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Rates

  • Rates

Featured rates

At these rates, it pays to bank with Northern.

Tax free savings account

$25,000 to $59,999

1.85

Mortgage special

5-year closed high ratio

5.49

1-year GIC

Non-redeemable

5.00
 
 

Our rates

​​At Northern, we pride ourselves on providing industry-competitive rates to our members.

Accounts

List of rates for SUPERIOR SAVINGS
SUPERIOR SAVINGS Rate
$0 - $4999.99
1.60
$5000-$24,999
1.75
$25,000-$59,999
1.85
$60,000 +
2.00
List of rates for TAX FREE SAVINGS ACCOUNT
TAX FREE SAVINGS ACCOUNT Rate
$0 - $4999
1.60
$5,000-$24,999
1.75
$25,000-$59,999
1.85
$60,000 +
2.00
List of rates for GI-Savings Account
GI-Savings Account

Rates Effective: 2024-01-01

Rate
Below $15,000
3.00
$15,000-$24,999
3.50
$25,000-$49,999
4.00
$50,000-$99,999
4.25
$100,000+
4.50
List of rates for NORTHERN GROWTH SAVINGS (COMMERCIAL)
NORTHERN GROWTH SAVINGS (COMMERCIAL) Rate
$0.00 - $19,999
1.70
$20,001-$49,999
1.85
$50,000-$99,999
1.95
$100,000 +
2.15

Mortgages

List of rates for CURRENT MORTGAGE RATES
CURRENT MORTGAGE RATES Rate
6 Month Open
8.50
1-Year Open
7.50
1-Year Closed
7.09
2-Year Closed
6.79
3-Year Closed
6.49
4-Year Closed
6.39
5-Year Closed
6.19
List of rates for MORTGAGE SPECIALS
MORTGAGE SPECIALS Rate
5-Year Closed High Ratio
5.49
5-Year Closed Conventional
5.99
3 Year Closed High Ratio
5.89
3 Year Closed Conventional
6.39
List of rates for VARIABLE MORTGAGES
VARIABLE MORTGAGES Rate
5-Year Open
9.20
List of rates for HOME EQUITY LINES OF CREDIT
HOME EQUITY LINES OF CREDIT Rate
Meritline
7.75

Borrowing

List of rates for Prime
Prime Rate
Northern Prime
7.20
List of rates for LOANS
LOANS Rate
Student Loan
6.95
RSP Take Ten Loan
8.20
List of rates for LINES OF CREDIT
LINES OF CREDIT Rate
Cash Secured Line of Credit
7.20
RSP Line of Credit
7.20
List of rates for LINES OF CREDIT
LINES OF CREDIT Rate
Cash Secured Line of Credit
7.20
RSP Line of Credit
7.20

Investments

List of rates for NON-REDEEMABLE GICs
NON-REDEEMABLE GICs Rate
1-Year
5.00
2-Year
5.20
3-Year
4.50
4 Year
4.45
5-Year
4.40
18 Month
5.50
List of rates for 3-YEAR ESCALATOR
3-YEAR ESCALATOR Rate
Year 1
4.00
Year 2
4.15
Year 3
5.25
Average Yield to Maturity
4.47
List of rates for 5-YEAR ESCALATOR
5-YEAR ESCALATOR Rate
Year 1
3.70
Year 2
3.80
Year 3
3.90
Year 4
4.10
Year 5
6.00
Average Yield to Maturity
4.30
List of rates for 3-Year Laddering
3-Year Laddering Rate
Year 1
5.25
Year 2
4.75
Year 3
4.25
List of rates for 5-Year Laddering
5-Year Laddering Rate
Year 1
5.25
Year 2
5.00
Year 3
4.60
Year 4
4.20
Year 5
4.00
List of rates for MARKET LINKED GIC
MARKET LINKED GIC Rate
3 Year - Financial Services
5%-30% (1.64%-9.14% annualized)
3 Year - Global Diversified
5%-25% (1.64%-9.14% annualized)
5 Year Financial Services
7.5%-Unlimited (1.46%-Unlimited annualized)
List of rates for REDEEMABLE GICs
REDEEMABLE GICs Rate
30-59 Days
0.40
60-89 Days
0.45
90-179 Days
0.65
180-269 Days
0.80
270-364 Days
1.00
1-Year
2.00
2-Year
2.70
3-Year
2.80
4-Year
2.95
5-Year
3.00

Rates are subject to change. Speak with your local branch for details.