Head to head
Compare two big banks’ mortgages
Fifteen matchups between RBC, TD, Scotiabank, BMO, CIBC and National Bank, each with computed verdicts, rates by term and the same mortgage’s penalty at both banks.
RBC vs TD
RBC: 5.14% vs 5.39%. Your offer can differ, so ask both. Paying down faster: TD (15% lump sum vs 10% lump sum).
RBC vs Scotiabank
Only RBC publishes a 5-year special rate (5.14%). Paying down faster: Scotiabank (10%, 15% or 20% by option vs 10% lump sum).
RBC vs BMO
Tie at 5.14%. Paying down faster: BMO (up to 20% (Smart Fixed 10%) vs 10% lump sum).
RBC vs CIBC
RBC: 5.14% vs 5.34%. Your offer can differ, so ask both. Paying down faster: CIBC (10%, 15% or 20% by product vs 10% lump sum).
RBC vs National Bank
Tie at 5.14%. Paying down faster: Similar: RBC 10% lump sum; National Bank 10% a calendar year.
TD vs Scotiabank
Only TD publishes a 5-year special rate (5.39%). Paying down faster: Scotiabank (10%, 15% or 20% by option vs 15% lump sum).
TD vs BMO
BMO: 5.14% vs 5.39%. Your offer can differ, so ask both. Paying down faster: BMO (up to 20% (Smart Fixed 10%) vs 15% lump sum).
TD vs CIBC
CIBC: 5.34% vs 5.39%. Your offer can differ, so ask both. Paying down faster: CIBC (10%, 15% or 20% by product vs 15% lump sum).
TD vs National Bank
National Bank: 5.14% vs 5.39%. Your offer can differ, so ask both. Paying down faster: TD (15% lump sum vs 10% a calendar year).
Scotiabank vs BMO
Only BMO publishes a 5-year special rate (5.14%). Paying down faster: Similar: Scotiabank 10%, 15% or 20% by option; BMO up to 20% (Smart Fixed 10%).
Scotiabank vs CIBC
Only CIBC publishes a 5-year special rate (5.34%). Paying down faster: Similar: Scotiabank 10%, 15% or 20% by option; CIBC 10%, 15% or 20% by product.
Scotiabank vs National Bank
Only National Bank publishes a 5-year special rate (5.14%). Paying down faster: Scotiabank (10%, 15% or 20% by option vs 10% a calendar year).
BMO vs CIBC
BMO: 5.14% vs 5.34%. Your offer can differ, so ask both. Paying down faster: Similar: BMO up to 20% (Smart Fixed 10%); CIBC 10%, 15% or 20% by product.
BMO vs National Bank
Tie at 5.14%. Paying down faster: BMO (up to 20% (Smart Fixed 10%) vs 10% a calendar year).
CIBC vs National Bank
National Bank: 5.14% vs 5.34%. Your offer can differ, so ask both. Paying down faster: CIBC (10%, 15% or 20% by product vs 10% a calendar year).
Want all six at once? See the big-bank comparison and the rate grid.