GIC Rates

B2B Bank GIC Deposit Rates (%) - as of December 1, 2017

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 1.710 2.180 2.400 2.470 2.720
Semi-Annual $ 1,000.00 1.460 1.930 2.150 2.220 2.470
Quarterly $ 1,000.00 1.335 1.805 2.025 2.095 2.345
Monthly $ 10,000.00 1.335 1.805 2.025 2.095 2.345

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 1.710 2.180 2.400 2.470 2.720

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 1.710 2.180 2.400 2.470 2.720

Laurentian Bank GIC Deposit Rates¹ (%) - as of December 1, 2017

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 1.710 2.180 2.400 2.470 2.720
Semi-Annual $ 1,000.00 1.460 1.930 2.150 2.220 2.470
Quarterly $ 1,000.00 1.335 1.805 2.025 2.095 2.345
Monthly $ 10,000.00 1.335 1.805 2.025 2.095 2.345

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 1.710 2.180 2.400 2.470 2.720

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 1.710 2.180 2.400 2.470 2.720

¹Rates for terms sold through deposit brokers.