| Foreign Exchange Rates | Buy Rate | Sell Rate |
|---|---|---|
| United States (Dollar) | 1.4319 | 1.3788 |
HMECU Rates
Rates compounded annually. Rates are subject to change without notice. In the event of a discrepancy, rates posted in branches will prevail.
| EVERYDAY OR BUSINESS SAVINGS | Rate |
|---|---|
| Everday or Business Savings | 0.05 |
| INVESTOR SAVINGS | Rate |
|---|---|
| Investor Savings - Less than $2,500 | 0.25 |
| Investor Savings - $2,500 or Greater | 0.45 |
| TFSA VARIABLE | Rate |
|---|---|
| TFSA Variable | 0.45 |
| FHSA VARIABLE | Rate |
|---|---|
| FHSA Savings | 4.00 |
| RRSP/RRIF VARIABLE | Rate |
|---|---|
| RRSP/RRIF Variable - Less than $2,500 | 0.25 |
| RRSP/RRIF Variable - $2,500 or Greater | 0.45 |
| USD SAVINGS | Rate |
|---|---|
| USD Savings - $2,500 or Greater | 0.10 |
Rates compounded annually. Rates are subject to change without notice. In the event of a discrepancy, rates posted in branches will prevail.
SHORT TERM RATES | Rate |
|---|---|
| Under 30 Days | 0.25 |
| 30-59 Days | 1.10 |
| 60-89 Days | 1.25 |
| 90-179 Days | 1.35 |
| 180-269 Days | 1.45 |
| 270-364 Days | 1.55 |
| Elite GIC Rate Special | Rate |
| 19 Month | 3.79 |
| LONG TERM RATES | Rate |
|---|---|
| 1 Year | 2.60 |
| 2 Year | 2.80 |
| 3 Year | 3.20 |
| 4 Year | 3.90 |
| 5 Year | 3.80 |
| USD Term Rate | Rate |
|---|---|
| 1 Year | 2.00 |
| Rate Riser Special | Rate |
|---|---|
| 1 Year | 2.90 |
| 2 Year | 3.20 |
| 3 Year | 3.50 |
| 4 Year | 4.00 |
| 5 Year | 4.50 |
*Annual Effective Rate 3.62% *Redeemable in full or partial withdrawal once each year on the investment anniversary date. |
| Flex N Grow Savings GIC/TFSA | Rate |
|---|---|
| < 30 Days | 0.25 |
| 30 - 89 Days | 1.00 |
| 90 - 269 Days | 2.10 |
| 270 - 365 Days | 3.75 |
| * Redeemable/Cashable in whole or partially after 30 days with interest reimbursement. *Annual Effective Rate 2.20% |
| FIXED RATE MORTGAGES | Posted Rate | Special Rate | |
|---|---|---|---|
| 1 Year Open | 9.50 | ||
| 1 Year Fixed | 7.09 | 5.99 | |
| 2 Year Fixed | 6.69 | ||
| 3 Year Fixed | 6.49 | 4.64 | |
| 4 Year Fixed | 6.09 | ||
| 5 Year Fixed | 6.09 | 4.59 |
| Mortgage Specials | Posted Rate | Special Rate | |
|---|---|---|---|
| 3 Year Fixed High Ratio | 6.49 | 4.29 | |
| 5 Year Fixed High Ratio | 6.09 | 4.39 |
*Must be CMHC or Sagen Insured
| PRIME RATE | Rate |
|---|---|
| HMECU Prime Rate |
6.75
|
| Merit Line Prime Rate | 5.90 |
| Overdraft Line of Credit Prime Rate |
18.00
|
| eGIC Rates | Rate |
| 1 Year | 2.70 |
| 2 Year | 2.90 |
| 3 Year | 3.30 |
| 4 Year | 4.00 |
| 5 Year | 3.90 |
| Elite GIC Rate Special | Rate |
| 19 Months | 3.79 |
Digital GICs are products which offer a competitive rate, and are only offered to members that use Internet Banking. Once a member is signed into Internet Banking, they can open an eGIC by using the Open Account functionality.
*Rates are subject to change without notice. In the event of a discrepancy, rates posted in branches will prevail.
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