Personal Finance

Any of the Big banks offering a HELOC lower than 4.25% ?

  • Last Updated:
  • Feb 24th, 2019 7:17 pm
[OP]
Deal Addict
Jan 1, 2002
3242 posts
238 upvotes

Any of the Big banks offering a HELOC lower than 4.25% ?

I’m looking to negotiate with TD, in the past HSBC offered a prime + 0 but I’m not seeing it anymore.

Is there anything I can match against?
8 replies
Deal Fanatic
Nov 22, 2015
5131 posts
4289 upvotes
Rockstead wrote:
Feb 22nd, 2019 5:37 pm
I’m looking to negotiate with TD, in the past HSBC offered a prime + 0 but I’m not seeing it anymore.

Is there anything I can match against?
P+0.5% is pretty much as low as it gets unless you've got connections or money
[OP]
Deal Addict
Jan 1, 2002
3242 posts
238 upvotes
Thanks for confirming, I guess I do have a good rate.
Member
Mar 7, 2008
486 posts
123 upvotes
Leask
Back in december 2018, HSBC offers prime +0% for HELOC.... I wish I get the deal.... Couldn't buy a house quick enough to get the deal...
[OP]
Deal Addict
Jan 1, 2002
3242 posts
238 upvotes
THINKPOD wrote:
Feb 24th, 2019 11:34 am
Back in december 2018, HSBC offers prime +0% for HELOC.... I wish I get the deal.... Couldn't buy a house quick enough to get the deal...
That’s what I had stuck in my head so I thought something like that was still around, but doesn’t seem so.
Jr. Member
User avatar
Jan 7, 2019
160 posts
95 upvotes
Banks will sometimes advertise Prime + 0% for a limited time. Unless you are staff or have a partner who is staff, you won't be able to get the Prime + 0%.

My partner works at a bank so our mortgage HELOC is prime + 0% for as long as she's employed....(which is forever! *evil laugh*)
Deal Addict
Apr 5, 2016
3822 posts
2449 upvotes
Calgary/Vancouver
Doesn't hurt to try. If you have other products with them like multiple mortgages and helocs or a large investment balance, they can give you prime rate + 0% as a valued client.
Current Fido customer.
Ex Koodo customer.
Deal Fanatic
Feb 15, 2006
8470 posts
2845 upvotes
Toronto
If you have a chunk of investment with a bank, they can offer Prime.

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