Line of Credit

Features and Details:

• Connected to your chequing account, you can access the money by writing a cheque, a pre-authorized debit, through Interac transactions 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, charged monthly

Click here to see today’s rates.

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.

• 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.