, your choice. The change over and above the purchase will go to
a savings account where it will accumulate until you need it.
Overdraft protection:
Open a new chequing account and have direct deposit of your pay into the account and we will give you an automatic overdraft of $1,000.
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R a t e s
| Personal Loans |
 Both the fixed rate and variable rate loans have an interest rate calculated based on your credit worthiness. The better your credit worthiness the better your interest rate, we start at prime rate which is currently at 3.5% and add 3,4,5,6 or 7 basis points.
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The Overdraft rate is set at prime + 10.0%.
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| Investment Rates |
Savings Account @ .125%
Term Deposits
1 yr ..... 1.50% **
2 yr ..... 1.75%
3 yr ..... 2.00%
4 yr ..... 2.25%
5 yr ..... 2.75%
cashable term 1.00%
** best rate
TFSA Deposits
1 yr ..... 1.50%
2 yr ..... 1.75%
3 yr ..... 2.00%
4 yr ..... 2.25%
5 yr ..... 2.75%
Register Retirement Savings Plan
0 to 12 months ..... 1.50%
13 to 24 months ..... 1.75%
25 to 36 months ..... 2.00%
37 to 48 months ..... 2.25%
49 to 60 months ..... 2.75%
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A bonus of up to .25% may be added to the posted rates depending on the amount of the investment.
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| Service Fees |
| Loan application fee | $ | 100.00 |
| Overdraft protection fee | 100.00 annually |
| Unauthorized overdraft | 10.00 |
| RRSP withdrawl/transfer | 50.00 |
| Cheque withdrawl | 0.75 |
| Atm withdrawl (Exchange network) | free |
| Non exchange Atm withdrawl | 1.50 |
| Pos purchase | 0.75 |
| Non sufficient funds / late loan payments | 45.00 |
| Monthly statement with cheques returned | 5.00 |
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| *Internet banking | free |
| This includes transfers between accounts and all bill payments. |
| Chequing account service charge packages: |
| 1. | Pay as you go, $0.75 per debt. |
| 2. | $5.95 covers 20 debit transactions, $0.75 for transaction over 20. |
| 3. | $9.95 covers 40 debit transactions, $0.75 for transaction over 40. |
| 4. | $15.95 covers 60 debit transactions, $0.75 for transaction over 60. |
Rates are subject to change and may not be accurate, in branch rates will be the true rate if a discrepancy occurs. |
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