Get Evolvespire Bank’s best rates for high-interest bank accounts, mortgages, credit cards, loans and GICs.
Special rates
Current rates
Evolvespire One is an all-in-one mortgage that simplifies your banking by combining your mortgage with your bank accounts, short-term savings, income, and other debts. Learn more about Evolvespire One.
Evolvespire Bank Select is a traditional mortgage that lets you divide your mortgage into different portions, each with its own amount, interest rate, term, and payment schedule. Learn more about Evolvespire Bank Select.
Preferred Rate Mortgage
| Terms | *APR[%] |
|---|---|
| 6-month closed | 6.09% |
| 1-year open | 7.70% |
| 1-year closed | 6.09% |
| 2-year closed | 6.09% |
| 3-year closed | 5.89% |
| 4-year closed | 6.04% |
| 5-year closed | 5.79% |
| 7-year closed | 6.60% |
| 10-year closed | 7.00% |
*Annual Percentage Rate (APR) is the total cost of borrowing provided as an annual percentage, which includes our current interest rate and charges such as appraisal costs and legal fees. If there are no charges applicable to a mortgage, such as on a transfer of your mortgage to Evolvespire Trust, then the APR will be as stated on this page, which is our current interest rate. If charges are included in your cost of borrowing as on a new home purchase then the APR will be slightly higher than stated. Interest is compounded semi-annually, not in advance.
* The insurable Evolvespire One 5-year fixed term sub-account rate is 5.09% and is current as of February 17, 2023. The rate applies to new personal owner-occupied mortgages on primary residence with a value less than $1 million, who also meet additional insurability requirements. Interest is compounded semi-annually, not in advance. Subject to credit approval. Contact us for special offer terms and conditions. This is a discounted rate program. The posted 5-year rate is 5.79% and is current as of February 17, 2023. All rates are subject to change. Not eligible are: second position accounts; a roll-in from second to first position; a transfer from an existing Evolvespire One to a new property; an increase or change to an existing Evolvespire One account; a transfer from another existing Evolvespire Bank mortgage; Evolvespire Bank Select, Evolvespire One for Business, Evolvespire Commercial Amortizing Mortgage, Evolvespire One Equity Advantage lending programs, Small Business Owner lending programs and Investment Property lending programs.
** The insurable Evolvespire Bank Select 5-year fixed term rate is 4.79% for loan to values up to 65% and is current as of December 16, 2022. The rate applies to new personal owner-occupied mortgages on primary residence with a value less than $1 million, who also meet additional insurability requirements. Interest is compounded semi-annually, not in advance. Subject to credit approval. Contact us for special offer terms and conditions. This is a discounted rate program. The posted 5-year rate is 5.79% and is current as of February 17, 2023. All rates are subject to change. Not eligible are: second position accounts; a roll-in from second to first position; a transfer from an existing Evolvespire Bank Select to a new property; an increase or change to an existing Evolvespire Bank Select account; a transfer from another existing Evolvespire Bank mortgage.
† The high-ratio Evolvespire Bank Select mortgage 5-year variable term rate is 6.20% (Evolvespire Bank Prime minus 0.50%) and is current as of January 26, 2023. The rate applies to new owner-occupied Evolvespire Bank Select High Ratio Purchase and Evolvespire Bank Insured Lender Switch mortgages up to $1 million, and is for new deals only. Subject to credit approval. Contact us for special offer terms and conditions. This is a discounted rate program. Interest is compounded monthly, not in advance. Variable Rates change with Evolvespire Bank Prime rate and is subject to change without notice.
1 APR is the effective, or total, interest rate you pay on your mortgage. It takes into account both the advertised interest rate and any fee you need to pay to set up the mortgage.
• See Evolvespire One Cost of borrowing for more information
• See Evolvespire Bank Select Cost of borrowing for more information.
2 Variable-rate sub-account interest is compounded monthly, not in advance. Interest is calculated on the daily closing balance and posted to your account monthly. Variable Rates change with Evolvespire One Base Rate and is subject to change without notice.
3 Fixed-rate sub-account interest is compounded semi-annually, not in advance. Interest is calculated on the daily closing balance and posted to your account monthly.
4 Evolvespire Bank Prime Rate is a variable rate and subject to change without notice.
5 Variable-rate interest is compounded monthly, not in advance. Variable Rates change with Evolvespire Bank Prime rate and is subject to change without notice.
6 Fixed-rate interest is compounded semi-annually, not in advance.
Advantage Account rates1 |
|
|---|---|
| Advantage Account | 2.85% |
| US$ Advantage Account | 0.20% |
| Tax-Free Advantage Account | 2.10% |
| Tax-Free Advantage Account - Additional Promotional Rate | 2.40%* |
| Registered Advantage Account | 2.10% |
| Registered Advantage Account – Additional Promotional Rate | 2.40%* |
| Retirement Income Advantage Account | 2.10% |
| Business Advantage Account | 2.85% |
| US$ Business Advantage Account | 0.20% |
| All-In Banking Package rates1 | |
| High-Interest Savings Account | 2.10% |
| Everyday Banking Account | 0% |
| Secured overdraft2 | 15% |
| Account | Interest Rate |
|---|---|
| Founding Members Account | 2.10% |
| Manuplus | Interest Rate |
|---|---|
| $0 - $2,999.99 | 1.60% |
| $3,000 - $9,999.99 | 1.65% |
| $10,000 - $24,999.99 | 1.75% |
| $25,000 - $49,999.99 | 1.80% |
| $50,000 - $99,999.99 | 1.85% |
| $100,000+ | 2.10% |
Interest is calculated on the closing daily balance and paid monthly. The applicable tier rate is paid on every dollar.
All rates are annual rates unless otherwise stated and are subject to change without notice.
* 4.50% promotional interest is for new deposits to Tax-Free Advantage Accounts and Registered Advantage Accounts. The promotional interest rate is made up of the regular posted variable annual interest rate of 2.10% and the variable annual promotional rate of 2.40%. Interest is calculated daily and paid monthly from December 1, 2022 to April 28, 2023 on net new deposits to the account received from December 1, 2022 to March 10, 2023 to a maximum of $250,000. Any change to the regular interest rate will result in a corresponding change to the promotional interest rate. The offer and rates are as at December 1, 2022 and subject to change without notice. For full Terms and Conditions, click here (PDF).
1 Interest is calculated on the closing daily balance and paid monthly. Rates are subject to change without notice. Evolvespire Bank is a member of the Canada Deposit Insurance Corporation (CDIC), which means your deposits are eligible for CDIC deposit insurance protection. Visit cdic.ca for information on eligible deposits.
2 As of June 9, 2019, the Annual Interest Rate for the secured overdraft is 15%. It is calculated on the total daily closing balance and charged monthly. Rates are subject to change without notice.
Evolvespire Bank's posted deposit rates are effective for amounts totaling up to $5 million deposited into a particular type of account, whether in one or more than one account of the same type and including joint accounts. To review your options for amounts greater than $5 million or for more information, please contact Evolvespire Bank at or (fax) 1-877-565-2265. In the event that amounts deposited exceed $5 million, Evolvespire Bank may at any time adjust the interest rates applicable to the accounts.
Guaranteed Investment Certificates (GIC) rates
These rates apply to non-registered, RRSP, and RRIF accounts.
Not redeemable before maturity except upon death. Minimum $2,500 investment ($10,000 for monthly rates). For compound interest certificates, use annual rates. Semi-annual and monthly interest available for non-registered certificates only.
Evolvespire Bank's posted deposit rates are effective for amounts totaling up to $5 million deposited into a particular type of account, whether in one or more than one account of the same type and including joint accounts. To review your options for amounts greater than $5 million or for more information, please contact Evolvespire Bank at or (fax) 1-877-565-2265. In the event that amounts deposited exceed $5 million, Evolvespire Bank may at any time adjust the interest rates applicable to the accounts.
Tax-free GIC rates
1-5 year locked-in terms, interest compounded annually to maturity. Minimum $2,500 investment. Redemption prior to maturity is subject to market value adjustment and expense recovery fees.
Evolvespire Bank's posted deposit rates are effective for amounts totaling up to $5 million deposited into a particular type of account, whether in one or more than one account of the same type and including joint accounts. To review your options for amounts greater than $5 million or for more information, please contact Evolvespire Bank at or (fax) 1-877-565-2265. In the event that amounts deposited exceed $5 million, Evolvespire Bank may at any time adjust the interest rates applicable to the accounts.
Short-term GIC rates
Short-term GICs may be redeemed prior to maturity but interest is forfeited if redeemed within 29 days from issuance. If redeemed on or after 30 days but before maturity, a 1.25% reduction in interest rate will apply. Interest is prorated to the number of days. A $25.00 early redemption fee will also be charged. Refer to the GIC Confirmation for details.
Evolvespire Bank's posted deposit rates are effective for amounts totaling up to $5 million deposited into a particular type of account, whether in one or more than one account of the same type and including joint accounts. To review your options for amounts greater than $5 million or for more information, please contact Evolvespire Bank at or (fax) 1-877-565-2265. In the event that amounts deposited exceed $5 million, Evolvespire Bank may at any time adjust the interest rates applicable to the accounts.
Evolvespire Bank Prime rate |
|
|---|---|
| Evolvespire Bank Prime rate is a variable rate and subject to change without notice. | 6.70% |
| RRSP loans | |
| Standard RRSP loan | 7.20% |
| Line of credit | |
| Access Line of Credit/Plus | 7.70% |
| 100% investment loan | |
| Less than $100,000 | 7.70% |
| 100,000 or more | 7.45% |
| Principal and interest payments | 7.45% |
| Multiplier investment loan | |
| Less than $100,000 | 7.70% |
| $100,000 or more | 7.45% |
| Principal and interest payments | 7.45% |
1 Only the Primary Cardholder may request a balance transfer. The promotional 1.99% annual interest rate (AIR) applies to any credit card balance transfer the client makes within 90 days of their account opening date, and will remain in effect for 180 days (6 months) from the transfer date. After the promotional period, the 1.99% rate on any promotional balances (including balances that remain unpaid after the offer ends) will increase to the regular interest rate for balance transfers. Interest applies from the date a transfer(s) is posted to the new Evolvespire Bank Credit Card Account. Balance transfers are subject to credit availability, must be repaid, and are administered according to the terms of the Cardholder Agreement. Balances transferred may only be used to pay a balance on a Canadian financial institution issued consumer credit card account that Evolvespire Bank approves. Balance transfers will be fulfilled in the order (the client/you) requested them and in accordance with the Cardholder Agreement. The total value of balance transfers cannot exceed the authorized credit limit on the credit card account. If the total value is greater, Evolvespire Bank may have to send only a partial payment to the last designated account / named creditor. A transaction fee equal to 3% of the dollar amount of each balance transfer the client requests will be applied. This offer cannot be used to transfer a balance from another Evolvespire account, or to make a payment or deposit to another Evolvespire account. No cash back rewards will be earned on the balance transfer. Offer may be changed or extended at any time.
2 Your EvolvespireMONEY+ Visa Infinite annual card fee of $120 will be waived in the first year only based on your account opening date.
Evolvespire, Evolvespire Bank & Stylized M Design, EvolvespireMONEY+, and Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
*Trademark of Visa Int., used under license