Personal Deposit Rates

Rates updated August 3, 2017

Term Investment Rates

Non-Redeemable Investments1 (GIC/RRSP/RRIF/TFSA)

12 Month 1.75%
24 Month Special
2.00%
36 Month 2.10%
48 Month
2.25%
60 Month Special
2.45%
  • Minimum deposit of $500 required
  • Minimum deposit of $100 required for FAT CAT® and HEADSTART® Accounts
  • US fund GICs are not available

Redeemable Investments2 (GIC/RRSP/RRIF/TFSA)

12 Month 1.30%
  • Redeemable at any time without penalty
  • Minimum deposit of $500 required
  • Minimum deposit of $100 required for FAT CAT® and HEADSTART® Accounts
  • US fund GICs are not available

Variable Rate3 RRSP/RRIF/TFSA

RRSP/RRIF Variable 0.25%
TFSA Variable 0.50%
Personal Savings Account Rates
High Interest Savings4 0.50%
Regular Savings5 (tiered rates) 
Tier 1:$0 - $9,999 0.05%
Tier 2: $10,000 - 19,999 0.10%
Tier 3: $20,000 - $29,999 0.10%
Tier 4: $30,000 - $39,999 0.15%
Tier 5: $40,000 - $49,999 0.25%
Tier 6: $50,000 and over 0.30%
PLAN 24® Account6 0.05%
Golden Savings6 0.05%
FAT CAT® Account6 0.25%
HEADSTART® Account6 0.25%
US Savings4 0.05%
Tax Escrow NIL
Personal Chequing Account Rates

Currently, none of Belgian-Alliance Credit Union's Personal Chequing Accounts pay interest. Please visit our Accounts page for details on our Personal Chequing Accounts.

 

Unauthorized Overdraft Rate is 29.0% on all Chequing and Savings Accounts.

 

Personal Borrowing Rates

Personal Mortgage Rates
1 Year Closed 2.69%
2 Year Closed 2.69%
3 Year Closed 2.79%
4 Year Closed 2.89%
5 Year Closed 2.99%
1 Year Open 3.50%
Variable Open (no term) 3.75%
Cash Back Mortgage (5 year term) 1% cash back 3.25%
Cash Back Mortgage (5 year term) 5% cash back 4.29%
Personal Loan Rates

Several factors gathered during the application process affect the rate on a loan or a line of credit. Please contact us to make an appointment with a Financial Services Officer. They will discuss your situation and determine how BACU can help you.

Personal Line of Credit Rates
Personal Line of Credit Rates from 3.25%
Home Equity Line of Credit   3.75%
  • Interest rates are in effect at all Belgian-Alliance Credit Union branches.
  • Interest rates are subject to change without notice.
  • All deposits guaranteed without limit by Deposit Guarantee Corporation of Manitoba.

Notes:

1 Non-Redeemable Investments pay interest annually on the anniversary date. The interest rate shown is paid on the entire balance.

2 Redeemable Investments are redeemable at any time, without penalty. Interest is paid on the entire balance, up to the day that the funds are withdrawn or annually on the anniversary date.

3 Variable Rate Investments pay interest semi-annually in June and December.

4 High Interest Savings and US Savings accounts pay interest monthly on the last day of each month. Interest is calculated on the lowest monthly balance.

e.g.: A consistent balance of $25,000 for the duration of an entire month earns the rate shown at the end of the month. However, if the balance was depleted to $5,000 at any time during the month, interest is calculated and paid based on this lower amount.

5 Regular Savings accounts pay interest monthly on the last day of each month. Interest is calculated daily based on the applicable tier.

e.g.: A daily closing balance of $25,000 earns the rate in Tier 3 on the entire balance at the end of the month.

6 These types of Savings accounts pay interest monthly on the last day of each month. Interest is calculated on the daily closing balance. Interest rate paid is based on the total balance in the account.

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