Fine Print

Mortgage Special Official Terms and Conditions (2- and 3-year Fixed)

The mortgage rate offer is only available on 2- and 3-year fixed mortgages with an amortization of 25 years or less.  All mortgage applications are subject to additional restrictions and conditions, credit approval and must be funded within 120 days of the application date. This offer may be changed or withdrawn at any time, without notice and cannot be combined with any other offers.

• The mortgage rate offer is only available for a 2- and 3-year fixed terms with an amortization of 25 years or less.
• The mortgage loan must be funded within 120 days of the application date.
• The mortgage rate offer is not available in combination with any other mortgage offers. Other conditions and restrictions apply. Offer subject to credit approval and may be changed or withdrawn at any time, without notice.

Mortgage Special Official Terms and Conditions (5-year Fixed)

The mortgage rate offer for a high-ratio 5-year fixed mortgage is 4.59%. The mortgage rate offer for a conventional 5-year fixed mortgage is 4.79%. The mortgage rate offer is only available for mortgages  with an amortization of 25 years or less.  All mortgage applications are subject to additional restrictions and conditions, credit approval and must be funded within 120 days of the application date. This offer may be changed or withdrawn at any time, without notice and cannot be combined with any other offers.

• The mortgage rate offer for a high-ratio 5-year fixed mortgage is 4.59%.
• The mortgage rate offer for a conventional 5-year fixed mortgage is 4.79%.
• The mortgage rate offer is only available for a 5-year fixed term with an amortization of 25 years or less.
• The mortgage loan must be funded within 120 days of the application date.
• The mortgage rate offer is not available to mortgage brokers.
• The mortgage rate offer is not available in combination with any other mortgage offers. Other conditions and restrictions apply. Offer subject to credit approval and may be changed or withdrawn at any time, without notice.

Closing Costs

• The offer will cover closing costs up to a maximum amount of $1,000.
• The fees covered include a FCT appraisal and WFCU closing costs only. The offer will not cover costs, fees and/or penalties incurred at another financial institution.
• The offer is only available on mortgages transferred from another financial institution or a re-finance of a mortgage from another financial institution. The offer is not available on new home purchases or re-financing of a mortgage currently held by WFCU.
• The offer is only available on personal residential properties.
• The mortgage loan must have a principal amount of $100,000 or greater.
• The offer is only available on a 3-year fixed mortgage term or greater.
• The offer is available on mortgage applications received and approved between September 25, 2024 and December 31, 2024.
• The mortgage loan must be funded within 120 days of the application date.
• This offer is not available to mortgage brokers.
• The offer is not available in combination with any other mortgage offers.  Other conditions and restrictions apply. Offer subject to credit approval and may be changed or withdrawn at any time, without notice.

The ECU Switch and Save Offer is available to any new or existing members who open a new ECU Eva Diamond Chequing Account with a minimum deposit of $250; set up a minimum of one (1) automatic bill payment and complete one of the following items within 7 days of the date their Eva Chequing Account was opened:

1. Set up a minimum of one (1) pension direct deposit, or
2. Set up a minimum of one (1) payroll direct deposit.

Once all qualifying items have been met, the account must remain open and in good standing for 365 days from the time of opening to continue to have the monthly fee ($10.00, $5.00 for members 59+, $5.00 for members 26-28) waived. If any of the qualifying items are not met during the 365 day period, the member will be charged the associated monthly fees.

This offer cannot be combined with any other Eva Chequing Account Offer at any point during the 365 day period and is limited to one (1) Eva Diamond Chequing Account per member. Offer may be changed, extended, or cancelled anytime without notice.

The Fixed 1 Year Term Rate (“Special Interest Rate”) only applies to fixed 1 year term investments.

The Special Interest Rate is available to new and existing members who purchase or renew their fixed term investment between December 20, 2024, and March 15, 2025 (“Qualifying Period”).

The Special Interest Rate is an annual interest rate if held to maturity. The interest is calculated daily, is non compounding and paid at maturity.

The Special Interest Rate is subject to change without notice. The Special Interest Rate cannot be combined with any other promotional rate offers. The interest rate may be withdrawn at any time. Fees may apply. Standard fixed term investment terms and conditions apply.

The minimum fixed term investment amount is $500. For a fixed term investment held by a minor, the minimum investment amount is $100.

If a member transfers a fixed term investment from another financial provider and is subject to a transfer fee, WFCU will reimburse the member to a maximum of $75, subject to restrictions (i.e. not including penalties) and verification.

At the time of maturity, the fixed term investment will automatically renew on the same term at the interest rate prevailing at the time of renewal; unless, instructions are received stating otherwise at the time of the investment or prior to maturity.

WFCU may, at its sole discretion, allow for the early redemption. If permitted, conditions and penalties apply.

A fixed term investment with WFCU is eligible for deposit insurance coverage through the Financial Services Regulatory Authority.