Bay Credit Union Limited
Community banking in Midland and North Simcoe County.
Overview
No detailed description available.
Branches
2
Current Rates
Verified (Official Source)· Last checked Apr 16, 2026 (2d ago)
High Interest Savings0.01%up to
1-Year GIC2.50%
3-Year GIC2.89%
5-Year Fixed Mortgage3.99%
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 2.50% |
| 3-Year GIC | 2.89% |
| 5-Year GIC | 3.00% |
Pros
- • Highly competitive mortgage rates (5yr fixed at 3.99%)
- • Surcharge-free ATM access through THE EXCHANGE Network
- • Full wealth management and investment services available
Cons
- • Limited digital banking features compared to larger institutions
- • Limited branch presence (2 locations)
Best For
Residents of ON looking for a local banking alternativeHomebuyers seeking competitive mortgage ratesMembers wanting full-service banking with investment options
Products & Accounts
Chequing
Savings
GICs
RRSP
TFSA
RRIF
Mortgages
Personal Loans
Credit Cards
Business
Investments
Insurance
Membership Eligibility
StatusRestricted
Requirements:
Ontario residents
Open to residents of Ontario. Membership requires purchase of a membership share.
Membership Share (Fee)$5 share purchase
Deposit Protection
Insuring Body
FSRA
Coverage Limit
$250,000 per category
Financial Services Regulatory Authority of Ontario (FSRA) insures eligible deposits up to $250,000 per category at Ontario credit unions.
Digital & Access
- Mobile App
- Online Banking
- Interac e-Transfer
- ATM NetworkTHE EXCHANGE Network
- Digital Ratingfair
About This Data
Rate and eligibility data is gathered from official credit union websites and verified comparison sources. Always verify rates directly on the official website before making financial decisions.
Official Website