GIC Rates

B2B Bank GIC Deposit Rates (%) - as of July 20, 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 0.500 0.750 0.850 1.000 1.100
Semi-Annual $ 1,000.00 0.250 0.500 0.600 0.750 0.850
Quarterly $ 1,000.00 0.125 0.375 0.475 0.625 0.725
Monthly $ 10,000.00 0.125 0.375 0.475 0.625 0.725

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 0.500 0.750 0.850 1.000 1.100

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 0.500 0.750 0.850 1.000 1.100

Laurentian Bank GIC Deposit Rates¹ (%) - as of July 20, 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 0.500 0.750 0.850 1.000 1.100
Semi-Annual $ 1,000.00 0.250 0.500 0.600 0.750 0.850
Quarterly $ 1,000.00 0.125 0.375 0.475 0.625 0.725
Monthly $ 10,000.00 0.125 0.375 0.475 0.625 0.725

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 0.500 0.750 0.850 1.000 1.100

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 0.500 0.750 0.850 1.000 1.100

¹Rates for terms sold through deposit brokers.