Rates
Below are today’s rates for mortgages, Term Deposits/GIC’s, and registered accounts. Do you want to secure one of the below rates? Call us at 250-495-6522, book an appointment online, or visit us at 8312 Main Street, Osoyoos.
Promotional Rates
Mortgage
4.29%
5 Year Fixed Closed, CMHC-Insured.
Mortgage
4.69%*
5 Year Fixed Closed. Final rate determined by application details and financial relationship with OCU.
Term Deposit
3.75%*
*One-year non-redeemable, interest compounded annually. Posted rate 3.50%.
Posted Rates
Prime Rate (5.95%)
Mortgage Rates
Mortgage Rates
| Term | Interest Rate |
|---|---|
| 6 or 12 Months fixed rate (open) | 8.99% |
| 1 Year fixed rate (closed) | 6.19% |
| 2 Year fixed rate (closed) | 5.79% |
| 3 Year fixed rate (closed) | 4.79% |
| 4 Year fixed rate (closed) | 4.79% |
| 5 Year fixed rate (closed) | 4.79% |
| 5 Year fixed rate (closed)-Insured | 4.29% |
| 1 or 5 year variable rate (open) | prime + .70% |
Term Deposits - Non-Redeemable
Term Deposits – Non-Redeemable
| Term | Interest Rate |
|---|---|
| 1 Year | 3.50% |
| 18 Month | 3.40% |
| 2 Year | 3.40% |
| 3 Year | 3.00% |
| 4 Year | 3.00% |
| 5 Year | 3.00% |
Term Deposits - Redeemable
Term Deposits – Redeemable
| Term | Interest Rate |
|---|---|
| 12 Month Redeemable Term * | 2.75% (eligible for registered terms) |
| 18 Month Redeemable Term ** | 2.00% (eligible for registered terms) |
* Cashable after 30 days
** Cashable on birthday of primary account holder and one year anniversary of initial deposit date
Term Deposits - Promotional
Redeemable
(eligible for registered products)
| Term | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Average |
|---|---|---|---|---|---|---|
| 3 year Escalator (Avg)* | 2.90% | 3.20% | 3.50% | 3.20% | ||
| 5 year Escalator (Avg)** | 2.60% | 2.85% | 3.30% | 3.50% | 3.70% | 3.19% |
*Cashable on the anniversary of initial deposit date.
**Cashable on the 1 year and 3 year anniversary of the initial deposit date.
Registered Product Rates
Registered Product Rates
| Term | RRSP | RIF | LIF | TFSA |
|---|---|---|---|---|
| Variable | 0.50% | 0.50% | 0.50% | 0.50% |
| 1 year | 3.50% | 3.50% | 3.50% | 3.50% |
| 18 months | 3.40% | 3.40% | 3.40% | 3.40% |
| 2 year | 3.40% | 3.40% | 3.40% | 3.40% |
| 3 year | 3.00% | 3.00% | 3.00% | 3.00% |
| 4 year | 3.00% | 3.00% | 3.00% | 3.00% |
| 5 year | 3.00% | 3.00% | 3.00% | 3.00% |
Savings Accounts
Savings Accounts
| Term | Interest Rate |
|---|---|
| Momentum | 0.50% Interest calculated daily paid monthly |
| Accelerator | 0.90% Interest paid monthly on closing daily balance |
Chequing Deposit Rates
Chequing Deposit Rates
| $0.00 – $4,999 | 0.00% |
|---|---|
| $5,000 – $9,999 | 0.00% |
| $10,000 – $24,999 | 0.00% |
| $25,000 – $59,999 | 0.00% |
| $60,000 and over | 0.00% |
| Chequing USD | 0.00%* |
* Interest calculated on closing daily balance and paid monthly
Interest rates are provided for information purposes only and are subject to change without notice. For more information about OCU’s interest rates, please call 250-495-6522 or email contact@ocubc.com.