Pricing

 

Pricing is subject to change without notice and subject to credit approval.

For more information about Newfoundland and Labrador Credit Union's interest rates, please call 1-800-563-3300.

Savings RRSPs and RRIFs Personal Loans
Mortgages Credit Cards Investments
Fees and
Pricing Packages
   

Prime Rate

 

Prime Rate Interest Rate
Prime Rate 2.950%

Savings Accounts

 

Savings Accounts Interest Rate

Online Savings Account
Interest is calculated daily and paid to the account monthly. The interest rate is subject to change without notice.

0.500%

Plan 24/Daily Interest Savings
Interest is calculated daily and paid to the account monthly. The interest rate is subject to change without notice.

0.125%

Fat Cat/Head Start
Interest is calculated daily and paid to the account monthly. The interest rate is subject to change without notice.

0.125%

Monthly Savings Plan
Interest is calculated daily and paid to the account monthly. The interest rate is subject to change without notice.

0.600%

Advantage
Interest is calculated daily and paid to the account monthly.  The daily interest is calculated on the end of the day balance and the daily rate is applied to the full balance in the associated tier.

 
Advantage Tier $5001 - $ 10000 0.001%
Advantage Tier $10001 - $ 25000

0.005%

Advantage Tier $25001 - $ 60000 0.010%
Advantage Tier $60001 - $ 100000 0.025%
Advantage Tier $100000 and over 0.100%

Tax-Free Savings Accounts (TFSA)

 

Tax-Free Savings Accounts (TFSA)

TFSA Interest Saving
Interest is calculated daily and paid to the account monthly. The interest rate is subject to change without notice.

TFSA Fixed
Interest is calculated daily and paid to the account annually or upon maturity.

Interest Rate

Daily Interest Savings Account  0.500%
6 Month Fixed Term  0.400%
1 Year Fixed Term  0.850%
2 Year Fixed Term  1.050%
3 Year Fixed Term  1.150%
4 Year Fixed Term  1.250%
5 Year Fixed Term  1.500%

Registered Retirement Saving Plan (RRSP)

 

RRSP
Interest is calculated daily and paid to the deposit semi-annually.
The effective yeild of interest paid on this account is higher than the stated rate due to semi-annual interest compounding.
Interest Rate
 
6 Month Fixed Term 0.400%
1 Year Fixed Term 0.850%
2 Year Fixed Term

 1.050%

3 Year Fixed Term 1.150%
4 Year Fixed Term  1.250%
5 Year Fixed Term  1.500%
7 Year Fixed Term  1.625%

RRIFs

 

RRIFs Interest Rate

RRIF Variable
Interest is calculated daily and paid to the account monthly. The interest rate is subject to change without notice.

RRIF Fixed
Interest is calculated daily and paid to the account annually or upon maturity.

0.125%

1 Year Fixed Term

0.850%

2 Year Fixed Term 1.050%
3 Year Fixed Term 1.150%
4 Year Fixed Term 1.250%
5 Year Fixed Term 1.500%

Personal Loans

 

Personal Loans Interest Rate
Special Variable Rate Vehicle Promotion New 2017 Vehicles 2.990%
2017 Vehicles 3.500%
2017 New ATV/Snow/Water Machines 3.990%
2017 Trailers 4.990%
2017 Motorcycles 3.990%
Special Variable Rate Vehicle Promotion 2016 Vehicles 3.990%
Special Variable Rate Vehicle Promotion 2015 - 2013 Vehicles 4.990%
Vehicle 2012 and prior 5.990%
RRSP Line of Credit Base Rate (Minimum rate only)* 4.450%
Personal Line of Credit Secured Base Rate (Minimum rate only)* 3.450%
Personal Line of Credit Unsecured Base Rate (Minimum rate only)* 5.950%

 

*Line of Credit Disclosure Statement - Cost of Borrowing

Mortgages

 

Mortgages Interest Rate
Variable - 5 Years (Adjusted to Market Conditions) 2.950%
Open - 6 months 6.950%
Open - 1 Year 6.750%
Maximizer - 1 Year 2.965%
Maximizer - 2 Years 2.865%
Maximizer - 3 Years 3.265%
Maximizer - 4 Years 3.965%
Maximizer - 5 Years 4.665%
Maximizer - 7 Years 5.165%
Closed - 6 Months 4.200%
Closed - 7 - 12 Months 3.090%
Closed - 13 - 24 Months 2.990%
Closed - 25 - 36 Months 3.390%
Closed - 37 - 48 Months 4.090%
Closed - 49 - 60 Months 4.790%
Closed - 7 Years 5.290%

*Premium Rate - 5 Years (as low as)  
  Certain conditions apply. Call for details.

 

2.990%

 

Credit Cards

 

Credit Card Interest Rate
Global Payment MasterCard (Minimum Rates Only)* 10.500%
Global Gold MasterCard (Minimum Rates Only)* 10.500%

 

Credit Card Fee
GLOBAL PAYMENT MasterCard with CHOICE REWARDS* $24 annual fee
GLOBAL GOLD MasterCard* $125 annual

*Global Payment MasterCard Disclosure Statement - Cost of Borrowing

Investments

 

Investments Interest Rate

Term Deposits
Interest is calculated daily and paid to a related account annually or upon maturity.

 
Short Term Deposit 7 - 29 Days 0.100%
Short Term Deposit 30 - 59 Days 0.100%
Short Term Deposit 60 - 89 Days 0.150%
Short Term Deposit 90 - 179 Days 0.250%
Short Term Deposit 180 - 364 Days 0.400%
Long Term - 1 Year 0.850%
Long Term - 2 Year 1.050%
Long Term - 3 Year 1.150%
Long Term - 4 Year 1.250%
Long Term - 5 Year 1.500%
Long Term - 7 Year 1.625%

Debentures
Interest is calculated daily and paid to the deposit annually.

 
Debentures - 2 Year 0.925%
Debentures - 3 Year 1.025%
Debentures - 4 Year 1.125%
Debentures - 5 Year 1.375%

Fees and Pricing Packages

 

  Description  Fee
Basic Chequing Per Cheque $0.80
  Minimum Monthly $2.25
 
  Chargeback on returned items $6.00
  ATM Acculink $0.00
  Interac $2.00
  Plus $3.50
  Direct Payment $0.65
  Stop Payment $15.00
  NSF $42.50
  Overdraft charge per item  $7.50 plus 24% interest in outstanding balance
MasterPlan Basic Monthly Fee $6.50
  or Minimum Monthly Balance $1500.00 $0.00
  NSF $42.50
     
MasterPlan Safety Deposit Box Discount $10.00
  Monthly Fee $10.75
  or Minimum Monthly Balance $3000.00 $0.00
  NSF $42.50
     
MasterPlan Plus Safety Deposit Box Discount $20.00
  Monthly Fee $25.25
  or Minimum Monthly Balance $5000.00 $0.00
  NSF $42.50
     
Prime Chequing Safety Deposit Box Discount $10.00
  Free Monthly Fee  
  NSF $42.50
     
Personal US Dollar Account Transaction Fee $1.00
  Minimum Monthly Fee $1.00
     
Student Chequing Monthly Fee $0.00
  NSF $42.50
     
My Account Basic Monthly Fee $7.65
  or Minimum Monthly Balance $2000.00 $0.00
  NSF $42.50
     
My Account Unlimited Monthly Fee $14.25
  or Minimum Monthly Balance $5000.00 $0.00
  NSF $42.50
     
Fixed-Fee Premium Business Chequing Account $20.00
Fixed-Fee Prestige Business Chequing Account $45.00
Fixed-Fee Elite Business Chequing
Account
$80.00

Inactive Accounts

After 6 months inactivity $5.00 per month
  After 2 years inactivity $10.00 per month 
     

Interac
e-Transfers

Transfers from chequing accounts $1.50
  Transfers from Daily Interest Savings Acccounts and Advantage Savings Accounts

$2.25

  Transfers from Online Savings $7.25
  e-Transfers from a Monthly Savings Plan will be included in the 1 no-cost withdrawal then the $5.50 service charge will apply $5.50 after the first 1 annual withdrawal
Safety Deposit Boxes Size Annual Fee
  1.5 x 5 $45.00 + HST
  2.5 x 5 $60.00 + HST
  3.25 x 5 $60.00 + HST
  5 x 5 $90.00 + HST
  1.5 x 10.38 $75.00 + HST
  2.5 x 10.38 $90.00 + HST
  5 x 10.38 $175.00 + HST
  10 x 10.38 $275.00 + HST
     
Corporate Chequing Account Per Debit Transaction Fee $0.90 
  Minimum Monthly Fee $11.00
  NSF $42.50
  Chargeback on returned items $11.00 
    Overdraft charge per item      $20.00 
Corporate US Chequing Account Per Debit Transaction Fee $1.25
  Minimum Monthly Fee $6.75
  Minimum Balance $1000.00
     
Merchant Services

Call for details

 
     
Plan 24/Daily Interest Savings NLCU ATM

$5.50 after first 2 free per month

  ATM Interac $6.50
  ATM Plus $8.00
     

Online High Interest Savings

NLCU ATM $5.50
  ATM Interac $6.50
  ATM Plus $8.00
     
Monthly Savings Plan NLCU ATM $5.50 after first 3 free per month
  ATM Interac $6.50
  ATM Plus $8.00
     
Advantage NLCU ATM $5.50 after first 2 free per month
  ATM Interac $6.50
  ATM Plus $8.00
     

 

For information on exchange rates please call 1-800-563-3300

 

*** Rates and fees are provided for information purposes only and are subject to change at anytime.

*Certain conditions apply.

 

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