Reddy Kilowatt Credit Union Limited
Banking that goes further.
Overview
No detailed description available.
Branches
1
Current Rates
Verified (Official Source)· Last checked Apr 16, 2026 (2d ago)
High Interest Savings1.00%up to
1-Year GIC2.50%
3-Year GIC2.50%
5-Year Fixed Mortgage5.25%
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 2.50% |
| 3-Year GIC | 2.50% |
| 5-Year GIC | 2.50% |
Pros
- • Solid savings rate of 1.0%
Cons
- • Limited digital banking features compared to larger institutions
- • Single-branch location — limited in-person access
Best For
Residents of NL looking for a local banking alternative
Products & Accounts
Chequing
Savings
GICs
RRSP
TFSA
Mortgages
Personal Loans
Membership Eligibility
StatusRestricted
Requirements:
Newfoundland Power employees
Membership restricted to employees of Newfoundland Power (now Newfoundland Hydro).
Membership Share (Fee)$5 share purchase
Deposit Protection
Insuring Body
CUDGC
Coverage Limit
Unlimited
Credit Union Deposit Guarantee Corporation (CUDGC) guarantees all eligible deposits at Newfoundland and Labrador credit unions without limit.
Digital & Access
- Mobile App
- Online Banking
- Interac e-Transfer
- ATM Networkding free® ATM 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