Bay Credit Union Limited
Member-owned community credit union in Thunder Bay, Ontario.
Overview
Bay Credit Union is a member-owned credit union in Thunder Bay, Ontario, founded in 1946 as the People's Co-operative Credit Union; it took the BAY name in 1975 and merged with Apple Community Credit Union in 2014.
No-Fee Chequing Accounts
$23.95/mo
Standard monthly chequing fee. No free-tier option available at this credit union.
Other account options may be available. Visit Bay Credit Union Limited's website for full pricing.
Current Rates
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 2.50% |
| 3-Year GIC | 2.89% |
| 5-Year GIC | 3.00% |
Pros
- • Deposit insurance up to $250,000 per category through FSRA
- • Solid digital banking with mobile app, online banking, and Interac e-Transfer
- • Surcharge-free ATM access through THE EXCHANGE Network
Cons
- • No no-fee chequing option, all chequing accounts carry a monthly fee
- • Digital banking is functional but less polished than top-tier credit unions
Best For
Products & Accounts
Membership Eligibility
Ontario residents
Open to residents of Ontario. Membership requires purchase of a membership share.
Deposit Protection
FSRA
Unlimited in registered accounts. $250,000 per category in non-registered.
Financial Services Regulatory Authority of Ontario (FSRA) provides unlimited protection in registered accounts and up to $250,000 per category in non-registered accounts at Ontario credit unions.
Digital & Access
- Mobile App
- Online Banking
- Interac e-Transfer
- ATM NetworkTHE EXCHANGE Network
- Digital Ratingfair
Rate and eligibility data is gathered from official credit union websites and verified comparison sources. Always verify rates directly on the official website before making financial decisions.
Official WebsiteRelated reading
