1 Rates are subject to change without notice. Additional premiums may apply in cases of a refinance, extended amortizations, non-owner occupied, or other instances where application details may warrant it.
A High Ratio mortgage is applicable in cases where a borrower places a down payment of less than 20% of the purchase price on a home. Refinances, renewals and amortization periods of greater than 25 years are ineligible. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000 and under $1,000,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion. Offer may change or be withdrawn at any time without notice.
For commercial mortgage rates, please refer to your Commercial Account Manager.
2 Offer can be withdrawn at any time. All rates are subject to change without notice. GIC interest rates are annual rates. Interest earned is paid annually and at maturity. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).
3 Interest rates shown are subject to change without notice. Interest is calculated on the closing daily balance and is paid on the last day of each month. Interest is calculated on the closing daily balance and is paid monthly in the same currency as the account.
U.S. dollar deposits are not covered by the Financial Services Regulatory Authority (FSRA).
4 Interest rates are subject to change without notice and are annualized rates, with interest calculated daily and paid monthly.
5 Interest rates are subject to change without notice and are annualized rates, with interest paid and compounded annually.
6 Bank of Canada exchange rates differ from the buy and sell rates offered at PenFinancial. All Bank of Canada exchange rates are indicative rates only. For details, please read their full Terms and Conditions.
7Rates are subject to change without notice. Offer can be withdrawn at any time.
8Dividend rates and payments are not guaranteed. Past performance of dividends has no impact on future dividend rates. Shares will earn the same rate as all outstanding Class B Shares, Series 1 of the Credit Union. Niagara Shares are not deposits. Dividends are not guaranteed and may, but need not, be declared on an annual basis by the Board of Directors of the Credit Union in its sole and absolute discretion. The securities are not insured or otherwise guaranteed by the Financial Services Regulatory Authority of Ontario or any similar public agency. There is no market through which these securities may be sold.
