Trust & Banking

Deposit Interest Rates

As of February 2, 2023 at 9:00 AM EST

Guaranteed Investment Certificates

1 year 4.750%
2 year 4.000%
3 year 4.010%
4 year 4.020%
5 year 4.030%

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 1.950%
90-179 days 1.950%
180-269 days 1.950%
270-364 days 1.950%
1 year cashable (after 90 days) 2.150%

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

Registered Retirement Savings Plan &
Registered Retirement Income Fund

1 year 4.750%
2 year 4.000%
3 year 4.010%
4 year 4.020%
5 year 4.030%

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

Daily Interest Chequing/Savings Account

$0-$999.99 1.000%
$1,000-$4,999.99 1.000%
$5,000-$9,999.99 1.000%
$10,000-$24,999.99 1.250%
$25,000 and over 1.500%

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