About Northern Credit Union
Northern Credit Union is a member-owned credit union headquartered in Sault Ste. Marie, Ontario, founded in 1957 as Sault Civic Employees Credit Union. Effective January 1, 2025 it merged with Copperfin Credit Union (Kenora/Thunder Bay), continuing under the Northern Credit Union name with about 88,000 members and 29 branches in 25 northern Ontario communities.
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Access: Membership required · Open common bond
Eligible provinces: Ontario
How to join: Open a membership at any of its 29 northern Ontario branches or online.
Deposit protection: Financial Services Regulatory Authority of Ontario
prudential regulator + administers the Deposit Insurance Reserve Fund: unlimited on registered accounts, $250,000 non-registered; absorbed DICO in 2019
Current top rates
rates confirmed as of 2026-10-15| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.20% |
| 2-year GIC | 3.55% |
| 3-year GIC | 3.70% |
| 4-year GIC | 3.90% |
| 5-year GIC | 4.10% |
Base ladder rates. Institution may have more term rates below.
Rate history builds here as we track this institution's rates over time.
Term deposit rates
— not stated on siterates confirmed as of 2026-10-15Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Short-term — under 1 year | ||||||
| 30 – 59 days | Non-reg | N | — | At maturity | — | 1.70% |
| 60 – 89 days | Non-reg | N | — | At maturity | — | 1.90% |
| 90 – 179 days | Non-reg | N | — | At maturity | — | 2.00% |
| 180–364 days | Non-reg | N | — | At maturity | — | 2.30% |
| Long-term — 1 year + | ||||||
| 1 year | Non-reg | N | — | At maturity | — | 3.20% |
| 1 year | Non-reg | Y | — | At maturity | — | 2.40% |
| 2 years | Non-reg | N | — | At maturity | — | 3.55% |
| 3 years | Non-reg | N | — | At maturity | — | 3.70% |
| 4 years | Non-reg | N | — | At maturity | — | 3.90% |
| 5 years | Non-reg | N | — | At maturity | — | 4.10% |
No rates match these filters.
Escalator GICs
rates confirmed as of 2026-10-15The rate rises each year of the term. Yield is the effective annual yield the institution prints.
| Product | Yr 1 | Yr 2 | Yr 3 | Yr 4 | Yr 5 | Yield |
|---|---|---|---|---|---|---|
| 3-year escalators | ||||||
| 3-YEAR ESCALATOR3 yearsNon-reg | 3.00% | 3.50% | 4.50% | — | — | 3.67% |
| 5-year escalators | ||||||
| 5-YEAR ESCALATOR5 yearsNon-reg | 3.10% | 3.25% | 3.75% | 4.25% | 6.00% | 4.07% |
Savings & chequing rates
rates confirmed as of 2026-10-15Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| Savings | GI-Savings Account | — | — | $0 | 1.05% |
| Savings | GI-Savings Account | — | — | $15,000 | 1.05% |
| Savings | GI-Savings Account | — | — | $25,000 | 1.20% |
| Savings | GI-Savings Account | — | — | $50,000 | 1.30% |
| Savings | GI-Savings Account | — | — | $100,000 | 1.45% |
| Savings | SUPERIOR SAVINGS | — | — | $0 | 0.95% |
| TFSA | |||||
| TFSA | TAX FREE SAVINGS ACCOUNTPromo | — | — | $0 | 0.95% |
No rates match these filters.
Mortgage rates
Highlighted rows are promo ratesrates confirmed as of 2026-10-15Filter rates
| Term | Type | Open / closed | Insured | Posted rate |
|---|---|---|---|---|
| 6-month | Fixed | Open | No | 8.50% |
| 1-year | Fixed | Open | No | 8.99% |
| 1-year | Fixed | Closed | No | 5.79% |
| 2-year | Fixed | Closed | No | 5.89% |
| 3-year | Fixed | Closed | No | 4.69% |
| 3-year | Fixed | Closed | No | 6.09% |
| 4-year | Fixed | Closed | No | 6.19% |
| 5-year | Fixed | Closed | No | 4.79% |
| 5-year | Fixed | Closed | No | 6.29% |
| 5-year | Variable | Open | No | 6.45% |
| 3-year | Fixed | Closed | Yes | 4.29% |
| 5-year | Fixed | Closed | Yes | 4.49% |
No mortgage rates match these filters.
Home equity line of credit
| Product | Posted rate |
|---|---|
| Meritline Home Equity Line of Credit | 4.95% |
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