Rates

Prime (Rates effective 2023-01-26) Rates
Luminus Financial Prime Rate 6.70%
Investment Savings (Regular, RSP, RIF, and TFSA eligible) Rates
Any Balance 1.75%
Investment Savings (Business) Rates
Any Balance 1.35%
Limited Time Special Offers Rates
1-Year Term Deposit 5.00%
Fixed Rate Mortgages Rates
1 Year Open from 7.20%
1 Year Closed from 6.35%
2 Year Closed from 6.30%
3 Year Closed from 5.90%
4 Year Closed from 5.95%
5 Year Closed from 5.99%
7 Year Closed from 6.70%
Variable Rate Mortgages Rates
Variable Closed 7.45%
Home Equity Line of Credit Rates
Home Equity Line of Credit 8.25%
Co-Op and Co-Ownership Mortgages Rates
1 Year Open from 7.55%
1 Year Closed from 6.70%
2 Year Closed from 6.65%
3 Year Closed from 6.25%
4 Year Closed from 6.30%
5 Year Closed from 6.34%
7 Year Closed from 7.05%
Variable Closed from 7.80%
Home Equity Line of Credit from 8.25%
Loans Rates
Personal Line of Credit from 8.25%
Personal Loan Variable from 8.25%
Personal Loan Fixed 9.25%
RRSP and Investment Loan from 8.25%
Overdraft Protection from 21.00%
Unauthorized Overdraft for: Business Chequing, Golden Chequing, Investment Savings, The Personal 1, Plan 24, Savings Bonds, TFSA and $US Chequing 40.00%
Term Deposits (Minimum $500 deposit, RSP, RIF and TFSA eligible) Rates
30 to 59 Days Redeemable 1.75%
60 to 89 Days Redeemable 1.85%
90 to 179 Days Redeemable 1.95%
180 to 269 Days Redeemable 2.00%
270 to 364 Days Redeemable 2.25%
18 Months Redeemable 3.50%
6 Months Fixed 3.50%
1 Year Fixed 4.35%
18 Months Fixed 4.50%
2 Year Fixed 4.55%
3 Year Fixed 4.60%
4 Year Fixed 4.55%
5 Year Fixed 4.50%
Tax-Free Savings Rates
Any Balance (check yearly limit) 1.75%
RSP Variable Rates
$0 - $5,000 0.05%
$5,001 - $25,000 0.15%
$25,001 and over 0.35%
Regular Savings Rates
Plan 24 0.05%
Free Chequing (Personal 1 and Golden) Rates
$10,001 and over 0.05%
US Chequing (Paid in US funds) Rates
$1,001 - $5,000 0.05%
$5,001 and over 0.15%

Rates are effective as of February 22, 2023.

All rates posted on the website are special offers and are subject to approved credit and change without notice. Some restrictions apply. See in branch for details and eligibility. These special rates may not be combined with any other offers. 

*Limited Time Special Offers can be withdrawn at anytime. Speak to a Luminus Member Relations officer for full details.

Luminus Basic Lending Rate for any loan or mortgage products before September 1, 2017: 4.25%

The Financial Services Regulatory Authority of Ontario (FSRA) provides unlimited deposit insurance protection for deposits held in registered savings plans while non-registered deposits (savings accounts, term deposits, GICs, chequing accounts, certified cheques, money orders, bank drafts and funds in transit) in the name of an individual member are covered up to $250,000. Visit the FSRA website for full details.