Interest Rate Update

March 13, 2020


V.P. Credit Union would like to advise its membership that all financial institutions including us are in the process of adjusting our rates lower due to the recent Bank of Canada interest rate decisions.

Please refer to their news release below in regards to their latest rate decision.
https://www.bankofcanada.ca/2020/03/bank-of-canada-lowers-overnight-rate-target-to-%C2%BE-percent/
 
Mortgages, personal loans, lines of credit, demand account rates and term deposit rates are all affected by these decisions.

In view of these latest developments, we expect to re-align our interest rates accordingly by mid next week. In the interim, if you have any questions please feel free to email us at loans@vpcu.com or call us at 778-945-9448. You may also wish to check our interest rate websites periodically.
 
Term Deposit rates: https://www.vpcu.com/Bank/Interest-Rates/Investment-Rates/

Demand Account rates: https://www.vpcu.com/Bank/Interest-Rates/Account-Rates/

Lending Rates: https://www.vpcu.com/Personal/Interest-Rates/Lending-Rates/