CHF BC’s Co-operative Housing Interest Pool (CHIP) with Vancity, CCEC Credit Union, and Coast Capital Savings. provides co-ops with above-market interest rates on their operating accounts. Almost 156 co-ops have combined deposits of more than $151 million in the pool.

After the recent Bank of Canada interest rate hike, both Coast Capital and Vancity increased thier CHIP rates to keep pace.

The current Vancity CHIP rate is now 4.85% and the current Coast Capital rate is 3.88%. Regular business depositors earn little or nothing on similar accounts.

The Bank of Canada increased the key interest rate on January 25, by another .25%, in another attempt to control inflation, which is costing consumers more for food, gas, and building materials. Financial institutions are slowly increasing lending rates to stabilize the financial sector.

As interest rates continue to rise these CHIP rates are good news for co-ops as they provides above-market returns on your operating and savings accounts and continues to create value for your membership dues.

If you have questions about the CHIP program’s benefits and features—or any other group buying program—please contact me by phone at 604-343-2355 or email at asang@chf.bc.ca.