Jump to Main Content

Rates & Fees

Saving Accounts1

  • U.S. Dollar Account
    Rate Account Balance
    0.025% $0 - $4,999
    0.05% $5,000 - $24,999
    0.10% $25,000+







     

Business Accounts2

  • Business Advantage Plus Account
    Rate Closing Daily Account Balance
    1.60% $1,000,000+
    1.50% $100,000-$999,999
    1.40% < $100,000






     
    Rate Product
    0.15% U.S. Dollar (Minimum $100,000)


     
  • Special Offers for Business
    Rate Product
    2.60% 3-Year GIC, cashable
    2.40% 18-Month GIC, non-redeemable
    2.25% 1-Year GIC, cashable




    Find out more about our special offers for business here. 

Mortgages3

Lines of Credit

  • Lines
    Rate Product Get Started
    4.45% (LOC PRIME) Secured/Equity Apply Online



     
    Rate Product
    5.45% (LOC PRIME + 1.00%) Student
    Dependant on Credit History & Capacity to repay the loan Unsecured
    3.95%5 RRSP

GICs

  • 18-Month GIC

    Available in Non-Registered and RRSP & TFSA. Minimum $100 Deposit.

    Rate Product Get Started
    2.40% 18-Month GIC Learn More
  • Non-Redeemable Long Term GICs

    Available in Non-Registered and RRSP, RRIF & TFSA. Minimum $100 Deposit.

    Rate Product
    2.25% 1 Year
    2.15% 2 Year
    2.60% 3 Year
    2.35% 4 Year
    2.60% 5 Year
  • Non-Redeemable Short Term GICs

    Available in Non-Registered and RRSP, RRIF & TFSA. Minimum Deposit of $5,000 for Non-Registered and $2,500 for RRSP & RRIF

    Rate Product
    0.45% 30 Days
    0.55% 60 Days
    0.65% 90 Days
    0.70% 180 Days
    0.80% 270 Days
  • Redeemable Long Term GICs

    Available in Non-Registered and TFSA. Minimum $100 Deposit.

    Rate Product
    1.25% 1 Year
    1.40% 2 Year
    1.45% 3 Year
    1.60% 4 Year
    1.85% 5 Year
  • Redeemable Short Term GICs

    Minimum $2500 Deposit - Non-Registered only

    Rate Product
    0.05% 30 Days
    0.15% 60 Days
    0.25% 90 Days
    0.30% 180 Days
    0.40% 270 Days
  • Raise the Rate GIC

    Available for Non-Registered, TFSA, RRSP and RRIF. Minimum $100 Deposit.

    Rate Product Get Started
    3-Year 2.60%
    5-Year 2.70%
    Raise the Rate GIC Learn More
  • 5 Year Ladder Strategy6
    Term Posted Rate Bonus Rate
    1 Year 2.25% 2.60%
    2 Year 2.15% 2.60%
    3 Year 2.60% 3.20%
    4 Year 2.35% 2.95%
    5 Year 2.60% 3.20%
    Average Rate 2.39% 2.91%
  • 3-Year Escalator7

    Available for RRSP, RRIF & TFSA. 3-Year Escalators are redeemable. Minimum $100 deposit.

    Rate Year
    2.00% Year 1
    2.50% Year 2
    3.25% Year 3
    2.58% Yield
  • 5-Year Escalator8

    Available for RRSP, RRIF and TFSA. Non-redeemable. Minimum $100 deposit.

    Rate Year
    2.25% Year 1
    2.40% Year 2
    2.45% Year 3
    2.60% Year 4
    2.85% Year 5
    2.51% Yield
  • U. S. Long Term

    Non-redeemable, Minimum $5000 deposit, Compounded Annually

    Rate Product
    0.30% 1 Year
    0.50% 2 Year
    0.80% 3 Year 
    1.00% 4 Year 
    1.25% 5 Year 
  • U. S. Short Term

    Redeemable, Minimum $5000 deposit

    Rate Product
    0.05% 30 Days
    0.05% 60 Days
    0.15% 90 Days
    0.30% 180 Days
    0.35% 270 Days

Index-Linked GICs

Grandfathered Accounts

  • Grandfathered Accounts

    The accounts shown are no longer offered. This information is for existing account holders only.

    Power Savings

    Rate Balance Tiers
    0.05% $0 - $4,999
    0.10% $5,000 - $24,999
    0.10% $25,000 - $49,999
    0.10% $50,000 - $99,999
    0.10% $100,000+


    Plan 24

    Rate Balance Tiers
    0.05% $0 - $4,999
    0.05% $5,000 - $24,999
    0.05% $25,000 - $49,999
    0.05% $50,000 - $99,999
    0.05% $100,000+

    *Plan 24 Senior Accounts earn an additional 25 bps interest. 


  • Legal

    1Interest rates shown are subject to change without notice and are on a per annum basis. Interest is calculated on the closing daily balance and is paid on the last day of each month. Interest is calculated on the closing daily balance and is paid monthly in the same currency as the account for all accounts shown except the RESP account. Interest on the RESP account is calculated on the minimum monthly balance and paid semi-annually (June and December).

    2Interest rates are subject to change without notice and are annualized rates, with interest calculated daily and paid monthly. 

    3O.A.C Rates are subject to change without notice. Quoted rate is based on blended payments of principal and interest and is the regulatory Annual Percentage Rate if there is no cost of borrowing other than interest. Interest is calculated half-yearly, not in advance. Additional premiums may apply in cases of a refinance, extended amortizations, non-owner occupied, or other instances where application details may warrant it. The interest rate with variable rate mortgages will fluctuate with Meridian Prime Rate, which is currently 3.95%. A High Ratio mortgage is applicable in cases where a borrower places a down payment of less than 20% of the purchase price on a home. Where applicable, the Bank of Canada qualifying rate is 5.19%. Builder's pricing applies to posted rates, not to promotional or special rates. For commercial mortgage rates, please speak to your Commercial Relationship Manager. 

    4A High Ratio mortgage is applicable in cases where a borrower places a down payment of less than 20% of the purchase price on a home. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000 and under $1,000,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion. Refinances and amortization periods of greater than 25 years are ineligible. Offer may change or be withdrawn at any time without notice. O.A.C. Rates are subject to change without notice. Quoted rates are based on blended payments of principal and interest and is the regulatory Annual Percentage Rate if there is no cost of borrowing other than interest. Interest is calculated half-yearly, not in advance. Where applicable, the Bank of Canada qualifying rate is 5.19%. 

    5Interest is calculated on a daily balance and charged monthly. Meridian Prime Lending rate: 3.95%. Minimum payment equivalent to monthly interest charged. Some conditions apply. Rates subject to change without notice. 

    6Laddered GIC Strategy Bonus Rates are the interest rates earned when the investment principal is equally distributed across each of the 1 to 5 Year GICs. The Average Rate is calculated by taking the average of the rates for each of the GICs, for example; 1 Year GIC at 2.25%, 2 Year GIC at 2.15%, 3 Year GIC at 2.60%, 4 Year GIC at 2.35%, 5 Year GIC at 2.60% equals an Average Rate of 2.39%. 

    7Redeemable on each anniversary date of each year and 30 days thereafter. Rates subject to change without notice. 

    8Not available to Business Members. Can be converted to another non-redeemable long-term product on each anniversary date without penalty. Rates subject to change without notice.