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MORTGAGE TRANSFER IN OFFER
Switch your mortgage and get $1,000 cash back*. Terms and conditions apply.
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cashback offer
How to get cash back*
- Apply for a fixed-rate mortgage with a term of 3 years or longer, or a 5-year variable-rate mortgage
- Use your new or existing chequing account to fund your regular mortgage payments
- Receive the cashback within 5 days of your mortgage funding
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Frequently asked questions
I already have a mortgage with a different lender. Can I get cash back?
Yes you can. If you switch your existing mortgage of $150,000 or more from another financial institution to Island Savings, you can qualify for cash back, pending you meet the eligibility requirements.
What type of mortgages qualify for the cash back offer?
The offer is available on residential closed fixed rate mortgages with a minimum term of 3 years as well as the 5-year closed variable rate mortgage.
When will I receive my cash back?
The $1,000 will be deposited into your chequing account at Island Savings within 5 days of your mortgage being funded.
I already have a mortgage at Island Savings. Can I get this offer if I refinance my mortgage?
Refinances and renewals on existing mortgages are not eligible for this offer.
What happens to my cashback if I close my mortgage before the end of my mortgage terms?
If you close your mortgage prior to the end of the term, you will be asked to repay the cashback amount in full.
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Please refer to the full Terms and Conditions (PDF).
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Mortgage rates are subject to changes without notice and are available on approved credit. Fixed mortgage rates are compounded semi-annually, not in advance; variable mortgage rates are compounded monthly, not in advance. Mortgage rates are based on a 25 year amortization. Terms and conditions may apply. Mortgage funds must be advanced within 120 days of the application date. These rates are discounted and cannot be combined with any other rate discounts, promotions or offers. Additional fees may apply.