Fine Print

Summer HISA Special Official Terms and Conditions 

WFCU Credit Union High-Interest Savings Account Offer (“Offer”) is 5.55%. This is available to eligible new and existing members who open a new WFCU ALTO Savings Account (“Product”), variable RRSP, variable TFSA, or FHSA (“Eligible Savings Account”) as the primary owner between July 8 and September 9 , 2024 (“Qualifying Period”).

This Offer does not apply to funds previously deposited in a WFCU Credit Union account. The Offer applies to only new funds deposited to WFCU Credit Union (“WFCU”).

This Offer applies to only 1 Product as outlined above per membership. For clarity, a member can open 1 ALTO Savings Account, 1 RRSP, 1 TFSA and 1 FHSA and receive the Offer rate in all the accounts; however, a member is not eligible to open more than 1 of the same Eligible Savings Account and receive the Offer rate. Members who share an Eligible Savings Account or open a joint account will only qualify to receive 1 Offer if the member has already opened an account of the same type.

The maximum deposit amount eligible for the Offer is $1,000,000. Any balances over $1,000,000 will be paid the Regular Interest Rate.

The Offer will be applied for 120 days (“Promotional Period”) from the date that the Eligible Savings Account is opened. Any reference to a period of 4 months made in conjunction with this Offer will mean 120 calendar days, regardless of how many days may fall within the 4-month calendar period.
At the end of the Promotional Period, the current interest rate posted on WFCU’s personal account web page (“Regular Interest Rate”) will apply to the balance in the Eligible Savings Account.

Regular and Offer interest rates are annualized (subject to certain exceptions) and are calculated daily and paid monthly.

The Offer and interest rates are subject to change without notice. The Offer cannot be combined with any other promotional rate offers. The Offer may be withdrawn at any time. Fees may apply. All applications are subject to WFCU approval and standard and additional terms and conditions apply.

Additional Terms

An Eligible Savings Account that is closed or switched to another product type within the Promotional Period which is not an Eligible Savings Account will forfeit any future interest calculated at the Offer rate on the day on which the Eligible Savings Account is closed or switched.

WFCU reserves the right, in its sole discretion, to suspend, disqualify, limit or revoke the Offer to any person or member it finds or believes to be manipulating or otherwise abusing the process, fairness, integrity or operation of the Offer, without further explanation or advance notice to such person or member. By participating in this Offer, the member acknowledges and agrees that WFCU will not be held liable for any direct or indirect losses, damages, or opportunity costs suffered or incurred by them or any third party as a result of WFCU suspending, disqualifying, limiting or revoking their participation in this Offer in the event that WFCU finds or believes them to be manipulating or otherwise abusing the process, fairness, integrity or operation of the Offer.

If WFCU is unable to execute the Offer as planned for any reason, including but not limited to infection of its computers/systems by virus, bugs, tampering, unauthorized intervention, fraud, technical failures, force majeure, pandemic, or any other cause beyond its reasonable control which corrupts, interferes with, or otherwise impacts the administration, security or proper conduct of this Offer, WFCU reserves the right at its sole discretion to, without advance notice, terminate or suspend the Offer, in whole or in part, or modify it as it deems necessary.

A member has 31 days from the end of the Promotional Period to notify WFCU if they believe they have completed all qualifying criteria but have not earned interest at the Offer rate due under these Terms. Any notice received after this date will not be accepted and WFCU will only be required to ensure the Eligible Savings Account was paid applicable interest at the Regular Interest Rate from the date the account was opened.

If the member has any other personal deposit account(s) with WFCU, it or they must be in good standing; otherwise, WFCU reserves the right to prohibit the member from participating in, or to discontinue their participation in the Offer in its sole discretion. By participating in the Offer, the member acknowledges and agrees that WFCU will not be held liable for any direct or indirect losses, damages, or opportunity costs suffered or incurred by them or any third party as a result of it prohibiting them from participation in or discontinuing their participation in this Offer.

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

The mortgage rate offer is only available for applications received by June 30, 2024 on a 2 year fixed mortgage 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-year fixed term with an amortization of 25 years or less.
• The mortgage rate offer is available to mortgage applications submitted by June 30, 2024.
• 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.

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

The mortgage rate offer is only available for applications received by June 30, 2024 on a 5-year fixed mortgage 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 5-year fixed term with an amortization of 25 years or less.
• The mortgage rate offer is available to mortgage applications submitted by June 30, 2024.
• 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.

Other Mortgage Specials

• The promotional rate of 6.99% per annum is for a closed, fixed, one-year term mortgage.
• The promotional rate of 5.29% per annum is for a closed, fixed, two-year term mortgage.
• The promotional rate of 5.64% per annum is for a closed, fixed, three-year term mortgage.
• These promotional mortgage rates are only available to members of an owner-occupied property. Other rates and terms are available. Rates are subject to change at any time.