Trust & Banking
Deposit Interest Rates
As of September 25, 2023 at 9:00 AM EST
Guaranteed Investment Certificates
| 1 year | 5.570% |
| 2 year | 4.400% |
| 3 year | 4.150% |
| 4 year | 4.050% |
| 5 year | 4.000% |
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 | 2.500% |
| 90-179 days | 2.500% |
| 180-269 days | 2.500% |
| 270-364 days | 2.500% |
| 1 year cashable (after 60 days) | 3.150% |
Interest on Short Term Deposits is calculated Daily and paid on Maturity
Registered Retirement Savings Plan &
Registered Retirement Income Fund
| 1 year | 5.570% |
| 2 year | 4.400% |
| 3 year | 4.150% |
| 4 year | 4.050% |
| 5 year | 4.000% |
Interest on RRSPs/RRIFs is calculated Annually and Compounded Annually until Maturity
Daily Interest Chequing/Savings Account
| $0-$999.99 | 1.250% |
| $1,000-$4,999.99 | 1.250% |
| $5,000-$9,999.99 | 1.250% |
| $10,000-$24,999.99 | 1.750% |
| $25,000 and over | 2.000% |
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