Scotia rates today for me
I am still 7 months away from the renewal so it doesn't make sense for me to renew now but I checked the rates today with my lender, Scotia Bank, and thought of sharing here:
Fixed:
2y: 4.07%
3y: 4.18%
4y: 4.33%
5y: 4.37%
Variable:
5 years variable: 3.38% (prime - 1.07)
Current rate: 4.84%
Balance: ~500k
Which one would you pick if renewing without a penalty?
u/Old-Monk7591 — 8 days ago