Interest Rates

Current Rates on October 1, 2019

Find the mortgage rate that best meets your needs. Use our Mortgage Payment Calculator to find out the amount of your mortgage payments.

Special Mortgage Rates

Term Annual Interest Rate
6-12 months – Open 5.95%
6 months 4.40%
12 months 3.64%
24 months 3.29%
36 months 3.49%
48 months 3.49%
60 months 3.29%
60 months – CMHC insured 2.99%

Conventional Term Deposits

Term Posted Annual Rate
1 year 1.40%
2 years 1.45%
3 years 1.60%
4 years 1.65%
5 years 2.00%

Short Term Deposits

Term Posted Annual Rate
30-59 days 0.20%
60-89 days 0.40%
90-119 days 0.50%
120-179 days 0.55%
180-269 days 0.60%
270-364 days 0.65%

Progressive GIC – Redeemable Annually

Term Annual Interest Rate
1 year 1.25%
2 years 1.55%
3 years 1.85%
4 years 2.10%
5 years 3.00%

Progressive GIC – Non-Redeemable

Term Annual Interest Rate
1 year 1.50%
2 years 1.75%
3 years 2.00%
4 years 2.25%
5 years 3.20%

Special Offers on Term Deposits

Term Annual Interest Rate
6 months 1.80%*
16 months 2.00%
47 months 2.20%
60 months 2.50%

*Promotional offers on new deposit from other institutions. Promotional offer valid until the 30th November 2019.

GIC Redeemable at any Time

Term Annual Interest Rate
12 months ($1,000 minimum)  0.90%

Duo

Market-linked guaranteed investments name Total minimal investment Minimal annual rate of return Maximum annual rate of return
 Priority Terra $1, 000 1.68% 4.76%
Demographic Impact $2, 000 1.68% 5.17%
Demographic Impact $50, 000 1.68% 5.98%

This Duo product is composed of a 5 years term deposit none redeemable and a 5 years term market-linked guaranteed investment.

The total investment in a Duo product is divided in 50% term deposit with an annual rate of return 3.25% and 50% in a market-linked guaranteed investment with a potential maximum annual rate of return  8.45% based on selected market-linked guaranteed investment.

For more information on market-linked guaranteed investments, use our guaranteed investment selector under “Savings and Investments, Market-linked guaranteed investments”.