Overview
Libro Credit Union is southwestern Ontario's community credit union serving over 107,000 members. Known for outstanding community investment (returning 5% of profit to communities), Libro offers competitive rates and exceptional personal service.
Current Rates
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 3.05% |
| 3-Year GIC | 3.25% |
| 5-Year GIC | 3.20% |
Pros
- • Solid savings rate of 0.85%
- • Competitive GIC rates (3.05% on 1-year terms)
- • Solid mobile and online banking with Interac e-Transfer
- • Surcharge-free ATM access through THE EXCHANGE Network
Cons
- • Smaller institution — fewer specialized product tiers than major banks
Best For
Products & Accounts
Membership Eligibility
Must live or work in southwestern Ontario
Membership is open to those who live, work, worship, or attend school in Libro's defined service area in southwestern Ontario (London, Windsor, Kitchener, Guelph and surrounding communities).
Deposit Protection
FSRA
$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 Ratinggood
Rate and eligibility data is gathered from official credit union websites and verified comparison sources. Last researched Mar 23, 2026. Always verify rates directly on the official website before making financial decisions.
Official Website