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Business GICs / Term Deposits
Redeemable GICs & Term Deposits
| Term/Currency | CAD | USD |
|---|---|---|
1 Year |
0.55% | 0.30% |
2 Years |
0.65% | 0.40% |
3 Years |
0.80% | 0.60% |
4 Years |
0.95% | 0.80% |
5 Years |
1.05% | 1.00% |
| Rates are as of August 4, 2020. Early Redemption is available only on Canadian Dollar GIC and U.S. Dollar term deposits with maturities of 1 year or more at 0.50% and 0.25% respectively. No interest is paid for early redemption of GICs or term deposits if the redemption is made within 6 months of opening the GIC or term deposit. |
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Rate History for redeemable Business GICs/ Term Deposits - 1 to 5 years
Short term Canadian Dollar GIC - Less than 1 year’
| Term | $1,000.00 to $4,999.99 | $5,000.00 - $4,999,000.001,3 |
|---|---|---|
7-29 days2 |
NA | 0.10% |
30-59 days |
NA | 0.20% |
60-89 days |
NA | 0.30% |
90-179 days |
NA | 0.40% |
180-269 days |
NA | 0.50% |
270-364 days |
NA | 0.55% |
| Rates are as of August 4, 2020. Early redemption is only available on Canadian Dollar GICs with terms less than a year. No interest is paid for early redemption of Canadian Dollar GICs if redeemed within 30 days of opening the GIC. Interest at the rate of 0.05% is paid for early redemption. |
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Rate History for Short term Canadian Dollar GIC - Less than 1 year
Short term US Dollar Term Deposit - Less than 1 year
| Term | $1,000.00 to $4,999.99 | $5,000.00 to $4,999,000.001,3 |
|---|---|---|
7-29 days2 |
NA | 0.00% |
30-59 days |
NA | 0.05% |
60-89 days |
NA | 0.07% |
90-119 days |
NA | 0.10% |
120-149 days |
NA | 0.15% |
150-179 days |
NA | 0.20% |
180-269 days |
NA | 0.25% |
270-364 days |
NA | 0.30% |
| Rates are as of June 16, 2020. Early redemption is available only on US Dollar Term Deposits with terms less than 1 year. No interest is paid for early redemption of US Dollar Term Deposits. |
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1 For Canadian Dollar GICs or US Dollar Term Deposits above $4,999,000, speak to your relationship manager or branch manager for current interest rates. A notice of redemption is required for Canadian Dollar GICs or US Dollar Term Deposits valued above $4,999,000.
2 A minimum of $100,000 in the currency of deposit is required for terms less than 30 days.
3 All interest rates mentioned are annual, and interest is compounded annually and paid at the time of maturity.
Rate History for short term US Dollar Term Deposit - Less than 1 year
Non-redeemable business GIC and term deposits
| Terms | C$ Non-Redeemable GICs | US$ Non-Redeemable Term Deposits |
|---|---|---|
1 month |
2.05% |
2.25% |
2 months |
2.15% |
2.85% |
3 months |
2.20% |
3.55% |
6 months |
2.25% |
3.75% |
9 months |
2.30% |
3.75% |
1 year |
2.60% |
3.85% |
15 months |
2.60% |
3.55% |
18 months |
2.70% |
3.55% |
2 years |
2.80% |
3.55% |
3 years |
2.80% |
3.55% |
4 years |
2.80% |
3.55% |
5 years |
3.00% |
3.55% |
Rates are as of February 25, 2026 on CAD Non-Redeemable GIC and as of October 29, 2025 on USD Non-Redeemable Term Deposits
Minimum of C$/US$ 1,000 is required. All interest rates are expressed on a per annum basis and are subject to change at any time without notice. Non-Redeemable GIC/Term Deposit interest is compounded annually. Other conditions may apply.
Rate History for Non-redeemable business GIC and term deposits
