GIC Rates

B2B Bank GIC Deposit Rates (%) - as of August 15, 2019

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 2.100 2.140 2.160 2.170 2.190
Semi-Annual $ 1,000.00 1.850 1.890 1.910 1.920 1.940
Quarterly $ 1,000.00 1.725 1.765 1.785 1.795 1.815
Monthly $ 10,000.00 1.725 1.765 1.785 1.795 1.815

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.100 2.140 2.160 2.170 2.190

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 2.100 2.140 2.160 2.170 2.190

Laurentian Bank GIC Deposit Rates¹ (%) - as of August 15, 2019

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 2.100 2.140 2.160 2.170 2.190
Semi-Annual $ 1,000.00 1.850 1.890 1.910 1.920 1.940
Quarterly $ 1,000.00 1.725 1.765 1.785 1.795 1.815
Monthly $ 10,000.00 1.725 1.765 1.785 1.795 1.815

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.100 2.140 2.160 2.170 2.190

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 2.100 2.140 2.160 2.170 2.190

¹Rates for terms sold through deposit brokers.