About Parama Credit Union
Parama Credit Union is a Toronto credit union established in 1952 by post-WWII Lithuanian immigrants and is the world's largest Lithuanian credit union by assets and members, serving over 6,000 members with more than $210 million in assets. It offers personal and business banking from two Toronto branches (Kingsway and Roncesvalles/Lithuanian House).
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Access: Membership required · Open common bond
Eligible provinces: Ontario
How to join: Apply online or at a Toronto branch 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, $250,000 non-registered; absorbed DICO in 2019
Current top rates
rates confirmed as of 2026-10-15| GIC ladder | Best rate |
|---|---|
| 1-year GIC | 3.25% |
| 2-year GIC | 3.35% |
| 3-year GIC | 3.50% |
| 4-year GIC | 3.60% |
| 5-year GIC | 3.75% |
Base ladder rates. Institution may have more term rates below.
GIC rate history
Best historical posted GIC rate by term
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Tracked since Jul 16, 2026 · 34 snapshots
Term deposit rates
— not stated on siterates confirmed as of 2026-10-15Filter rates
| Term | Registration | Redeemable | Compounding | Interest paid | Min–Max deposit | Rate |
|---|---|---|---|---|---|---|
| Long-term — 1 year + | ||||||
| 1 year | Non-regRRSPRESPRRIFTFSAFHSA | N | — | At maturity | — | 3.25% |
| 1 year | TFSA | cashable | — | At maturity | — | 2.50% |
| 2 years | Non-regRRSPRESPRRIFTFSAFHSA | N | — | At maturity | — | 3.35% |
| 3 years | Non-regRRSPRESPRRIFTFSAFHSA | N | — | At maturity | — | 3.50% |
| 4 years | Non-regRRSPRESPRRIFTFSAFHSA | N | — | At maturity | — | 3.60% |
| 5 years | Non-regRRSPRESPRRIFTFSAFHSA | N | — | At maturity | — | 3.75% |
| U.S. dollar — all terms | ||||||
| 1 year | Non-reg | N | — | At maturity | — | 1.50% |
| 1 year | Non-reg | cashable | — | At maturity | — | 2.50% |
No rates match these filters.
Savings & chequing rates
rates confirmed as of 2026-10-15Filter rates
| Type | Product | Calculated | Paid | Min. balance | Rate |
|---|---|---|---|---|---|
| Savings | |||||
| Savings | Daily Interest Premium Savings | — | — | — | 2.50% |
| USD | U.S. Dollar Daily Interest SavingsUS$ | — | — | — | 1.00% |
| EUR | Euro Daily Interest Savings€ | — | — | $0 | 0.10% |
| Chequing | |||||
| Chequing | Daily Interest Chequing and Savings | — | — | $0 | 0.25% |
| Chequing | Daily Interest Chequing and Savings | — | — | $5,000 | 0.25% |
| Chequing | Daily Interest Chequing and Savings | — | — | $10,000 | 0.50% |
| Chequing | Daily Interest Chequing and Savings | — | — | $25,000 | 0.50% |
| Chequing | Daily Interest Chequing and Savings | — | — | $60,000 | 0.50% |
| RRSP | |||||
| RRSP | Daily Interest Variable | — | — | — | 2.50% |
| RESP | |||||
| RESP | Daily Interest Variable | — | — | — | 2.50% |
| RRIF | |||||
| RRIF | Daily Interest Variable | — | — | — | 2.50% |
| TFSA | |||||
| TFSA | Daily Interest Variable | — | — | — | 2.50% |
| FHSA | |||||
| FHSA | Daily Interest Variable | — | — | — | 2.50% |
No rates match these filters.
Mortgage rates
rates confirmed as of 2026-10-15Filter rates
| Term | Type | Open / closed | Insured | Posted rate |
|---|---|---|---|---|
| 1-year | Fixed | Open | No | 5.99% |
| 1-year | Fixed | Closed | No | 3.90% |
| 2-year | Fixed | Closed | No | 4.49% |
| 3-year | Fixed | Closed | No | 4.49% |
| 4-year | Fixed | Closed | No | 4.49% |
| 5-year | Fixed | Closed | No | 4.49% |
| No set term | Variable | Open | No | 6.20% |
| 5-year | Variable | Closed | No | 4.20% |
No mortgage rates match these filters.
Home equity line of credit
| Product | Posted rate |
|---|---|
| Home Equity Line of Credit | 4.85% |
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