Rates & Fees

Rates

GHCU PRIME RATE 6.45%

As of  January 1, 2023
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Variable Car Loan Rates

Type
Rate

New Cars

6.75%

Used Cars

7.75%

Fixed Car Loan Rates

Type
Term
Rate
New Cars
1 year
6.50%
2 year
7.25%
3 year
7.75%
Used Cars
1 year
7.95%
2 year
8.75%
3 year
9.75%

Personal Loans Variable

Type
Rate

General (any purpose)

7.70% ‒ 10.70%

Consolidation (variable only)

11.20%

Fully Secured by Savings

6.45%

Fully Secured Other

(to be determined upon application minimum of 7.45%)

RRSP Catch Up Loan

Variable Rate: 6.30%
Fixed Rate: 7.55%

Personal Line of Credit

Type
Rate

RRSP Line of Credit

6.30% (if RRSP deposit here)

Christmas Line of Credit

7.25% September to January

Student Line of Credit

6.75%

Home Improvement LOC

7.45%

Unsecured Line of Credit

11.70%

Secured Line of Credit

6.45% ‒ 10.70%

Unauthorized Overdrafts

19.75%

Personal Loans Fixed

Type
Term
Rate
General (any purpose)
1 year
6.45% ‒ 10.45%
2 year
6.70% ‒ 10.45%
3 year
6.95% ‒ 11.20%

Residential Mortgages

Type
Term
Rate
First Mortgage
1 year closed
5.60%
2 year closed
5.45%
3 year closed
5.55%
5 year closed
5.65%
1 year open
8.00%
Second Mortgage
1 year closed
6.60%
2 year closed
7.30%
3 year closed
7.50%
5 year closed
7.70%
I year open
9.00%

Flex-Line Home Equity Line of Credit

Type
Rate

First Mortgage

6.45%

Second Mortgage

7.45%

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Short Term Deposits

Term
$5,000
$10,000
$25,000+
30 to 89 days
0.15%
0.20%
0.25%
90 to 179 days
0.15%
0.20%
0.25%
180 to 364 days
0.15%
0.20%
0.25%

RRSP, RRIF, TFSA, and GIC Long Term Deposits

Interest can be paid annually or compounded and paid at maturity. 

Term
$500
$10,000
$25,000
$50,000
$100,000
1 year
3.90%
4.00%
4.10%
4.15%
4.25%
2 year
4.05%
4.15%
4.25%
4.30%
4.40%
3 year
4.15%
4.25%
4.35%
4.40%
4.50%
4 year
4.40%
4.50%
4.60%
4.65%
4.75%
5 year
4.50%
4.70%
4.80%
4.85%
4.95%

Variable Rate RRSP / RRIF Deposits

Factor
Rate

Interest is paid semi-annually: June and December

0.25%

Minimum Monthly Savings Account

Factor
Rate

Interest is paid quarterly: March, June, September, and December

0.05%

Golden Age Savings Account

Factor
Rate

Interest is paid quarterly: March, June, September, and December

0.15%

U.S. Savings Account

Factor
Rate

Interest is paid quarterly: March, June, September, and December

0.05%

Property Tax Savings Account

Factor
Rate

Interest is paid quarterly: March, June, September, and December

0.05%

Chequing Account

Factor
Rate

Non-interest bearing

N/A

Products & Services Guide Fees

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Chequing Account Fees

As of Jan 1, 2023
Fee Type
Regular Chequing Account
Chequing Package Plan
Monthly Package Plan
n/a
$8.00
Cheque Writing & EFTs (electronic fund transfers)
$.70
Free - unlimited transactions
Golden Horseshoe Credit Union ATM
Free - unlimited transactions
Free - unlimited transactions
Other Institutions ATMs - Interac
$1.55
Free - unlimited transactions
U.S or International ATMs
$3.05
Free - unlimited transactions
Direct Payment (P.O.S)
$.80
Free - unlimited transactions
E-transfer
$1.50
$1.50
Bill Payment - Counter
$1.75 per bill
Free - unlimited transactions
Bill Payment - Online
$0.75
Free - unlimited transactions
Stop Payments
$10.00
Free - unlimited transactions
Certified Cheques
$10.00
Free - unlimited transactions
NSF Cheques / Pre-authorized Payments
$50.00
$50.00
Transfers to cover Overdraft if done by the Credit Union
$7.00
$7.00
Telephone Transfers
$5.00
Free - unlimited transactions
Personalized Cheques
at cost
50 Free per year
Unauthorized Overdraft & over limit on Line of Credit or over draft
$25.00
$25.00

Note: To qualify for the Golden Age Package Plan a member must be: 1) 60 years of age  2) Primary member on joint accounts other than with spouse

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Saving Account Fees

As of Jan 1, 2023
Fee Type
Amount

ATM (other than GHCU ATM)

$1.55 (GHCU ATM FREE to all members)

Point Of Sale

$0.80

E-transfer

$1.50

Cirrus Transaction (card used outside of Canada)

$3.05

ATM Card Replacement

$5.00

Unauthorized Over Draft Charge

$25.00

Searching Members Records

$50.00 per hour
(1 hour minimum)

RRSP, RRIF, TFSA Transfer Out
(to other financial institution)

$100.00

Inactive Membership Notice (2 years)

$50.00

Dormant Account Annual Maintenance  Fee

$50.00

Official Cheque Under $2000.00 (free for Golden Age Package Plan members)

$5.00

Interest Paid Letter

$25.00

Estate Redemption

$100.00

Collection Item

$20.00

Account Closed Within 90 Days

$40.00

Account Transfers To Other Financial

$40.00

Letter Of Account Verification

$15.00

Trace Request

$20.00

Semiannual Mailed Statement 

$2.00

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Golden Account Fees

As of Jan 1, 2023
Fee Type
Golden Age Package Plan

Monthly Package Plan

Free for 60+

Cheque Writing & EFTs
(electronic fund transfers)

Free - unlimited transactions

Golden Horseshoe Credit Union ATM

Free - unlimited transactions

Other Institutions ATMs - Interac

Free - unlimited transactions

U.S. or International ATMs

Free - unlimited transactions

Direct Payment
(P.O.S.)

Free - unlimited transactions

E-transfer

$1.50

Bill Payment - Counter

Free - unlimited transactions

Bill Payment - Online

Free - unlimited transactions

Stop Payments

$10.00

Certified Cheques

$10.00

NSF Cheques / Pre-authorized Payments

$50.00

Transfers to cover Overdraft if done by the Credit Union

$7.00

Telephone Transfers

Free - unlimited transactions

Personalized Cheques

50 Free per Year

Unauthorized Overdraft & / or going over Limit of Authorized Overdraft or Line of Credit

$25.00

Note: To qualify for the Golden Age Package Plan a member must be: 1) 60 years of age  2) Primary member on joint accounts other than with spouse

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Mortgage Fees 

As of Jan 1, 2023
Fee Type
Amount

Appraisals

Individually Priced

Corporate Draft Disbursement

2 Free then $5.00

Discharge Fee

$300.00

Late Payment Fee

$25.00

NSF Payment Fee

$50.00

Home Equity Line Of Credit Changes

$10.00

Mortgage Top Up

$275.00

Mortgage Payout Letter/Statement

$25.00

Payment Alteration Fee

$25.00

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Loan Fees 

As of January 1, 2023
Fee Type
Amount

Bridge Loan

$275.00

Corporate Draft Disbursement

2 Free then $5.00 each

Lien Search

$21.80

Late Payment Fee

$25.00

NSF Payment Fee

$50.00

Loan Processing Fee (loans under $5000.00)

$50.00

Payment Alteration Fee

$10.00