Rates

Prime (Rates effective 2017-09-12) Rates
Luminus Financial Prime Rate 3.20%
Investment Savings (Regular, RSP, RIF, and TFSA eligible) Rates
Any Balance 1.75%
Limited Time Special Offers** Rates
1 Year fixed GIC 2.30%
2 Year fixed GIC 2.25%
5 Year Escalator Deposit 3.50%
Special Mortgages (Rates effective 2017-09-25) Rates
1 year closed* 3.40%
2 year closed* 3.20%
3 year closed* 3.65%
4 year closed* 4.00%
5 year closed* 3.29%
7 year closed* 5.65%
Mortgages Rates
Meritline/Equity Line of Credit from 4.50%
Variable Open from 4.50%
Variable Closed from 3.75%
1 Year Open from 6.25%
1 Year Closed from 4.10%
2 Year Closed from 4.20%
3 Year Closed from 4.25%
4 Year Closed from 4.35%
5 Year Closed from 4.80%
7 Year Closed from 5.65%
Loans Rates
Personal Line of Credit from 4.50%
Personal Loan Variable from 4.50%
Personal Loan Fixed 7.00%
Vehicle Loan Variable from 4.50%
RRSP and Investment Loan from 4.50%
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 1.05%
60 to 89 days redeemable 1.20%
90 to 179 days redeemable 1.35%
180 to 269 days redeemable 1.45%
270 to 364 days redeemable 1.45%
1 Year Fixed 2.30%
18 Months 2.10%
18 Months (cashable) 1.85%
2 Year Fixed 2.25%
3 Year Fixed 2.30%
4 Year Fixed 2.35%
5 Year Fixed 2.40%
5 Year Escalator (Minimum $500 deposit, RSP and RIF eligible) Rates
1st Year 1.35%
2nd Year 1.55%
3rd Year 1.75%
4th Year 1.95%
5th Year 3.50%
Average rate of 2.10%
Savings Bonds Rates
Luminus Savings Bond 0.75%
Tax-Free Savings Rates
Any Balance (check yearly limit) 1.50%
Investment Savings (Business) Rates
Any Balance 1.35%
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%
Co-Op and Co-Ownership Mortgages Rates
Meritline Equity Line of Credit from 4.70%
Variable Open from 4.70%
Variable Closed from 4.25%
1 Year Open from 7.25%
1 Year Closed from 4.25%
2 Year Closed from 4.20%
3 Year Closed from 4.65%
4 Year Closed from 5.00%
5 Year Closed from 5.50%
7 Year Closed from 6.65%

Rates are effective as of September 25, 2017.

All rates posted on the website are special offers and are on approved credit or subject to 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. On approved credit.  Speak to a Member Relations Officer for full details.

**Limited Time Special Offers. Effective rate over the maximum five-year term of an escalator deposit is 2.10%. All interest rates are paid and compounded annually.  For Investment Savings Account, the rate of 1.75% is available for registered and non-registered products, personal accounts only.

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

The Deposit Insurance Corporation of Ontario (DICO) provides separate 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 a combined maximum of $100,000. Visit the DICO website for full details.
 

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