North Peace Savings and Credit Union Offers Mortgage Freedom at Less Than Prime Rate

North Peace Savings and Credit Union Offers Mortgage Freedom at Less Than Prime Rate

For Immediate Release

North Peace Savings and Credit Union Offers Mortgage Freedom at Less Than Prime Rate

Fort St. John, July 9 – North Peace Savings and Credit Union is offering - for a limited time - one of the most flexible, lowest-rate mortgages in Western Canada: a prime-minus five year open variable mortgage, with no prepayment penalties. This mortgage is offered province-wide but is tailored for the North East British Columbia region, where individuals, families and businesses need flexibility during the fluctuations of a resource-based economy.

As innovators in creating superior member service experiences, North Peace Savings is launching this product that will be appealing to a broad range of consumers. For a limited time offer, the prime minus discount (currently prime minus 0.11%, or %2.89%) provides an incredible low rate. With the flexibility of the 5 year open term and no lump sum payment penalties, North Peace Savings is focusing on supporting local economic force. Fostering an environment where small and medium enterprises can grow will be the building blocks for a better economy for quality of life.

Nurturing local businesses and members of the community will be the foundation for making financial goals happen.  This product is attractive to consumers looking to renew, refinance or apply for mortgages for personal and business demands. “This open product allows the freedom not being locked in, and can be transferred to another mortgage with North Peace Savings at your discretion,” says Salman Kahn, North Peace Savings Senior Manager, Retail Service.

Kahn anticipates the product to entice a variety of consumers, but will be especially attractive to a demographic looking for financial flexibility with their homes, and budding business ideas. The prime –minus five year plan can guarantee your rate up to 90 days upon pre-approval of the mortgage, “all at a stunningly low rate of less than prime,” adds Kahn.


People's Choice winner of the "Best Financial Institution", North Peace Savings and Credit Union is a full-service financial organization offering banking, commercial, investment and insurance products. Located in Northeast British Columbia, North Peace Savings has proudly served the north for over 65 years.  With over 11,000 members within its four branches, NPSCU remains committed to the social and economic well-being within its communities.


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For more information, visit or contact:

Heather Desarmia
Public Relations and Social Media Specialist
North Peace Savings and Credit Union
10344 100 St
Fort St John, BC V1J 3Z1
Phone: 250 794 3742