GIC Rates

B2B Bank GIC Deposit Rates (%) - as of January 16, 2020

Short Term Deposits (Minimum $25,000 for 30-89 days; $5,000 for 90-364 days)

30-59 Days 60-89 Days 90-119 Days 120-179 Days 180-269 Days 270-364 Days
Canadian Dollar 0.350 0.400 0.450 0.500 0.600 0.650

Long Term Deposits – GICs

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.120 2.180 2.220 2.250 2.300
Semi-Annual $ 1,000.00 1.870 1.930 1.970 2.000 2.050
Quarterly $ 1,000.00 1.745 1.805 1.845 1.875 1.925
Monthly $ 10,000.00 1.745 1.805 1.845 1.875 1.925

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.120 2.180 2.220 2.250 2.300

RRIF (Minimum deposit: $10,000 per portfolio)

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.120 2.180 2.220 2.250 2.300

Laurentian Bank GIC Deposit Rates¹ (%) - as of January 16, 2020

Short Term Deposits (Minimum $25,000 for 30-89 days; $5,000 for 90-364 days)

30-59 Days 60-89 Days 90-119 Days 120-179 Days 180-269 Days 270-364 Days
Canadian Dollar 0.350 0.400 0.450 0.500 0.600 0.650

Long Term Deposits – GICs

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.120 2.180 2.220 2.250 2.300
Semi-Annual $ 1,000.00 1.870 1.930 1.970 2.000 2.050
Quarterly $ 1,000.00 1.745 1.805 1.845 1.875 1.925
Monthly $ 10,000.00 1.745 1.805 1.845 1.875 1.925

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.120 2.180 2.220 2.250 2.300

RRIF (Minimum deposit: $10,000 per portfolio)

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.120 2.180 2.220 2.250 2.300

¹Rates for terms sold through deposit brokers.