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Rates
Rocky Credit Union offers competitive rates on all products & services
RRSP/RRIF
Choose an interest rate that’s fixed or variable for your Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF) term deposit (also known as a GIC or Guaranteed Investment Certificate). Remember, your principal investment is 100% guaranteed with RCU.
|
Redeemable*
|
Rates |
| 1 Year | 1.60% |
| 2 Year | 1.70% |
| 3 Year |
1.80% |
| 4 Year | 1.90% |
| 5 Year |
2.00% |
*Minimum deposit $500 (interest paid annually on anniversary date/at maturity)
| Non Redeemable* | Rates |
| 1 Year | 3.20% |
| 2 Year | 3.05% |
| 3 Year |
2.95% |
| 4 Year | 2.90% |
| 5 Year |
2.85% |
*Minimum deposit $500 (interest paid annually on anniversary date/at maturity)
| Variable Rate* | Rate |
| 30 Day | 0.90% |
*No minimum deposit required (interest calculated daily on entire balance and paid at month end)
NOTE: Rates are subject to change without notice at any time.
TFSA
A Tax Free Savings Account (TFSA) term deposit offers you the choice of an interest rate that's fixed or variable. One thing that never varies: our 100% guarantee of your principal investment.
| Redeemable* | Rates |
| 1 Year | 1.60% |
| 2 Year | 1.70% |
| 3 Year |
1.80% |
| 4 Year | 1.90% |
| 5 Year |
2.00% |
*Minimum deposit $500 (interest paid annually on anniversary date/at maturity)
| Non Redeemable* | Rates |
| 1 Year | 3.20% |
| 2 Year | 3.05% |
| 3 Year |
2.95% |
| 4 Year | 2.90% |
| 5 Year |
2.85% |
*Minimum deposit $500 (interest paid annually on anniversary date/at maturity)
| Variable Rate* | Rate |
| 30 Day | 0.90% |
*No minimum deposit required (interest calculated daily on entire balance and paid at month end)
NOTE: Rates are subject to change without notice at any time.
Term Deposit
Choose either a fixed or variable rate for your term deposit. Keep it in mind that your principal investment is 100% guaranteed with us.
|
Redeemable*
|
Rates |
| 1 Year | 1.60% |
| 2 Year | 1.70% |
| 3 Year |
1.80% |
| 4 Year | 1.90% |
| 5 Year |
2.00% |
*Minimum deposit $500 (interest paid annually on anniversary date/at maturity)
| Non Redeemable* | Rates |
| 1 Year | 3.20% |
| 2 Year | 3.05% |
| 3 Year |
2.95% |
| 4 Year | 2.90% |
| 5 Year |
2.85% |
*Minimum deposit $500 (interest paid annually on anniversary date/at maturity)
| Variable Rate* | Rate |
| 30 Day | 0.90% |
*No minimum deposit required (interest calculated daily on entire balance and paid at month end)
Mortgages
Our rates are market-competitive and loans can be customized to meet your financial needs. Contact us to set up an appointment to determine which loan or mortgage is most suitable for you.
| Fixed Rate Mortgages | Rates |
|
| 1 Year | 6.29% |
***Based on Profit Share of 12% for 2024, |
| 2 Year | 5.59% |
your effective interest rate for the 5-year |
| 3 Year |
4.84% |
Everyday Value rate would be 3.95%. |
| 4 Year | 4.79% |
Ask your lender for more details*** |
| 5 Year Everyday Value |
4.49% |
|
| Variable Rate Mortgages | Rates |
|
| Safe at Home 5 Year | Prime Plus 0.25% |
|
| Variable Open | Prime Plus 1.04% |
| Home Equity Line of Credit | Rate |
|
| As Low as Prime |
Personal Accounts
Because everyone's different and we all bank differently, RCU offers a variety of account options that pay different interest rates.
| Personal Savings Accounts | Rates |
| $0 - $4,999 | 0.05% |
| $5,000 and over | 0.10% |
| High Interest Savings | Rates |
| $0 - $4,999 | 0.25% |
| $5,000 - $24,999 | 0.85% |
| $25,000 - $499,999 |
0.90% |
| $500,000 and over | 1.00% |
| Special Savings | Rate |
| $0 - $4,999 | 0.01% |
| $5,000 and over |
0.01% |
Business Accounts
We offer account packages that provide chequing options or high interest savings to help your money work harder.
| Business Chequing Accounts | Rates |
| $0 - $4,999 | 0.00% |
| $5,000 - $24,999 | 0.01% |
| $25,000 and over |
0.01% |
| Business High Interest Savings | Rates |
| $0 - $499,999 | 2.20% |
| $500,000 - $999,999 | 2.50% |
| $1,000,000 - $4,999,999 | 2.80% |
| $5,000,000 and over | 3.10% |
USD Accounts
| USD Accounts | Rates |
| USD Chequing Account | 0.05% |
| USD 30 Day Term | 0.05% |
| USD 1 Year Term |
0.20% |
| RCU USD Prime Rate | 7.75% |
Service Fees
- Service fees reflect per-item charges
- Service fees vary depending on account type
- Service fees are subject to change without notice at any time. For more information, visit your nearest branch or contact us.
Changes to Service Fees - Effective January 1, 2025
*Only accounts/fees with changes are listed below
Account Package
|
Account Package
Before January 1, 2025
|
Account Package
After January 1, 2025
|
Service Fees
Before January 1, 2025
|
New Service Fees
After January 1, 2025
|
| Personal Chequing | Select | No Changes | No Changes |
| Package Plus | Select Plus | No Changes | No Changes |
| Next Step & Youth Account | First Step |
|
|
| Power Savings | Select Savings | No Changes | No Changes |
| High Interest Savings Account | Premium Savings | No Changes | No Changes |
CAFT
| Service Fee | Before January 1, 2025 | After January 1, 2025 |
| One Time Setup Fee (Up to 6 Users) | $50.00 | $75.00 |
| Add or Change User (Over 6 Users) | N/A | $10.00 |
| File Processing | $5.00 | $5.00 |
| CAFT Settlement | $0.75 | $0.75 |
| Recall/Reject | $35.00 |
|
| AFT Deposit/Debit | $0.15 |
|
| Late File Release | $20.00 | $25.00 |
| Inactive Fee (90 Days) | $50.00 | $50.00 |
Cheque Order Fees
| Personal | Before January 1, 2025 | After January 1, 2025 |
| 4 | $4.40 | $6.00 |
| 12 | $9.90 | $12.00 |
| 24 | $13.20 | $15.00 |
| 48 | $16.50 | $20.00 |
| 100 | $24.20 | $30.00 |
| 200 | $37.40 | $50.00 |
| Business | Before January 1, 2025 | After January 1, 2025 |
| 12 | $11.80 | $15.00 |
| 50 | $26.95 | $30.00 |
| 100 | $48.40 | $55.00 |
| 200 | $82.50 | $90.00 |