Desjardins
This Page's Content Was Last Updated: July 21, 2026
Credit Union
Desjardins
Desjardins is a credit union located in Ontario and Québec. It was founded in 1900. It primarily serves Working-class Canadians.
Desjardins is Canada’s largest cooperative financial group and is widely recognized as North America’s largest financial cooperative group. Its origins date to December 6, 1900, when the Caisse populaire de Lévis was founded in Lévis, Quebec, by Alphonse Desjardins, with support from Dorimène Desjardins.
Desjardins is owned and governed by its members, who elect representatives and participate in its democratic governance. As a cooperative, it can return surplus earnings to members and reinvest in communities rather than distribute profits to outside shareholders.
Desjardins offers personal and business banking, insurance, wealth management, and investment products. It also contributes to communities through sponsorships, scholarships, donations, and local development initiatives.
With roots in Quebec and a significant presence in Ontario, Desjardins operates as a Canadian cooperative financial institution serving members, clients, businesses, and communities.
Provinces served
Mortgage Rates
The mortgage rates on this page were last updated on August 5, 2026 at 5:46 PM ET.
| Lender | Term | Rate | |
|---|---|---|---|
| 4-Year Fixed | 4.39% | ||
| 5-Year Fixed | 4.49% | ||
| 5-Year Variable | 4.10% | ||
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at any time and may be applicable only to certain borrowers. Terms and conditions apply. | |||
GIC Rates
The GIC rates on this page were last updated on August 5, 2026 at 11:14 AM ET.
| Term | Rate |
|---|---|
| 1-Month | 1.70% |
| 3-Month | 1.90% |
| 6-Month | 2.20% |
| 9-Month | 2.30% |
| 1-Year | 2.80% |
| 2-Year | 3.00% |
| 3-Year | 3.10% |
| 4-Year | 3.15% |
| 5-Year | 3.35% |
* Rates are for informational purposes only and reflect the highest rates available. Rates may change at any time and may be applicable only to certain depositors. Terms and conditions apply. | |
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Chequing Accounts
Chequing Account
1. Account: Basic plan
- Standard Fee
- $3.95/mo
- Free Transactions
- 12
- Max e-Transfer / Day
- $5,000
- Insurance Limit (Non-Registered)
- Select your province to see the coverage limit.
- Insurance Limit (Registered)
- Select your province to see the coverage limit.
Account details
- The monthly account fee is waived if you maintain a minimum balance of $1,500 in your account.
- The account fee might be waived for seniors.
- This account allows 12 free transactions.
- E-Transfers are excluded from the transaction limit and is unlimited.
- Maximum Interac e-Transfer per day: $5,000
- This limit may vary depending on the client profile.
Deposit Insurance
Select your province to see the coverage limit.
Chequing Account
2. Account: Intermediate plan
- Standard Fee
- $10.95/mo
- Free Transactions
- 30
- Max e-Transfer / Day
- $5,000
- Insurance Limit (Non-Registered)
- Select your province to see the coverage limit.
- Insurance Limit (Registered)
- Select your province to see the coverage limit.
Account details
- The monthly account fee is waived if you maintain a minimum balance of $3,000 in your account.
- This account allows 30 free transactions.
- E-Transfers are excluded from the transaction limit and is unlimited.
- Maximum Interac e-Transfer per day: $5,000
- This limit may vary depending on the client profile.
Deposit Insurance
Select your province to see the coverage limit.
Chequing Account
3. Account: Unlimited plan
- Standard Fee
- $15.95/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $5,000
- Insurance Limit (Non-Registered)
- Select your province to see the coverage limit.
- Insurance Limit (Registered)
- Select your province to see the coverage limit.
Account details
- The monthly account fee is waived if you maintain a minimum balance of $4,000 in your account.
- The account fee may be waived for students and youth.
- This account allows Unlimited free transactions.
- Transactions within a non-registered regular savings account do not count toward the transaction limit.
- Maximum Interac e-Transfer per day: $5,000
- This limit may vary depending on the client profile.
Deposit Insurance
Select your province to see the coverage limit.
Chequing Account
4. Account: Unlimited Plus plan
- Standard Fee
- $23.95/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $5,000
- Insurance Limit (Non-Registered)
- Select your province to see the coverage limit.
- Insurance Limit (Registered)
- Select your province to see the coverage limit.
Account details
- The monthly account fee is waived if you maintain a minimum balance of $5,000 in your account.
- This account allows Unlimited free transactions.
- Maximum Interac e-Transfer per day: $5,000
- This limit may vary depending on the client profile.
Deposit Insurance
Select your province to see the coverage limit.
Savings Accounts
Savings Account
Account: FHSA
- Interest Rate
- 2.00%
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $5,000
- Insurance Limit (Non-Registered)
- Select your province to see the coverage limit.
- Insurance Limit (Registered)
- Select your province to see the coverage limit.
Account details
- This account allows 0 free transactions.
- No information is provided about free transactions.
- Maximum Interac e-Transfer per day: $5,000
- This limit may vary depending on the client profile.
- A Desjardins Everyday Account is required before opening a savings account.
Deposit Insurance
Select your province to see the coverage limit.
Savings Account
Account: Non-registered savings account
- Interest Rate
- 0.55%
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $5,000
- Insurance Limit (Non-Registered)
- Select your province to see the coverage limit.
- Insurance Limit (Registered)
- Select your province to see the coverage limit.
Account details
- This account allows 0 free transactions.
- No information is provided about free transactions.
- Maximum Interac e-Transfer per day: $5,000
- This limit may vary depending on the client profile.
- A Desjardins Everyday Account is required before opening a savings account.
Deposit Insurance
Select your province to see the coverage limit.
Savings Account
Account: RRSP
- Interest Rate
- 0.55%
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $5,000
- Insurance Limit (Non-Registered)
- Select your province to see the coverage limit.
- Insurance Limit (Registered)
- Select your province to see the coverage limit.
Account details
- This account allows 0 free transactions.
- No information is provided about free transactions.
- Maximum Interac e-Transfer per day: $5,000
- This limit may vary depending on the client profile.
- A Desjardins Everyday Account is required before opening a savings account.
Deposit Insurance
Select your province to see the coverage limit.
Savings Account
Account: TFSA
- Interest Rate
- 0.35%
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $5,000
- Insurance Limit (Non-Registered)
- Select your province to see the coverage limit.
- Insurance Limit (Registered)
- Select your province to see the coverage limit.
Account details
- This account allows 0 free transactions.
- No information is provided about free transactions.
- Maximum Interac e-Transfer per day: $5,000
- This limit may vary depending on the client profile.
- A Desjardins Everyday Account is required before opening a savings account.
Deposit Insurance
Select your province to see the coverage limit.
Credit Union Overview
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $510B | +8.3% | +28.5% |
| Loans | $315B | +8.7% | +36.0% |
| Deposits | $329B | +9.5% | +38.2% |
| Mortgages + HELOCs | $199B | +10.5% | +27.9% |
| Revenue | $16.3B | +11.2% | -19.7% |
| Efficiency Ratio | 71.4% | — | — |
| Members | ~10,000,000 | — | — |
| Branches | 587 | — | — |
| Target Members / Region | Working-class Canadians | — | — |
Desjardins Deposits, Loans and Revenue in the Past 5 Years
Desjardins's Financial Highlights
Source: Desjardins' Quarterly and Annual Financial Reports
Accounting change: Desjardins adopted IFRS 17 in 2023 and restated 2022 figures. Data before 2022 is reported under IFRS 4 and is not directly comparable.
Financial Highlights: Dataset
| ($ Millions) | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Interest Income | $1,126 | $1,573 | $1,417 | $1,842 | $1,831 | $1,892 | $1,470 | $1,996 | $1,715 | $2,067 | $1,985 | $2,262 |
| Net Interest Income | $1,541 | $1,666 | $1,716 | $1,696 | $1,733 | $1,861 | $1,915 | $1,962 | $1,967 | $2,024 | $2,137 | $2,151 |
| Total Revenue | $2,667 | $3,239 | $3,133 | $3,538 | $3,564 | $3,753 | $3,385 | $3,958 | $3,682 | $4,091 | $4,122 | $4,413 |
| Total Assets | $398,604 | $409,558 | $414,056 | $422,940 | $435,819 | $444,348 | $464,677 | $470,942 | $487,946 | $501,254 | $511,856 | $510,242 |
Source: Desjardins' Quarterly and Annual Financial Reports
Total Assets
Source: Desjardins' Quarterly and Annual Financial Reports
Proportional Breakdown of Non-Interest and Interest Income
Source: Desjardins' Quarterly and Annual Financial Reports
Accounting change: Desjardins adopted IFRS 17 in 2023 and restated 2022 figures. Data before 2022 is reported under IFRS 4 and is not directly comparable.
Credit Risk Data
Source: Desjardins' Quarterly and Annual Financial Reports
Provision for Credit Losses (PCL) Breakdown by Loan Category
| ($ Millions) | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|
| PCL Mortgages | $1 | $0 | $2 | $-1 |
| PCL Personal Loans | $94 | $81 | $75 | $112 |
| PCL Business-Government | $117 | $31 | $76 | $100 |
Source: Desjardins' Quarterly and Annual Financial Reports
Allowance for Credit Losses (ACL) Breakdown by Loan Category
| ($ Millions) | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|
| ACL Mortgages | $104 | $106 | $109 | $107 |
| ACL Personal Loans | $619 | $608 | $588 | $602 |
| ACL Business-Government | $909 | $933 | $788 | $890 |
Source: Desjardins' Quarterly and Annual Financial Reports
Net Write-Offs Breakdown by Loan Category
| ($ Millions) | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|
| Write-offs Mortgages | $-1 | $-2 | $-1 | $1 |
| Write-offs Personal Loans | $97 | $92 | $95 | $98 |
| Write-offs Business-Government | $6 | $7 | $-257 | $-2 |
Source: Desjardins' Quarterly and Annual Financial Reports
Gross Loans vs. Net Loans
Source: Desjardins' Quarterly and Annual Financial Reports
Credit Risk and Loans
| ($ Millions) | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Net Write-Offs | $61 | $77 | $76 | $122 | $98 | $150 | $95 | $109 | $101 | $102 | $97 | $315 |
| PCL | $105 | $66 | $127 | $231 | $133 | $87 | $105 | $272 | $210 | $203 | $112 | $163 |
| ACL | $1,136 | $1,125 | $1,169 | $1,273 | $1,317 | $1,254 | $1,257 | $1,420 | $1,403 | $1,511 | $1,530 | $1,374 |
| Total Gross Loans | $253,431 | $258,776 | $262,965 | $267,115 | $270,233 | $278,160 | $283,814 | $290,917 | $297,731 | $307,785 | $313,781 | $316,077 |
| Total Net Loans | $252,394 | $257,736 | $261,887 | $265,935 | $269,012 | $276,996 | $282,652 | $289,597 | $296,328 | $306,274 | $312,251 | $314,703 |
Source: Desjardins' Quarterly and Annual Financial Reports
Loan Portfolio Data
Source: Desjardins' Quarterly and Annual Financial Reports
Loan Portfolio Dataset
| ($ Millions) | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Mortgages (Inc HELOCs) | $162,285 | $164,285 | $165,858 | $166,451 | $171,563 | $175,276 | $179,920 | $183,965 | $191,041 | $194,596 | $198,876 | $201,408 |
| Total Personal Loans | $24,226 | $24,304 | $24,239 | $24,204 | $24,302 | $24,528 | $24,683 | $24,442 | $24,736 | $24,638 | $24,426 | N/A |
| Total Business and Gov + Acceptances | $72,261 | $74,383 | $77,018 | $79,578 | $82,295 | $84,010 | $86,314 | $89,324 | $92,008 | $94,547 | $88,775 | N/A |
Source: Desjardins' Quarterly and Annual Financial Reports
Deposits Dataset
Source: Desjardins' Quarterly and Annual Financial Reports
Deposits Dataset
Source: Desjardins' Quarterly and Annual Financial Reports
TLAC and Leverage Ratios
Source: Desjardins' Quarterly and Annual Financial Reports
TLAC and Leverage Ratios
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tier 1 Capital Ratio | 19.9% | 20.9% | 20.8% | 20.4% | 21% | 21.2% | 21.9% | 22.2% | 22.4% | 22.9% | 23.1% | 23.7% |
| Leverage Ratio | 7.7% | 7.6% | 7.5% | 7.3% | 7.4% | 7.6% | 7.6% | 7.6% | 7.6% | 7.5% | 7.5% | 7.8% |
| TLAC Leverage Ratio | 11.4% | 10.6% | 10.7% | 10.5% | 10.4% | 10.9% | 11.2% | 11.2% | 11% | 10.6% | 11.2% | 11.6% |
Source: Desjardins' Quarterly and Annual Financial Reports
Net Interest Margin
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Margin (Reported) | 2.22% | 2.32% | 2.33% | 2.24% | 2.24% | 2.34% | 2.29% | 2.3% | 2.29% | 2.28% | 2.28% | 2.28% |
Source: Desjardins' Quarterly and Annual Financial Reports
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