LATEST
NEWS

The current Vancity CHIP rate is now 4.85% and the current Coast Capital rate is 3.88%. Regular business depositors earn little or nothing on similar accounts.

CHF BC’s Co-operative Housing Interest Pool (CHIP) with Vancity provides co-ops with above-market interest rates on their operating accounts. Almost 156 co-ops have combined deposits of more than $151 million in the pool. The current Vancity CHIP rate is now 4.60%. Regular business depositors earn little or nothing on similar accounts. The Bank of Canada … Continued

As rates are rising, the CHIP rate of 4.10% is good news for co-ops as it continues to provide above-market returns on your operating and savings accounts and continues to create value for your membership dues.

As rates are rising, the CHIP rate of 3.55% is good news for co-ops as it provides above-market returns on your operating and savings accounts and continues to create value for CHF BC membership dues.

Vancity has increased their CHIP rate for to 0.85%. This is good news for co-ops as it provides above-market returns on operating and savings accounts and continues to create value for CHF BC membership dues.

Co-ops carry debt for a few reasons: they may still be paying off their original mortgages for construction and land acquisition; they may be borrowing to secure a new lease; or they may undertake significant capital renewals (like new envelopes or parkade membrane replacements) that trigger borrowing.

Whatever the reason for having debt, interest rate trends are worth keeping an eye on.