Peoples Bank Mortgage Rates & Reviews
Peoples Bank Background
People’s Bank is a financial services provider founded in 1985 and based in Vancouver, British Columbia. The bank is a subsidiary of the Triple Five Group. It offers a variety of services such as lending, investments, mortgages, and other banking services. The bank has $6.93 billion in assets under management.
Peoples Bank Prime Rate
Peoples Bank's Prime Rate is used as the basis for many of Peoples Bank's lending products including variable rate mortgages, lines of credit, and HELOCs. Prime, or P, is normally combined with a spread to make up the final interest rate.
Current Peoples Bank Prime Rate: 2.45%
Peoples Bank Fixed-Rate Mortgages
| Term | Rate | Monthly Payment |
|---|---|---|
1-Year Fixed | 2.04% | $1,703 |
2-Year Fixed | 1.99% | $1,693 |
3-Year Fixed | 1.99% | $1,693 |
4-Year Fixed | 2.04% | $1,703 |
5-Year Fixed | 2.09% | $1,713 |
The rates shown are for insured mortgages with a down payment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.
Peoples Bank Variable-Rate Mortgages
| Term | Rate | Monthly Payment |
|---|---|---|
5-Year Variable | 1.30% | $1,562 |
The rates shown are for insured mortgages with a down payment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.