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Effective July 6, 2020, the annual interest rate for the B2B Bank High Interest Savings Account (HISA) on deposits up to and including $500,000 changed from 2.05% to 1.65%. The annual interest rate on deposits over $500,000 changed from 1.00% to 0.65%.
*Rates as of close of business on December 21, 2020. All rates are subject to change at any time without prior notice.
Account balance | Annual interest rate* |
---|---|
Up to and including $500,000 | 1.40% |
$500,000.01 + | 0.40% |
The 1.40% interest rate applies to deposits up to and including $500,000 and the 0.40% interest rate applies to deposits above $500,000. The applicable tier interest rate applies to every dollar in the tier. Interest rates are annual. Interest is calculated daily on the closing balance and paid monthly on the last day of the month into the account. All rates are subject to change at any time without prior notice.
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2All GICs invested in via onlinebanking.b2bbank.com are non-registered and non-redeemable.
3Other fees may apply. Please see fee schedule for further details.
4B2B Bank HISA rates as of close of business on December 21, 2020. The 1.40% interest rate applies to deposits up to and including $500,000 and 0.40% interest rate applies to deposits above $500,000. The applicable tier interest rate applies to every dollar in the tier. Interest rates are per annum. Interest is calculated daily on the closing balance and paid monthly on the last day of the month into the account. All rates are subject to change at any time without prior notice.
®†INTERAC e-Transfer is a registered trademark of Interac Corp. Used under license.
Don’t have an financial advisor?
If you’re still looking for the right financial professional, you can start by asking for recommendations from those you trust. Depending on your level of knowledge, there are various professional associations that can help.
B2B Bank is a wholly-owned subsidiary of Laurentian Bank of Canada. B2B Bank does not provide investment advice to individuals or advisors and does not endorse or promote any investment product. Dealers, advisors, and brokers - not B2B Bank - are responsible for determining the suitability of investments for their clients and for informing them of the risks of investing (including, where relevant, the risks of borrowing to invest).
Individuals should consult qualified tax specialists. With respect to deposits, B2B Bank acts in the capacity of deposit account administrator. The B2B Bank High Interest Investment Account is sold exclusively through licensed financial advisors and requires a Distribution Agreement with B2B Bank.
®B2B BANK, B2B Bank HIIA and B2B HISA are registered trademarks of B2B Bank.
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