GIC Rates

B2B Bank GIC Deposit Rates (%) - as of October 18, 2018

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 2.300 2.700 2.900 3.000 3.100
Semi-Annual $ 1,000.00 2.050 2.450 2.650 2.750 2.850
Quarterly $ 1,000.00 1.925 2.325 2.525 2.625 2.725
Monthly $ 10,000.00 1.925 2.325 2.525 2.625 2.725

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.300 2.700 2.900 3.000 3.100

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 2.300 2.700 2.900 3.000 3.100

Laurentian Bank GIC Deposit Rates¹ (%) - as of October 18, 2018

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 2.300 2.700 2.900 3.000 3.100
Semi-Annual $ 1,000.00 2.050 2.450 2.650 2.750 2.850
Quarterly $ 1,000.00 1.925 2.325 2.525 2.625 2.725
Monthly $ 10,000.00 1.925 2.325 2.525 2.625 2.725

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.300 2.700 2.900 3.000 3.100

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 2.300 2.700 2.900 3.000 3.100

¹Rates for terms sold through deposit brokers.