Desjardins
This Page's Content Was Last Updated: July 21, 2026
Important Information
WOWA.ca is a third-party rate aggregator and directory. We are not directly affiliated with Desjardins.
Managing $510.2 billion in total assets, Desjardins stands as the #1 largest credit union in Canada. Our independent review breaks down Desjardins’s consumer offerings, deposit safety under Québec’s Autorité des marchés financiers (AMF) and Ontario’s Financial Services Regulatory Authority (FSRA), and competitive rates for Québec and Ontario depositors and home buyers.
Jump to Section: Institution Overview•Mortgage Rates•GIC Rates•Financial Performance
Structure note: Desjardins Group operates as a federation of autonomous caisses populaires (cooperative financial institutions) owned by their individual member-depositors.
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 Group is Canada's largest financial cooperative and one of the largest cooperative financial groups in North America, headquartered in Lévis, Quebec. It traces its origins to 1900, when Alphonse Desjardins founded the country's first caisse populaire, and today operates as a federation of autonomous, member-owned caisses across Quebec and Ontario. Desjardins offers personal and business banking, mortgages, wealth management, and property and casualty insurance, returning a portion of its earnings to members and local communities through its ristourne (patronage dividend) program. Deposits held at its Quebec caisses are protected by the Autorité des marchés financiers (AMF), while Desjardins Ontario Credit Union deposits are covered by Ontario's Financial Services Regulatory Authority (FSRA).
Provinces served
Number of Members (as of 2025): ~10,000,000
Desjardins Mortgage Rates
The mortgage rates on this page were last updated on September 21, 2026 at 6:15 PM ET.
| Lender | Term | Insured down payment < 20% | Insurable home < $1M & amortization ≤ 25yr | Posted non-discounted rate |
|---|---|---|---|---|
| Desjardins | 6-Month Fixed | — | — | 7.99% |
| Desjardins | 1-Year Fixed | — | — | 5.49% |
| Desjardins | 2-Year Fixed | — | — | 5.59% |
| Desjardins | 3-Year Fixed | — | — | 6.04% |
| Desjardins | 4-Year Fixed | 4.59% | 4.59% | 6.09% |
| Desjardins | 5-Year Fixed | 4.69% | 4.69% | 6.14% |
| Desjardins | 6-Year Fixed | — | — | 6.29% |
| Desjardins | 7-Year Fixed | — | — | 6.39% |
| Desjardins | 10-Year Fixed | — | — | 6.89% |
| Desjardins | 5-Year Variable | 4.10% | 4.10% | 4.45% |
* 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. | ||||
Looking for fine-print details? Read our comprehensive Desjardins Mortgage Rates, Prepayment Privileges & Penalty Review to learn about annual lump-sum rules, payment increases, and early payout calculations.
Desjardins GIC Rates
The GIC rates on this page were last updated on September 21, 2026 at 5:44 PM ET.
| Term | Non-Registered Rate | Registered Rate |
|---|---|---|
| 1-Month | 1.70% | 1.70% |
| 3-Month | 1.90% | 1.90% |
| 6-Month | 2.20% | 2.20% |
| 9-Month | 2.30% | 2.30% |
| 1-Year | 2.85% | 2.85% |
| 2-Year | 3.15% | 3.15% |
| 3-Year | 3.20% | 3.20% |
| 4-Year | 3.25% | 3.25% |
| 5-Year | 3.40% | 3.40% |
* 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. | ||
Desjardins Ranking Among Credit Unions Monitored by WOWA
1st
by Assets
of 134 credit unions
1st
by Loans
of 133 credit unions
1st
by Deposits
of 133 credit unions
Desjardins ranks 1st among Canadian credit unions by assets monitored by WOWA, 1st by loans, and 1st by deposits, as of December 31, 2025. You can view the complete list of Canadian credit unions here.
Desjardins Branch Locations
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.
- Desjardins Basic plan is an everyday account with 12 included transactions per month, covering digital, debit card, ATM, teller, and cheque transactions. It also includes access to the AccuLink ATM network. The $3.95 monthly fee can be waived by maintaining a balance of at least $1,500 throughout the month.
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.
- Desjardins Intermediate plan is an everyday account with 30 included transactions per month, covering digital, debit card, ATM, teller, and cheque transactions. It provides more transaction capacity than the Basic plan without offering unlimited banking. The $10.95 monthly fee can be waived by maintaining at least $3,000 throughout the month.
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.
- Desjardins Unlimited plan is an everyday account with unlimited transactions, including digital, debit card, ATM, teller, and cheque transactions. It also includes access to the AccuLink ATM network. The $15.95 monthly fee can be waived by maintaining a balance of at least $4,000 throughout the month.
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.
- Desjardins Unlimited Plus plan is an everyday account with unlimited transactions, including transactions in a linked non-registered regular savings account. It includes no Desjardins withdrawal fees at eligible Interac and PLUS ATMs, drafts, certified cheques, and a safety deposit box discount. The monthly fee can be waived by maintaining at least $5,000 throughout the month.
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.
- Desjardins FHSA Savings Account is a registered account for saving toward a qualifying first home. Contributions are tax-deductible, investment income grows tax-free, and qualifying withdrawals are tax-free. Annual contribution room starts at $8,000, with a $40,000 lifetime limit. The account has no service fees and requires an existing Desjardins Everyday 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.
- Desjardins Non-registered savings account is a savings account that earns interest and requires an existing Desjardins everyday account. It allows unlimited deposits and withdrawals, although regular transaction fees apply. Automatic transfers to or from the linked everyday account are free, as are regular transactions when the everyday account has the Unlimited Plus plan.
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.
- Desjardins RRSP Regular Savings Account is a registered account for retirement savings. Contributions may be tax-deductible, subject to available RRSP room, while investment income is tax-deferred until withdrawal. The account has no service fees, and eligible withdrawals may be made through the Home Buyers’ Plan or Lifelong Learning Plan.
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.
- Desjardins TFSA Savings Account is a registered savings account with no service fees or minimum balance requirement. Interest and withdrawals are tax-free, while contributions are subject to available TFSA contribution room. Withdrawn amounts are added back to contribution room the following year. An existing Desjardins Everyday Account is required to open the account.
Deposit Insurance
Select your province to see the coverage limit.
Key Financial Metrics and Trends
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $510,242M | +8.3% | +28.5% |
| Loans | $314,703M | +8.7% | +36.0% |
| Deposits | $329,494M | +9.5% | +38.2% |
| Loan-to-Deposit Ratio | 95.5% | — | — |
| Mortgages + HELOCs | $198,876M | +10.5% | +27.9% |
| Securities | $105,677M | +6.4% | +13.5% |
| Revenue | $16,308M | +11.2% | -19.7% |
| Efficiency Ratio | 71.4% | — | — |
| Target Members / Region | Working-class Canadians | — | — |
Desjardins Deposits, Loans and Revenue in the Past 5 Years
Desjardins's Financial Highlights
Source: Desjardins' Quarterly and Annual Financial Reports
Accounting change: Desjardins adopted IFRS 17 in 2023 and restated 2022 figures. Data before 2022 is reported under IFRS 4 and is not directly comparable.
Financial Highlights: Dataset
| ($ Millions) | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Interest Income | $1,417 | $1,842 | $1,831 | $1,892 | $1,470 | $1,996 | $1,715 | $2,067 | $1,985 | $2,262 | N/A | N/A |
| Net Interest Income | $1,716 | $1,696 | $1,733 | $1,861 | $1,915 | $1,962 | $1,967 | $2,024 | $2,137 | $2,151 | $2,187 | $2,299 |
| Total Revenue | $3,133 | $3,538 | $3,564 | $3,753 | $3,385 | $3,958 | $3,682 | $4,091 | $4,122 | $4,413 | $4,101 | $4,623 |
| Total Assets | $414,056 | $422,940 | $435,819 | $444,348 | $464,677 | $470,942 | $487,946 | $501,254 | $511,856 | $510,242 | N/A | $543,502 |
Source: Desjardins' Quarterly and Annual Financial Reports
Total Assets
Source: Desjardins' Quarterly and Annual Financial Reports
Proportional Breakdown of Non-Interest and Interest Income
Source: Desjardins' Quarterly and Annual Financial Reports
Accounting change: Desjardins adopted IFRS 17 in 2023 and restated 2022 figures. Data before 2022 is reported under IFRS 4 and is not directly comparable.
Credit Risk Data
Source: Desjardins' Quarterly and Annual Financial Reports
Provision for Credit Losses (PCL) Breakdown by Loan Category
| ($ Millions) | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|
| PCL Mortgages | $1 | $0 | $2 | $-1 | $8 |
| PCL Personal Loans | $94 | $81 | $75 | $112 | $185 |
| PCL Business-Government | $117 | $31 | $76 | $100 | $175 |
Source: Desjardins' Quarterly and Annual Financial Reports
Allowance for Credit Losses (ACL) Breakdown by Loan Category
| ($ Millions) | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|
| ACL Mortgages | $104 | $106 | $109 | $107 | $117 |
| ACL Personal Loans | $619 | $608 | $588 | $602 | $567 |
| ACL Business-Government | $909 | $933 | $788 | $890 | $878 |
Source: Desjardins' Quarterly and Annual Financial Reports
Net Write-Offs Breakdown by Loan Category
| ($ Millions) | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|
| Write-offs Mortgages | $-1 | $-2 | $-1 | $1 | $0 |
| Write-offs Personal Loans | $97 | $92 | $95 | $98 | $206 |
| Write-offs Business-Government | $6 | $7 | $-257 | $-2 | $85 |
Source: Desjardins' Quarterly and Annual Financial Reports
Gross Loans vs. Net Loans
Source: Desjardins' Quarterly and Annual Financial Reports
Credit Risk and Loans
| ($ Millions) | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Net Write-Offs | $76 | $122 | $98 | $150 | $95 | $109 | $101 | $102 | $97 | $315 | N/A | N/A |
| PCL | $127 | $231 | $133 | $87 | $105 | $272 | $210 | $203 | $112 | $163 | N/A | N/A |
| ACL | $1,169 | $1,273 | $1,317 | $1,254 | $1,257 | $1,420 | $1,403 | $1,511 | $1,530 | $1,374 | N/A | N/A |
| Total Gross Loans | $262,965 | $267,115 | $270,233 | $278,160 | $283,814 | $290,917 | $297,731 | $307,785 | $313,781 | $316,077 | N/A | $326,646 |
| Total Net Loans | $261,887 | $265,935 | $269,012 | $276,996 | $282,652 | $289,597 | $296,328 | $306,274 | $312,251 | $314,703 | $318,794 | $325,208 |
Source: Desjardins' Quarterly and Annual Financial Reports
Loan Portfolio Data
Source: Desjardins' Quarterly and Annual Financial Reports
Loan Portfolio Dataset
| ($ Millions) | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Mortgages (Inc HELOCs) | $164,285 | $165,858 | $166,451 | $171,563 | $175,276 | $179,920 | $183,965 | $191,041 | $194,596 | $198,876 | $201,408 | $206,818 |
| Total Personal Loans | $24,304 | $24,239 | $24,204 | $24,302 | $24,528 | $24,683 | $24,442 | $24,736 | $24,638 | $24,426 | $24,272 | $24,465 |
| Total Business and Gov + Acceptances | $74,383 | $77,018 | $79,578 | $82,295 | $84,010 | $86,314 | $89,324 | $92,008 | $94,547 | $88,775 | $91,593 | $92,164 |
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
For deeper insights into all Canadian lenders, subscribe to our comprehensive Lenders Report, with plans starting at just $100 per month.
Contact
If you're from Desjardins and would like to add or update information on this page, please fill out the form.
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.