About Bay Credit Union
Bay Credit Union Limited is a member-owned credit union in Thunder Bay, Ontario, founded in 1946 as the People's Co-operative Credit Union Limited to serve Port Arthur's Finnish-speaking community; it expanded to all of Thunder Bay and took the Bay name in 1975, and merged with Apple Community Credit Union in 2014. It serves over 4,500 members with more than $90 million in assets from two Thunder Bay branches.
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Access: Membership required · Open common bond
Eligible provinces: Ontario
How to join: Visit a Thunder Bay branch to open a membership and purchase a membership share.
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 2026-09-27| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 2.25% |
| 2-year GIC | 2.75% |
| 3-year GIC | 3.20% |
| 4-year GIC | 3.40% |
| 5-year GIC | 3.60% |
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 2026-09-27Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Short-term — under 1 year | ||||||
| 30 – 59 days | Non-reg | N | — | At maturity | — | 0.55% |
| 60 – 89 days | Non-reg | N | — | At maturity | — | 0.65% |
| 90 – 179 days | Non-reg | N | — | At maturity | — | 0.85% |
| 180 – 364 days | Non-reg | N | — | At maturity | — | 0.95% |
| Long-term — 1 year + | ||||||
| 1 year | Non-reg | N | — | At maturity | — | 2.25% |
| 2 years | Non-reg | N | — | At maturity | — | 2.75% |
| 3 years | Non-reg | N | — | At maturity | — | 3.20% |
| 4 years | Non-reg | N | — | At maturity | — | 3.40% |
| 5 years | Non-reg | N | — | At maturity | — | 3.60% |
No rates match these filters.
Savings & chequing rates
rates confirmed as of 2026-09-27Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| RRSP | |||||
| RRSP | Variable Rate RRSP | Daily | Monthly | $0 | 0.30% |
| TFSA | |||||
| TFSA | Savings TFSA (interest paid monthly) | Daily | Monthly | $0 | 1.25% |
No rates match these filters.
Mortgage rates
Highlighted rows are promo ratesrates confirmed as of 2026-09-27Filter rates
| Term | Type | Open / closed | Insured | Posted rate |
|---|---|---|---|---|
| 1-year | Fixed | Open | No | 8.25% |
| 1-year | Fixed | Closed | No | 5.69% |
| 2-year | Fixed | Closed | No | 5.39% |
| 3-year | Fixed | Closed | No | 4.29% |
| 4-year | Fixed | Closed | No | 4.99% |
| 5-year | Fixed | Closed | No | 5.89% |
| 3-year | Fixed | Closed | Yes | 3.99% |
| 3-year | Fixed | Closed | Yes | 4.29% |
No mortgage rates match these filters.
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