Trust & Banking
Deposit Interest Rates
As of December 04, 2024 at 9:00 AM EST
Guaranteed Investment Certificates
1 year | 3.940% |
2 year | 3.200% |
3 year | 3.200% |
4 year | 3.200% |
5 year | 3.000% |
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 | 2.250% |
90-179 days | 2.250% |
180-269 days | 2.250% |
270-364 days | 2.250% |
1 year cashable (after 60 days) | 2.750% |
Interest on Short Term Deposits is calculated Daily and paid on Maturity
Registered Retirement Savings Plan &
Registered Retirement Income Fund
1 year | 3.940% |
2 year | 3.200% |
3 year | 3.200% |
4 year | 3.200% |
5 year | 3.000% |
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