Trust & Banking

Deposit Interest Rates

As of June 30th, 2022 at 9:00 AM EST

Guaranteed Investment Certificates

1 year 3.850%
2 year 4.250%
3 year 4.300%
4 year 4.350%
5 year 4.400%

Interest on GICs is calculated Annually and may be paid Annually or Compounded Annually until Maturity

Additional Interest calculation and payment Options:
Semi-Annual Interest Payment Rates deduct 0.10%
Monthly Interest Payment Rates deduct 0.20%

Short Term Deposits

30-89 days 1.000%
90-179 days 1.100%
180-269 days 1.150%
270-364 days 1.200%
1 year cashable (after 90 days) 1.350%

Interest on Short Term Deposits is calculated Daily and paid on Maturity

Registered Retirement Savings Plan &
Registered Retirement Income Fund

1 year 3.850%
2 year 4.250%
3 year 4.300%
4 year 4.350%
5 year 4.400%

Interest on RRSPs/RRIFs is calculated Annually and Compounded Annually until Maturity

Daily Interest Chequing/Savings Account

$0-$999.99 0.200%
$1,000-$4,999.99 0.200%
$5,000-$9,999.99 0.200%
$10,000-$24,999.99 0.400%
$25,000 and over 0.600%

Rates subject to change without notice

Further information about our Investment Services and Deposit Products can be obtained by contacting our Financial Services Division in Hamilton at (905) 528-8956 or Toronto at (416) 924-4680