| Financial Institution |
Prime Rate |
change +/- |
| Alterna Bank |
2.250 |
-.250 |
| Alterna Savings |
2.250 |
-.250 |
| Bank of Canada |
.250 |
-.250 |
| Caisses Desjardins |
2.250 |
-.250 |
| FirstOntario Credit Un. |
3.500 |
-.200 |
| Key Savings + Credit U. |
3.500 |
.500 |
| Laurentian Bank Canada |
2.250 |
-.250 |
| Laurentienne Trust |
2.250 |
-.250 |
| Libro Financial Group |
2.250 |
-.250 |
| National Bank |
2.250 |
-.250 |
| Ontario Civil Service CU |
2.250 |
-.250 |
| Parama Credit Union |
2.250 |
-.250 |
| President's Choice Fin'l |
2.250 |
-.250 |
| Virtual One Credit Union |
3.000 |
-1.000 |
| Windsor Family C.U. |
2.500 |
-.500 |
| Your Credit Union |
2.750 |
-.250 |
| Your Neighbourhood C.U. |
2.250 |
-.250 |
Last Update: 11-07-2009 11:30:02
The prime rate is the rate that banks give to their best and most credit-worthy customers. The rate fluctuates with the Bank of Canada decision to raise or lower short-term lending rates. The prime is important for the average consumer because loans such as home equity, mortgages credit card and automobile, rise and fall with the rate.
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