GIC Rates

B2B Bank GIC Deposit Rates (%) - as of January 14, 2025

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 2.200 2.200 2.450 2.500 2.900 2.950

Long Term Deposits – GICs

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 3.330 3.350 3.350 3.250 3.100
Semi-Annual $ 1,000.00 3.080 3.100 3.100 3.000 2.850
Quarterly $ 1,000.00 2.955 2.975 2.975 2.875 2.725
Monthly $ 10,000.00 2.955 2.975 2.975 2.875 2.725

RRSP1

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 3.330 3.350 3.350 3.250 3.100

RRIF1

(Minimum deposit: $10,000 per portfolio)

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 3.330 3.350 3.350 3.250 3.100

Laurentian Bank, LBC Trust, Laurentian Trust Company GIC Deposit Rates¹ (%) - as of January 14, 2025

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 2.200 2.200 2.450 2.500 2.900 2.950

Long Term Deposits – GICs

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 3.330 3.350 3.350 3.250 3.100
Semi-Annual $ 1,000.00 3.080 3.100 3.100 3.000 2.850
Quarterly $ 1,000.00 2.955 2.975 2.975 2.875 2.725
Monthly $ 10,000.00 2.955 2.975 2.975 2.875 2.725

RRSP1

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 3.330 3.350 3.350 3.250 3.100

RRIF1

(Minimum deposit: $10,000 per portfolio)

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 3.330 3.350 3.350 3.250 3.100

¹Rates for terms sold through deposit brokers.