Home Equity Line of Credit

A Home Equity Line of Credit gives you access to the value you have in your home, to a set limit. The interest rate is much better than credit cards and you only pay interest on what you use.

Accounts Details

Features

  • Connected to your chequing account, you can access the money by writing a cheque, using your MemberCard, or withdrawing funds in person.
  • Replace the funds with a regular deposit.
  • Interest rates much lower than credit cards.
  • If you don’t use it, you don’t pay interest.
  • Interest is calculated on the daily closing balance and charged monthly.

For today’s rates, click here.