The Coast Capital Closed Fixed Rate Mortgage is a product from one of the best credit unions in the country. The Coast Capital Closed Fixed Rate Mortgage has decent rates and notable features, all of which make buying a house less of a hassle.
They're also offering a cash bonus of up to $4,600** when you switch to a Coast Capital mortgage.
What you get with the Coast Capital Closed Fixed Rate Mortgage
Here's a full overview of the features and benefits offered by the Coast Capital Closed Fixed Rate Mortgage:
Verified on September 11, 2025
Why You Want It
Rates as low as 3.86%* APR on a high-ratio 5-year fixed mortgage
Eligibility
- Buying property in B.C.
Provinces
BC
Mortgage Rates
Fixed Closed
1 Year
6.49%
2 Years
4.49%
3 Years
3.94%
4 Years
3.99%
5 Years
4.04%
6 Years
4.99%
7 Years
4.99%
8 Years
4.99%
9 Years
5.29%
10 Years
5.29%
High-Ratio Closed
5 Years
3.94%
Features
Rate Type
Fixed Closed
Pre-approval
Rate Guarantee (days)
120
Bank Prime Rate
4.45%
# Of Prepayments Allowed Per Year
1
% Of Prepayment Allowed
20%
# Of Payment Increases Allowed Per Year
N/A
Max Payment Increase Allowed
N/A
Promotion Available
4600$
Promotion End Date
See Issuer for Details
Terms
* As of November 21, 2025, Coast's advertised rate on a 5-year Fixed High-Ratio Mortgage is lower when compared to the average of the 5-year fixed high-ratio mortgage rates advertised by the big five banks, based on independent external third-party market research.
** See full Mortgage Cash Bonus Promotion terms and conditions.
**APR calculation is based on a $300,000 mortgage at a 25-year amortization, assuming an appraisal fee of $300 (which includes fees associated with determining the value of the property). If there are no additional cost of borrowing charges, the APR and the interest rate will be the same. The APR assumes that the interest rate does not vary over time. Rates are subject to Coast Capital's standard lending criteria
Our rating for the Coast Capital Closed Fixed Rate Mortgage: 3.5 stars
At first glance, there might not be any features of the Coast Capital Closed Fixed Rate Mortgage that set it apart – but a closer inspection shows that this is a surprisingly solid product. Most notably, the mortgage rates are on par with and sometimes lower than average, and you're allowed to double up your usual mortgage payment to pay it off faster.
The fact that a good-quality mortgage product like this isn't available outside of British Columbia is really too bad.
Rating methodology
To calculate our Genius Ratings, we compare the features of the account or product in question with other similar products in Canada. We give each feature a score out of 5 based on that comparison. Once we’ve rated all the features, we run them through our proprietary algorithm to produce a final rating out of 5.
Learn more about our rating methodology.
Best alternatives to the Coast Capital Closed Fixed Rate Mortgage
Here, you can see a side-by-side comparison of the Coast Capital Closed Fixed Rate Mortgage with a few of its top competitors:
 |  |  |  | |
|---|---|---|---|---|
| Account | Coast Capital Closed Fixed Rate Mortgage | nesto | Meridian Closed Fixed Mortgage | Scotiabank Open Variable Mortgage |
| Genius Rating | ||||
| Why You Want It | Rates as low as 3.86%* APR on a high-ratio 5-year fixed mortgage | Get the lowest rate guaranteed + 150 day rate lock | Get up to 5% cash back + Competitive rates and excellent customer service. | Flexible prepay options + Get mortgage protection with 4 coverage types. |
| Mortgage Rates | Fixed Closed
High-Ratio Closed
| Fixed Closed
| Fixed Closed
| Variable (Open)
|
| Rate Type | Fixed Closed | Fixed Closed | Fixed Closed | Variable Open |
| Pre-approval | | | | |
| Rate Guarantee (days) | 120 | 150 | 120 | 120 |
| Bank Prime Rate | 4.45% | 4.7% | 4.45% | 4.45% |
| # Of Prepayments Allowed Per Year | 1 | See Issuer for Details | Unlimited | See Issuer for Details |
Show More | ||||
| See rates & details See more Coast Capital Savings products Compare | See rates & details See more nesto products Compare | See rates & details See more Meridian Credit Union products Compare | Learn More See more Scotiabank products Compare |
Coast Capital Closed Fixed Rate Mortgage frequently asked questions
Does the Motive Savvy Savings Account have any fees?
This account doesn't have any monthly fees, nor are there fees for making deposits. Account holders used to be limited to 2 withdrawals per month before being charged for each transaction, but now the transactions are free and unlimited.
What’s the Motive Savvy Savings Account’s interest rate? Is it good?
This account boasts a very appealing 2% interest rate, which is one of the highest available in the country. Keep in mind, though, that it's only available on balances under $5,000,000.01..
Can I make Interac e-Transfers with the Motive Savvy Savings Account?
Yes, Interac e-Transfers are allowed with this account. In fact, there aren't any transaction limits at all with this account, including sending and receiving Interac e-Transfers. This is a big benefit to having this account.
What is the lowest rate for a Coast Capital Mortgage?
The lowest rate you can currently get from a Coast Capital mortgage is their special 5 year, high-ratio closed mortgage with an APR of 3.86%.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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