GIC Rates

B2B Bank GIC Deposit Rates (%) - as of February 15, 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 2.120 2.390 2.690 2.750 2.910
Semi-Annual $ 1,000.00 1.870 2.140 2.440 2.500 2.660
Quarterly $ 1,000.00 1.745 2.015 2.315 2.375 2.535
Monthly $ 10,000.00 1.745 2.015 2.315 2.375 2.535

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.120 2.390 2.690 2.750 2.910

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 2.120 2.390 2.690 2.750 2.910

Laurentian Bank GIC Deposit Rates¹ (%) - as of February 15, 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 2.120 2.390 2.690 2.750 2.910
Semi-Annual $ 1,000.00 1.870 2.140 2.440 2.500 2.660
Quarterly $ 1,000.00 1.745 2.015 2.315 2.375 2.535
Monthly $ 10,000.00 1.745 2.015 2.315 2.375 2.535

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.120 2.390 2.690 2.750 2.910

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 2.120 2.390 2.690 2.750 2.910

¹Rates for terms sold through deposit brokers.