Co-ops still earning through Co-op Housing Interest Pool (CHIP)

  13 April 2021

CHF BC’s Co-operative Housing Interest Pool (CHIP) provides member co-ops with above-market interest rates on their operating accounts.  Almost 150 co-ops have combined deposits of more than $140 million in the pool. Vancity is the largest deposit holder in the program. The current Vancity CHIP rate is .60% and their posted rate for similar accounts outside the program is .10% — a difference of .50%.

The Bank of Canada cut rates three time in March of 2020 to reduce the impact of the financial shock to the Canadian economy. Financial institutions continue to adjust lending rates because of the uncertainty in the financial and real estate markets.  Rates are bound to rise eventually, but in the meantime a CHIP rate of .60% provides above-market returns on your operating and savings accounts and continues to create value for your membership dues.

This CHIP Program Handout for April 2021 from Vancity provides more information about the program’s benefits and features.

CHF BC also has similar CHIP accounts available to co-ops through our other CHIP partners, CCEC Credit Union in Vancouver and Coast Capital Savings on Vancouver Island and other parts of BC outside the Lower Mainland.

If you have any questions about CHIP or any other group buying program, please feel free to contact Arnold Sang at 604-343-2355 or by email at