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Our Rates

    Local banking means great rates for you.

    Special offer:

    Get up $3,000 cash back† with a Prospera mortgage. Let’s move you into a better mortgage - learn more by clicking here.

    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*:
    List of rates for Every Day Accounts
    Every Day Accounts Rate
    Personal Savings Account
    0.010%
    Personal High Growth Savings Account
    1.500%
    Tax Free Savings Account - $0+
    1.500%
    Variable Rate RRSP - $0+
    0.100%
    For our growing business accounts, we calculate interest daily and pay it monthly at these rates*:
    List of rates for Growing Business Accounts
    Growing Business Accounts Rate
    Business High Growth Savings Account ($0–$99,999)
    1.500%
    Business High Growth Savings Account ($100,000–$249,999)
    1.550%
    Business High Growth Savings Account ($250,000–$999,999)
    1.550%
    Business High Growth Savings Account ($1,000,000–$4,999,999)
    1.750%
    Business High Growth Savings Account ($5,000,000+)
    2.400%
    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:*
    List of rates for Foreign Exchange Rates
    Foreign Exchange Rates Buy Rate Sell Rate
    $ - US Dollar
    1.3606
    1.3131
    £ - GBP (Pound)
    1.7297
    1.6047
    € - Euro
    1.4877
    1.3801

    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):
    List of rates for Redeemable
    Redeemable Rate
    12 Month Redeemable
    3.000%
    List of rates for Short Term Non-Redeemable
    Short Term Non-Redeemable Rate
    30-59 Days Non-Redeemable, Paid Annually
    2.250%
    60-89 Days Non-Redeemable, Paid Annually
    2.500%
    90-119 Days Non-Redeemable, Paid Annually
    2.750%
    120-179 Days Non-Redeemable, Paid Annually
    3.000%
    180-269 Days Non-Redeemable, Paid Annually
    3.250%
    270-364 Days Non-Redeemable, Paid Annually
    3.500%
    30-59 Days Non-Redeemable, Compounding
    2.250%
    60-89 Days Non-Redeemable, Compounding
    2.450%
    90-119 Days Non-Redeemable, Compounding
    2.700%
    120-179 Days Non-Redeemable, Compounding
    2.950%
    180-269 Days Non-Redeemable, Compounding
    3.200%
    270-364 Days Non-Redeemable, Compounding
    3.450%
    List of rates for Long-Term Non-Redeemable
    Long-Term Non-Redeemable Rate
    12 Month Non-Redeemable
    4.450%
    24 Month Non-Redeemable
    4.350%
    36 Month Non-Redeemable
    4.000%
    48 Month Non-Redeemable
    3.900%
    60 Month Non-Redeemable
    3.900%
    List of rates for 3 Year Rate Climber*
    3 Year Rate Climber* Rate
    Year 1 Rate Climber
    3.850%
    Year 2 Rate Climber
    3.900%
    Year 3 Rate Climber
    4.250%
    List of rates for 5 Year Rate Climber*
    5 Year Rate Climber* Rate
    Year 1 Rate Climber, Paid Annually
    3.700%
    Year 2 Rate Climber, Paid Annually
    3.750%
    Year 3 Rate Climber, Paid Annually
    3.800%
    Year 4 Rate Climber, Paid Annually
    3.850%
    Year 5 Rate Climber, Paid Annually
    4.650%
    Year 1 Rate Climber, Compounding
    3.600%
    Year 2 Rate Climber, Compounding
    3.500%
    Year 3 Rate Climber, Compounding
    3.650%
    Year 4 Rate Climber, Compounding
    3.700%
    Year 5 Rate Climber, Compounding
    4.800%
    List of rates for Re-Investable
    Re-Investable Rate
    15 Month Re-Investable, Paid Annually
    4.200%
    15 Month Re-Investable, Compounding
    4.150%
    List of rates for Super Saver
    Super Saver Rate
    18 Month Super Saver, Paid Semi-Annually
    4.350%
    18 Month Super Saver, Compounding
    4.300%

    *Not currently available as RIF/LIF

    Investment Rates
    Non-Registered Term Deposits

    List of rates for Long Term Redeemable
    Long Term Redeemable Rate
    12 Month Redeemable
    3.000%
    List of rates for Short Term Non-Redeemable
    Short Term Non-Redeemable Rate
    30 - 59 Days Non-Redeemable
    2.250%
    60 - 89 Days Non-Redeemable
    2.500%
    90 - 119 Days Non-Redeemable
    2.750%
    120 - 179 Days Non-Redeemable
    3.000%
    180 - 269 Days Non-Redeemable
    3.250%
    270 - 364 Days Non-Redeemable
    3.500%
    List of rates for Long Term Non-Redeemable
    Long Term Non-Redeemable Rate
    12 Month Non-Redeemable, Paid Annually
    4.450%
    24 Month Non-Redeemable, Paid Annually
    4.350%
    36 Month Non-Redeemable, Paid Annually
    4.000%
    48 Month Non-Redeemable, Paid Annually
    3.900%
    60 Month Non-Redeemable, Paid Annually
    3.900%
    9 Month Non-Redeemable, Paid Monthly
    3.500%
    12 Month Non-Redeemable, Paid Monthly
    4.450%
    24 Month Non-Redeemable, Paid Monthly
    4.335%
    36 Month Non-Redeemable, Paid Monthly
    3.965%
    48 Month Non-Redeemable, Paid Monthly
    3.840%
    60 Month Non-Redeemable, Paid Monthly
    3.805%
    12 Month Non-Redeemable, Compounding
    4.450%
    24 Month Non-Redeemable, Compounding
    4.335%
    36 Month Non-Redeemable, Compounding
    3.965%
    48 Month Non-Redeemable, Compounding
    3.840%
    60 Month Non-Redeemable, Compounding
    3.805%
    List of rates for 3 Year Rate Climber
    3 Year Rate Climber Rate
    Year 1 Rate Climber, Paid Annually
    3.850%
    Year 2 Rate Climber, Paid Annually
    3.900%
    Year 3 Rate Climber, Paid Annually
    4.250%
    Year 1 Rate Climber, Compounding
    3.750%
    Year 2 Rate Climber, Compounding
    3.850%
    Year 3 Rate Climber, Compounding
    4.100%
    List of rates for 5 Year Rate Climber
    5 Year Rate Climber Rate
    Year 1 Rate Climber, Paid Annually
    3.700%
    Year 2 Rate Climber, Paid Annually
    3.750%
    Year 3 Rate Climber, Paid Annually
    3.800%
    Year 4 Rate Climber, Paid Annually
    3.850%
    Year 5 Rate Climber, Paid Annually
    4.650%
    Year 1 Rate Climber Compounding
    3.600%
    Year 2 Rate Climber Compounding
    3.500%
    Year 3 Rate Climber Compounding
    3.650%
    Year 4 Rate Climber Compounding
    3.700%
    Year 5 Rate Climber Compounding
    4.800%
    List of rates for Re-Investable
    Re-Investable Rate
    15 Month Re-Investable, Paid Annually
    4.200%
    15 Month Re-Investable, Compounding
    4.150%
    List of rates for Super Saver
    Super Saver Rate
    18 Month Super Saver, Paid Semi-Annually
    4.350%
    18 Month Super Saver, Compounding
    4.300%
    List of rates for U.S. Short Term
    U.S. Short Term Rate
    30-59 Days
    1.750%
    60-89 Days
    1.950%
    90-119 Days
    2.150%
    120-179 Days
    2.400%
    180-269 Days
    3.450%
    270-364 Days
    3.700%
    List of rates for U.S. Long Term
    U.S. Long Term Rate
    12 Month
    3.000%
    24 Month
    3.500%

    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:
    List of rates for Featured Mortgages
    Featured Mortgages Rate
    5-Year Variable Rate Closed - Insured (2)
    5.850%
    5-Year Fixed Rate Closed - Insured (1)
    4.590%
    List of rates for Fixed Rate Mortgages
    Fixed Rate Mortgages Rate
    1-Year Open
    7.000%
    1-Year Closed
    5.790%
    2-Year Closed
    5.390%
    3-Year Closed
    4.990%
    4-Year Closed
    4.940%
    5-Year Closed
    4.890%
    5-Year Closed - Insured (4)
    4.590%
    7-Year Closed
    5.290%
    10-Year Closed
    5.540%
    List of rates for Variable Rate Mortgages (2)
    Variable Rate Mortgages (2) Rate
    5 Year Closed
    6.300%
    5 Year Closed - Insured (4)
    5.850%
    List of rates for Special Rates (3)
    Special Rates (3) Rate
    1 Year Closed
    5.590%
    2 Year Closed
    5.340%
    3 Year Closed
    4.790%
    4 Year Closed
    4.740%
    5 Year Closed
    4.690%
    5 Year Variable
    5.990%

    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*.
    List of rates for Prime Rate
    Prime Rate Rate
    Prime Rate
    6.70%

    Personal Loans

    Here are the starting rates* for our personal loans:
    List of rates for Personal loans
    Personal loans Rate
    Fixed (5 year)
    9.880%
    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
    7.700%
    RRSP Re-Advanceable
    6.200%
    List of rates for Lines of Credit
    Lines of Credit Rate
    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%

    Book an appointment to get personalized advice from qualified professionals.

    Book appointment

    Get up to $3,000 cash back† with a new, eligible mortgage.

    When it comes to buying a home or transferring your mortgage, our local mortgage experts will guide you through the process. What’s in it for you? Sound advice from a knowledgeable advisor and up to $3,000 cash back to help with moving fees, appliance upgrades, new furniture, anything you need for your home.

    Find out more Book an appointment

     
    Calculators

    Calculate the best rates and accounts for you

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

    View our calculators

    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

    Fill out our contact form

    Meet online or in person

    Request an appointment date and time


    View branch locations or find an ATM

    *Rates are updated daily. Rates are subject to change without notice, and are not guaranteed unless confirmed by phone or email.