GIC Rates

B2B Bank GIC Deposit Rates (%) - as of March 28, 2024

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 4.000 4.000 4.500 4.500 4.500 4.770

Long Term Deposits – GICs

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 5.100 4.840 4.660 4.350 4.180
Semi-Annual $ 1,000.00 4.850 4.590 4.410 4.100 3.930
Quarterly $ 1,000.00 4.725 4.465 4.285 3.975 3.805
Monthly $ 10,000.00 4.725 4.465 4.285 3.975 3.805

RRSP1

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 5.100 4.840 4.660 4.350 4.180

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 5.100 4.840 4.660 4.350 4.180

Laurentian Bank, LBC Trust, Laurentian Trust Company GIC Deposit Rates¹ (%) - as of March 28, 2024

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 4.000 4.000 4.500 4.500 4.500 4.770

Long Term Deposits – GICs

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 5.100 4.840 4.660 4.350 4.180
Semi-Annual $ 1,000.00 4.850 4.590 4.410 4.100 3.930
Quarterly $ 1,000.00 4.725 4.465 4.285 3.975 3.805
Monthly $ 10,000.00 4.725 4.465 4.285 3.975 3.805

RRSP1

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 5.100 4.840 4.660 4.350 4.180

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 5.100 4.840 4.660 4.350 4.180

¹Rates for terms sold through deposit brokers.