Jump to Main Content

Small Business Rates

Accounts

  • Business Advantage Plus Account
    Rate Product
    1.00% Canadian Dollar (Closing Daily Balance > $100,000)
    0.75% Canadian Dollar (Closing Daily Balance < $100,000)
    0.15% U.S. Dollar (Minimum $100,000)
       
       

Mortgages

  • Fixed Rate Mortgages
    Rate Featured Rate* Product
    2.84%   6 Month Convertible
    2.79%   2 Year Closed
    3.39% 2.64% 3 Year Closed
    3.89%   4 Year Closed
    4.49% 2.44% 5 Year Closed
    5.29%   7 Year Closed
    5.79%   10 Year Closed
         
         

    * O.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. For commercial mortgage rates, please speak to your Commercial Relationship Manager. Builder's pricing applies to posted rates, not to promotional or special rates.

Lines of Credit

  • Lines
    Rate Product
    3.50% (LOC PRIME) Equity
    3.50% (LOC PRIME) Secured
    4.50% (LOC PRIME + 1.00%) Student
    Dependant on Credit History and Capacity to repay the loan Unsecured
    2.70%** RRSP

    Line of Credit Prime Rate: 3.50%. **Interest is calculated on a daily balance and charged monthly. Meridian Prime Lending rate: 2.70%. Minimum payment equivalent to monthly interest charged. Some conditions apply. Rates subject to change without notice. 

GICs

  • 5 Year Ladder Strategy

    Available for Non-Registered and RRSP, RRIF & TFSA. Non-redeemable. Minimum $500 Deposit.

    Rate Product
    2.00% 5 Year
  • Non-Redeemable Long Term GIC

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

    Rate Product
    1.25% 1 Year
    1.35% 2 Years
    1.55% 3 Years
    1.75% 4 Years
    2.00% 5 Years
  • Non-Redeemable Short Term GIC

    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 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

Escalator GICs

  • 3-Year Escalator

    Available for Non-Registered and RRSP, RRIF & TFSA. 3-Year Escalators are redeemable. $100 minimum deposit

    Rate Year
    1.30% Year 1
    1.71% Year 2
    2.70% Year 3
    1.90% Yield
       

    * Redeemable on each anniversary date of each year and 30 days thereafter. Rates subject to change without notice. 
  • 5-Year Escalator

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

    Rate Year
    1.50% Year 1
    1.60% Year 2
    1.90% Year 3
    2.10% Year 4
    2.40% Year 5
    1.90% Yield

    * Not 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. 

U.S. GICs

  • U. S. Long Term

    Non-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
  • 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

Note: Interest 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 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).