Rates & Service Fees

Competitive rates are only the beginning! If you’d like to pay down your mortgage faster, or increase the growth of your investments, ECU has the products, services, and advice to make your financial goals achievable.

Looking for our Foreign Exchange Rates?  You can view these rates on the WFCU Credit Union website.

Prime Rate

ECU Prime Rate8.20%*
Prime Rate7.20%*

Auto Loans

4 year term: 2019 models6.99%*
6 year term: 2020-2022 models6.99%*
7 year term: 2023 models6.99%*
8 year term: 2024 models and newer6.99%*

Loans and Lines of Credit

1 Year Fixed Rate1% greater than the rate on the deposit
1 – 5 Year Termfrom 8.50%
Variable Rate Personal Loanfrom 11.20%
Maximum RRSP Loan9.45%
Maximum $10,0007.99%
CU Line – 100% Secured7.20%
CU Line – Unsecured9.70%
Student Line of Credit9.70%
CU Overdraft Protectionfrom 21.00%*

Mortgage Rates

1-Year Fixed Rate6.99%2
2-Year Fixed Rate6.39%3
3-Year Fixed Rate5.99%4
5-Year Cashback Fixed Rate5.49%*
6 Month7.29%*
1 Year7.49%*
2 Year7.19%*
3 Year6.89%*
4 Year6.49%*
5 Year6.79%*
7 Year7.19%*
ClosedFrom 7.20%*
OpenFrom 8.20%*
3 Years – 3% Cashback7.99%*
4 Years – 4% Cashback7.59%*
5 Years – 5% Cashback6.99%*
7 Years – 5% Cashback8.29 %*

Investment Rates

Short Term Deposits

30-89 Days0.20%
90-179 Days0.25%
180-364 Days0.40%

Term Deposits

1 Year3.00%
2 Year3.75%
3 Year3.75%
4 Year3.75%
5 Year4.15%

Other Investments

1 Year GIC2.75%*
Step By Step GIC/TFSA2.75%*

Service Fees

ECU – A Division of WFCU Credit Union offers members an extended lineup of services to make everyday banking more convenient.

To view the Service Fee updates that will be implemented effective March 1, 2024, please click here.

To view our current service fees, please use the links below:

  1. General Service Fee Changes
  2. Commercial Service fee Changes
  3. Mortgage & Loan Service Fee Changes

For more information about our Rates or Service Fees:

*Rates are subject to change.
1 The cashback offer is only available for applications received between March 15 and May 31, 2024 on a 5-year, fixed conventional mortgage. The core special mortgage rate is only available to new WFCU mortgage holders for applications received between March 15 and May 31, 2024. 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 This offer may be changed or withdrawn at any time, without notice, and cannot be combined with any other offers.

2 The promotional rate of 6.99% per annum is for a closed, fixed, one-year term mortgage. 3 The promotional rate of 6.39% per annum is for a closed, fixed, two-year term mortgage. 4 The promotional rate of 5.99% per annum is for a closed, fixed, two-year term mortgage. All 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.

Visit wfcu.ca/FinePrint for full details.