Steinbach Credit Union
Competitive, flexible rates for all your personal and business mortgage, loan, saving, and investment needs.
Overview
Steinbach Credit Union (SCU) is a Manitoba credit union offering a full range of personal, business and investment products including chequing, savings, GICs, TFSAs, RRSPs and mortgages. Deposit products are guaranteed by the Deposit Guarantee Corporation of Manitoba and SCU provides digital banking, a mobile app and eStatements for members.
Current Rates
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 3.45% |
| 3-Year GIC | 3.60% |
| 5-Year GIC | 3.75% |
Pros
- • High-interest savings rate of 2.0% — competitive nationally
- • Excellent GIC rates — 3.45% on 1-year terms
- • Highly competitive mortgage rates (5yr fixed at 3.89%)
- • Full-featured digital banking — app, online, e-Transfer and broad ATM access
Cons
- • Smaller institution — fewer specialized product tiers than major banks
Best For
Products & Accounts
Membership Eligibility
Membership required; specific eligibility not detailed on provided pages.
Membership at Steinbach Credit Union is open to any Manitoba resident. You must live or work in Manitoba to join.
Deposit Protection
DGCM
Unlimited
Deposit Guarantee Corporation of Manitoba (DGCM) provides unlimited deposit protection on all deposits at Manitoba credit unions.
Digital & Access
- Mobile App
- Online Banking
- Interac e-Transfer
- ATM NetworkTHE EXCHANGE Network + Celero network (over 1,800 no-fee ATMs)
- Digital Ratingexcellent
Rate and eligibility data is gathered from official credit union websites and verified comparison sources. Last researched Mar 28, 2026. Always verify rates directly on the official website before making financial decisions.
Official Website