GIC Rates

B2B Bank GIC Deposit Rates (%) - as of September 9, 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 0.150 0.200 0.250 0.300 0.400 0.450

Long Term Deposits – GICs

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 0.650 0.900 0.950 1.020 1.140
Semi-Annual $ 1,000.00 0.400 0.650 0.700 0.770 0.890
Quarterly $ 1,000.00 0.275 0.525 0.575 0.645 0.765
Monthly $ 10,000.00 0.275 0.525 0.575 0.645 0.765

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 0.650 0.900 0.950 1.020 1.140

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 0.650 0.900 0.950 1.020 1.140

Laurentian Bank GIC Deposit Rates¹ (%) - as of September 9, 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 0.150 0.200 0.250 0.300 0.400 0.450

Long Term Deposits – GICs

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 0.650 0.900 0.950 1.020 1.140
Semi-Annual $ 1,000.00 0.400 0.650 0.700 0.770 0.890
Quarterly $ 1,000.00 0.275 0.525 0.575 0.645 0.765
Monthly $ 10,000.00 0.275 0.525 0.575 0.645 0.765

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 0.650 0.900 0.950 1.020 1.140

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 0.650 0.900 0.950 1.020 1.140

¹Rates for terms sold through deposit brokers.