GIC Rates

B2B Bank GIC Deposit Rates (%) - as of June 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 2.000 2.350 2.700 2.900 3.000
Semi-Annual $ 1,000.00 1.750 2.100 2.450 2.650 2.750
Quarterly $ 1,000.00 1.625 1.975 2.325 2.525 2.625
Monthly $ 10,000.00 1.625 1.975 2.325 2.525 2.625

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.000 2.350 2.700 2.900 3.000

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 2.000 2.350 2.700 2.900 3.000

Laurentian Bank GIC Deposit Rates¹ (%) - as of June 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 2.000 2.350 2.700 2.900 3.000
Semi-Annual $ 1,000.00 1.750 2.100 2.450 2.650 2.750
Quarterly $ 1,000.00 1.625 1.975 2.325 2.525 2.625
Monthly $ 10,000.00 1.625 1.975 2.325 2.525 2.625

RRSP

Minimum 1 Year 2 Years 3 Years 4 Years 5 Years
Annual Pay or Compound $ 1,000.00 2.000 2.350 2.700 2.900 3.000

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 2.000 2.350 2.700 2.900 3.000

¹Rates for terms sold through deposit brokers.