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Our Rates

    Local banking means great rates for you.

    Community Rates


    Daily Account Rates

    Account Rates are subject to change without notice. Please call 1-888-440-4480 for more information about Prospera's interest rates.

    For our everyday accounts, we calculate interest daily and pay it monthly at these rates*:
    Every Day Accounts
    Rates    
    Personal Savings Accounts 0.010%    
    Personal High Growth Savings Account 0.100%    
    Tax Free Savings Account - $0+ 0.100%    
    Variable Rate RRSP - $0+ 0.100%    
    For our growing business accounts, we calculate interest daily and pay it monthly at these rates*:
    Growing Business Accounts
    Rates    
    Business High Growth Savings Accounts ($0-$99,999) 0.030%    
    Business High Growth Savings Accounts ($100,000-$249,999) 0.070%    
    Business High Growth Savings Accounts ($250,000-$999,999) 0.150%    
    Business High Growth Savings Accounts ($1,000,000-$4,999,999) 0.300%    
    Business High Growth Savings Accounts ($5,000,000+) 0.700%    
       
    Business Savings Account 0.100%    
    Business Chequing Account 0.000%    


    Foreign Exchange Rates

    Here's what you will pay to buy, or receive for selling, one US dollar, pound sterling, or euro in Canadian dollars:*
    Foreign Currency Exchange Rates
    Buy
    Sell    

    $ - US Dollar

    1.3119
    1.2646    
    £ - GBP (Pound)
    1.6226
    1.5053    
    € - Euro
    1.4052
    1.2983    
     
     
     


    Investment Rates

    Registered Term Deposits

    Here are the rates* for some of our most popular term deposits held within Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs) and Tax Free Savings Accounts (TFSAs):
    Redeemable 
    Rates    
    12 Month Redeemable 2.250%    
    Non-Redeemable 
    Rates    
    12 Month Non-Redeemable 3.000%    
    15 Month Non-Redeemable 3.000%    
    18 Month Non-Redeemable 3.000%    
    24 Month Non-Redeemable 3.250%    
    36 Month Non-Redeemable 3.350%    
    48 Month Non-Redeemable 3.400%    
    60 Month Non-Redeemable 3.500%    
    3 Year Rate Climber* 

    *Not currently available as RIF/LIF

    Rates    
    Year 1 Rate Climber 3.000%    
    Year 2 Rate Climber 3.050%    
    Year 3 Rate Climber 4.850%    
    5 Year Rate Climber* 
    *Not currently available as RIF/LIF
        
    Year 1 Rate Climber, Paid Annually 3.000%    
    Year 2 Rate Climber, Paid Annually 3.300%    
    Year 3 Rate Climber, Paid Annually 3.350%    
    Year 4 Rate Climber, Paid Annually 3.650%    
    Year 5 Rate Climber, Paid Annually 5.000%    
    Year 1 Rate Climber, Compounding 3.000%    
    Year 2 Rate Climber, Compounding 3.300%    
    Year 3 Rate Climber, Compounding 3.350%    
    Year 4 Rate Climber, Compounding 3.650%    
    Year 5 Rate Climber, Compounding 5.000%    

    Non-Registered Term Deposits

    Here are the rates* for some of our most popular term deposits:
    Long Term Redeemable
    Rates    
    12 Month Redeemable 2.250%    
    Short Term Non-Redeemable
    Rates    
    30 - 59 Days Non-Redeemable 1.100%    
    60 - 89 Days Non-Redeemable 1.300%    
    90 - 119 Days Non-Redeemable 1.450%    
    120 - 179 Days Non-Redeemable 1.600%    
    180 - 269 Days Non-Redeemable 2.500%    
    270 - 364 Days Non-Redeemable 2.750%    
    Long Term Non-Redeemable
    Rates    
    12 Month Non-Redeemable, Paid Annually 3.000%    
    15 Month Non-Redeemable, Paid Annually 3.000%    
    18 Month Non-Redeemable, Paid Annually 3.000%    
    24 Month Non-Redeemable, Paid Annually 3.250%    
    36 Month Non-Redeemable, Paid Annually 3.350%    
    48 Month Non-Redeemable, Paid Annually 3.400%    
    60 Month Non-Redeemable, Paid Annually 3.500%    
    9 Month Non-Redeemable, Paid Monthly 2.750%    
    12 Month Non-Redeemable, Paid Monthly 3.000%    
    18 Month Non-Redeemable, Paid Monthly 2.950%    
    24 Month Non-Redeemable, Paid Monthly 3.235%    
    36 Month Non-Redeemable, Paid Monthly 3.315%    
    48 Month Non-Redeemable, Paid Monthly 3.340%    
    60 Month Non-Redeemable, Paid Monthly 3.405%    
    12 Month Non-Redeemable, Compounding 3.000%    
    15 Month Non-Redeemable, Compounding 2.950%    
    18 Month Non-Redeemable, Compounding 2.950%    
    24 Month Non-Redeemable, Compounding 3.235%    
    36 Month Non-Redeemable, Compounding 3.315%    
    48 Month Non-Redeemable, Compounding 3.340%    
    60 Month Non-Redeemable, Compounding 3.405%    
    3 Year Rate Climber
    Rates    
    Year 1 Rate Climber, Paid Annually 3.000%    
    Year 2 Rate Climber, Paid Annually 3.050%    
    Year 3 Rate Climber, Paid Annually 4.850%    
    Year 1 Rate Climber, Compounding 2.900%    
    Year 2 Rate Climber, Compounding 3.000%    
    Year 3 Rate Climber, Compounding 4.700%    
    5 Year Rate Climber
    Rates    
    Year 1 Rate Climber, Paid Annually 3.000%    
    Year 2 Rate Climber, Paid Annually 3.300%    
    Year 3 Rate Climber, Paid Annually 3.350%    
    Year 4 Rate Climber, Paid Annually 3.650%    
    Year 5 Rate Climber, Paid Annually 5.000%    
    Year 1 Rate Climber Compounding 2.900%    
    Year 2 Rate Climber Compounding 3.050%    
    Year 3 Rate Climber Compounding 3.200%    
    Year 4 Rate Climber Compounding 3.500%    
    Year 5 Rate Climber Compounding 5.150%    
    U.S. Short Term
    Rates    
    30-59 Days 0.350%    
    60-89 Days 0.500%    
    90-119 Days 0.600%    
    120-179 Days 0.650%    
    180-269 Days 1.500%    
    270-364 Days 1.750%    
    U.S. Long Term
    Rates    
    12 Month 2.000%    
    24 Month 2.450%    


    Mortgage Rates

    Prospera offers a range of mortgages with rate options to suit all needs. Call 1-888-440-4480 to let one of our experts help you choose the best mortgage for you, or click here to find the nearest branch and book an appointment.

    Here are the rates* for some of our most popular mortgages and terms:
    Featured Mortgages
    Rates    
    5-Year Variable Rate Closed - Insured (2) 3.000%    
    5-Year Fixed Rate Closed - Insured (1) 4.680%    
    Fixed Rate Mortgages
    Rates    
    1-Year Open 5.080%    
    1-Year Closed 3.780%    
    2-Year Closed 4.030%    
    3-Year Closed 4.780%    
    4-Year Closed 4.930%    
    5-Year Closed 5.030%    
    5-Year Closed - Insured (4) 4.680%    
    7-Year Closed 5.230%    
    10-Year Closed 5.680%    
    Variable Rate Mortgages (2)
    Rates    
    5 Year Closed 3.350%    
    5 Year Closed - Insured (4) 3.000%    
    Special Rates (3)
    Rates    
    1 Year Closed 3.730%     
    2 Year Closed 3.980%    
    3 Year Closed 4.750%    
    4 Year Closed 4.880%    
    5 Year Closed 4.880%    
    5 Year Variable 3.300%    

    Choose the mortgage product right for you.


    These rates are only available for first priority mortgages on owner-occupied residential properties and are subject to meeting Prospera’s standard credit criteria, residential mortgage standards and maximum permitted loan amounts. Interest rates are provided for information purposes only and are subject to change at any time without notice. Annual Percentage Rates (APR) means the cost of borrowing for a loan expressed as an interest rate. It includes all interest and non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same. If fees or charges apply, the APR would increase.

     

    (1) The interest rate and the Annual Percentage Rates (APR) for our fixed rate offers are compounded semi-annually, not in advance.

    (2) The interest rate and the Annual Percentage Rates (APR) for our variable rate offers are compounded monthly. With a variable rate mortgage, the interest rate fluctuates with changes in the Prospera prime lending rate. Your principal and interest payment will stay the same for the term, but if the Prospera prime rate goes down, more of your payment will go towards the principal. If the Prospera prime rate goes up, more of your payment will go towards interest.

    (3) This mortgage rate is available to members with greater than 20% down payment, purchasing or switching an owner-occupied residential property valued at under $1,000,000, where the amortization is 25 years or less, and who meet other conditions. This offer is not available for refinances of existing Prospera mortgages. Rental properties are not eligible.

    (4) This mortgage rate is available for high ratio residential mortgages with default insurance. A higher interest rate may apply for non-owner-occupied properties, amortizations greater than 25 years, property purchase price greater than $1,000,000 and exceptions to Prospera’s standard lending guidelines.


    Prime Rate

    We describe some other loan rates as the prime rate + an additional amount. Here's our current prime rate*.
    Prime Rate
    3.70%    


    Personal Loans

    Here are the starting rates* for our personal loans:
    Loans
    Rates    
    Fixed (5 year)  7.870%    
    Variable  Prime + 2.750%    
    7-Year Vehicle (new) Prime + 2.000%    
    7-Year Vehicle (used)  Prime + 2.250%    
    RRSP Catch-Up Fixed Rate, starting from 3.850%    
    RRSP Catch-Up Variable Rate, starting from 4.700%    
    RRSP Re-Advanceable 3.200%    
    Lines of Credit
    Rates    
    Overdraft Protection (up to $4,999) 18.000%    
    Revolving Line of Credit ($5,000+) Prime + Increment    
    Home Equity Line of Credit (HELOC) Prime + 0.500%    

    Our calculators are a tool to help you determine which rates or accounts work best for your situation.

    How to reach us

    Call our Member Service Centre

    Toll free
    1-888-440-4480

    Monday to Friday
    8 am - 8 pm

    Saturday 9 am - 5 pm

    Contact tech support
    Send us an email
    *Rates are updated daily. Rates are subject to change without notice, and are not guaranteed unless confirmed by phone or email.