GIC Rates

B2B Bank GIC Deposit Rates (%) - as of February 20, 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 2.400 2.650 2.700 2.750 2.800
Semi-Annual $ 1,000.00 2.150 2.400 2.450 2.500 2.550
Quarterly $ 1,000.00 2.025 2.275 2.325 2.375 2.425
Monthly $ 10,000.00 2.025 2.275 2.325 2.375 2.425

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.400 2.650 2.700 2.750 2.800

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 2.400 2.650 2.700 2.750 2.800

Laurentian Bank GIC Deposit Rates¹ (%) - as of February 20, 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 2.400 2.650 2.700 2.750 2.800
Semi-Annual $ 1,000.00 2.150 2.400 2.450 2.500 2.550
Quarterly $ 1,000.00 2.025 2.275 2.325 2.375 2.425
Monthly $ 10,000.00 2.025 2.275 2.325 2.375 2.425

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.400 2.650 2.700 2.750 2.800

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 2.400 2.650 2.700 2.750 2.800

¹Rates for terms sold through deposit brokers.