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 Rate6.45%*
Prime Rate5.45%*

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%
1 Year RRSP Loan5.95%
2 Year RRSP Loan6.95%
Variable Rate Personal Loanfrom 9.45%
Maximum RRSP Loan7.70%
Maximum $10,0007.99%
CU Line – 100% Secured5.45%
CU Line – Unsecured7.95%
Student Line of Credit7.95%
CU Overdraft Protectionfrom 21.00%*

Mortgage Rates

2-Year Fixed Rate5.29%2
3-Year Fixed Rate4.69%2
5-Year Fixed Rate4.49%2
6 Month7.29%*
1 Year7.49%*
2 Year7.19%*
3 Year6.89%*
4 Year6.49%*
5 Year5.39%*
7 Year7.19%*
ClosedFrom 4.65%*
OpenFrom 6.45%*
3 Years – 3% Cashback7.99%*
4 Years – 4% Cashback7.59%*
5 Years – 5% Cashback5.59%*
7 Years – 5% Cashback8.29 %*

Investment Rates

Short Term Deposits

30-89 Days 0.20%
90-179 Days 0.25%
180-364 Days 0.40%

Term Deposits

1 Year3.75%
2 Year3.55%
3 Year3.40%
4 Year3.35%
5 Year3.35%

Other Investments

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

Service Fees

AFT Trace/Recall Request $18.00
Bill Payment on Savings Account – In Branch, Online, Telephone or ATM $2.00
Bill Payment Trace $20.00
Certified Cheques – Member $15.00
Certified Cheques – Non-Member $20.00
Cheque Images Returned With Statement $3.00/month
Collection Item $20.00
CUDP RESP Transfer Out $125.00
Daylight Overdraft $5.00/item
Debit Mastercard Replacement Card $10.00
Debit Mastercard Rush Card Order Fee $35.00
Delinquent Notice – Phone Call $15.00
Delinquent Notice – Letter $140.00
Delinquent Notice – Manual Transfer $35.00
Drafts (CDN) $7.50
Drafts – Refund or Replacement if Lost or Stolen $20.00
Duplicate Remote Deposit Capture $10.00
EVA Gold Chequing Account (monthly) $6.50
EVA Silver Chequing Account (monthly) $5.00
Handling Post-dated Cheque $3.00
HELOC Split or Combining $50.00
Incoming Wires (CDN) $17.50
Incoming Wires – received in foreign funds other than USD $17.50
Incoming Wires (USD) – fee due in USD $17.50 USD
INTERAC e-Transfer® Transaction $1.50 per outgoing transaction
Mailed Paper Statement $3.00/statement
Mortgage Closing for Refinances $675.00
Mortgage Payout Information Statement to Lawyer $20.00
NSF Cheque Fee $65.00
Optional Overdraft Protection $4.00/month when used plus applicable interest charges
Personalized Cheques Cost per supplier
Request for Member Letter $20.00
Request for Credit Union Records (hourly) $35.00
Request for Credit Union Records (minimum) $15.00
RRSP/RRIF/TFSA Transfer Out Fee (per plan) $125.00
RRSP/TFSA Withdrawals from Fixed/Redeem Locked $25.00
Safety Deposit Box Rental From $50.00 – $300.00 per year + HST
Stop Payment on Debit Mastercard $18.00
Stop Payment on Cheque $18.00
Stop Payment on USD Cheque $18.00 USD
Stop Payment on USD Draft $43.00 USD
Temporary Cheques – four per order $8.00
Transfer Account Balance to Another Financial Institution $70.00
USD Drafts $10.00
Wire Amendment $35.00
Wire Trace/Recall/Cancel Request $35.00
Wiring of Funds – Outgoing (Less than $10,000) $30.00
Wiring of Funds – Outgoing (More than $10,000) $50.00
Wiring of Funds – Incoming $15.00
Writing USD Funds Cheque on a Canadian Fund Account $16.00
Account Confirmation$25.00
Cash/Coin Float Preparation$84.00/hr + HST
Business Chequing and Savings Accounts Cash Deposits and Withdrawals*0.1% of amount deposited or withdrawn
Chargeback – Per Cheque or CAFT Item$5.00
Corporate Deposit Capture (Setup)$75.00
Corporate Deposit Capture (Monthly)$50.00
Chequing Monthly Service Fee$4.50, $20.00, $50.00 and Custom
FREE Transaction for All USD AccountsBusiness USD accounts receive one free transaction per month; transaction can be debit or credit (both)
HELOC Split or Combining$50.00
Mailed Paper Statements$3.00/statement
Mortgage Payout Information Statement to Lawyer$20.00
Night Depository – Annual Fee Per BagNo charge
Optional Overdraft Protection$10/month + applicable interest charges
USD Business Account Draft$10.00

*Applies to Premier Business Pay-As-You-Go, Basic, and Value Chequing Accounts, ALTO Business Savings Account, and U.S. Business Savings Account.

Note: Fees for ancillary services may be included or waived as part of specific account offerings.
Note: Service fees updated March 1, 2024

For more information about our Rates or Service Fees:

*Rates are subject to change.

2 Visit myECU.ca/FinePrint for full details.