Rates

Rates that yield shared prosperity

Libro believes in fair and open pricing for all our products, services and that also includes the rates we offer. Our main goal is not to enrich ourselves but to grow prosperity in southwestern Ontario. This means that we invest our profits back into our communities, branches and staff to provide you with high quality service.

We want our Owners, their farms, local businesses and communities to succeed. In that spirit, we'll always provide the most competitive rates we can offer while keeping the shared well-being of all of us in mind.

If you have any questions, please contact us.


Foreign Exchange Rates


All rates are subject to change without notice.

Chequing Account

Product Range Rates
Go Free, Basic, Simplify, Premium, Golden $ 0 - 4,999 0.125%
$ 5,000 - 24,999 0.125%
$ 25,000 - 49,999 0.125%
$ 50,000 - 99,999 * 0.250%
$ 100,000 plus * 0.250%
US $ Account $ 0 - 4,999 0.125%
$ 5,000 - 99,999 0.125%
$ 100,000 - 499,999 0.250%
$ 500,000 plus 0.350%

*Interest is paid on the portion of the balance within the tier.

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Commercial Chequing Account

Product Range Rates
Current Account (all packages, incl. Community One) $ 0 - 1,999 0.000%
$ 2,000 - 9,999 0.125%
$ 10,000 - 99,999 0.125%
$ 100,000 plus 0.250%
US $ Account $ 0 - 4,999 0.125%
$ 5,000 - 99,999 0.125%
$ 100,000 - 499,999 0.250%
$ 500,000 plus 0.350%

Agricultural Chequing Account

Product Range Rates
Current Account (all packages, incl. Community One) $ 0 - 1,999 0.000%
$ 2,000 - 9,999 0.125%
$ 10,000 - 99,999 0.125%
$ 100,000 plus 0.250%
US $ Account $ 0 - 4,999 0.125%
$ 5,000 - 99,999 0.125%
$ 100,000 - 499,999 0.250%
$ 500,000 plus 0.350%

Savings Account

Product Range Rates
Regular, Youth, Golden $ 0 - 4,999 0.125%
$ 5,000 - 24,999 0.250%
$ 25,000 - 49,999 0.250%
$ 50,000 - 99,999 * 0.350%
$ 100,000 plus * 0.500%
Investment Savings $ 0 - 999 0.000%
$ 1,000 plus 0.900%
Tax Accounts 0.125%

*Interest is paid on the portion of the balance within the tier.

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Commercial Savings Account

Product Range Rates
Regular Savings $ 0 - 4,999 0.125%
$ 5,000 - 24,999 0.250%
$ 25,000 - 49,999 0.250%
$ 50,000 - 99,999 * 0.350%
$ 100,000 plus * 0.500%
Investment Savings $ 0 - 999 0.000%
$ 1,000 plus 0.900%

*Interest is paid on the portion of the balance within the tier.

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Agricultural Savings Account

Product Range Rates
AgriInvest Accounts $ 0 - 4,999 0.900%
$ 5,000 - 24,999 0.900%
$ 25,000 - 49,999 0.900%
$ 50,000 - 99,999 0.900%
$ 100,000 plus 0.900%
Regular Savings $ 0 - 4,999 0.125%
$ 5,000 - 24,999 0.250%
$ 25,000 - 49,999 0.250%
$ 50,000 - 99,999 * 0.350%
$ 100,000 plus * 0.500%
Investment Savings $ 0 - 999 0.000%
$ 1,000 plus 0.900%

*Interest is paid on the portion of the balance within the tier.

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RRSP and RRIF (Variable Rates)

Product Range Rates
RRSP Variable Rate 0.900%
RRIF Variable Rate $ 0 - 4,999 0.900%
$ 5,000 - 24,999 0.900%
$ 25,000 - 49,999 0.900%
$ 50,000 - 99,999 0.900%
$ 100,000 plus 0.900%

Term Deposits (Short Term Rates)

Product Range Rates
Non-Redeemable 30 - 59 Days 0.900%
60 - 89 Days 0.900%
90 - 179 Days 0.900%
180 - 269 Days 1.000%
270 - 364 Days 1.000%

Minimum deposit registered $1,000; non-registered $3,000. Youth minimum $500.

Rate Bonus!

Ask for details about a 0.25% rate bonus if your total investments with Libro exceed $50,000.
(Variable and special rates excluded from rate bonus)

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GIC (Long Term Rates)

Product Range Rates
Redeemable 1 Year Redeemable (excluding RIF, without penalty after 90 days) 0.650%
Non-Redeemable, Interest Paid Annually 1 Year 1.300%
2 Years 1.650%
3 Years 1.800%
4 Years 1.950%
5 Years 2.050%

Minimum deposit $500. Interest is paid annually. Youth minimum $100. Interest is paid annually.

Rate Bonus!

Ask for details about a 0.25% rate bonus if your total investments with Libro exceed $50,000.
(Variable and special rates excluded from rate bonus)

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TFSA (Variable Rates)

Product Range Rates
TFSA Variable Rate Variable 0.900%
30 - 59 Days 0.900%
60 - 89 Days 0.900%
90 - 179 Days 0.900%
180 - 269 Days 1.000%
270 - 364 Days 1.000%
1 Yr redeemable 0.650%
1 Yr (12 - 23 mths) 1.300%
2 Yr (24 - 35 mths) 1.650%
3 Yr (36 - 47 mths) 1.800%
4 Yr (48 - 59 mths) 1.950%
5 Years 2.050%

Residential Mortgage Rates

Product Range Rates
1st Mortgage Variable 5 Yr. Closed from... 3.200% Open option + 0.80%
3 Year Protected Prime* 3.450% Capped at 3.50%
6 Month Open 4.850%
6 Month Closed 3.750%
1 Year Closed 3.150%
2 Year Closed 3.150%
3 Year Closed 3.200%
4 Year Closed 3.200%
5 Year Closed 3.240%
7 Year Closed 5.250%

*120 day rate guarantee
**On approved credit for owner-occupied residential properties. Ask for full details.

Rate discounts may apply, talk to a Libro Coach today.

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Consumer Loans

Product Range Rates
Meritline (Home Equity line of credit) from Meritline - Minimum Rate (Plus Risk Factor) 4.200%
Personal Loans from Consumer Instalment (see Rate Book for Policy and Risk Factors) 4.200%
Personaline - up to $5,000 Personaline - up to $5,000 (Including Instalment Loans) 19.490%
MasterCard® Credit Card MasterCard® Credit Card 19.490%

Commercial Line of Credit

Product Range Rates
Line of Credit Please call for rate information 0.000%

Commercial Loans

Product Range Rates
Term Loan Please call for rate information 0.000%
Commercial Mortgage Please call for rate information 0.000%

Agricultural Line of Credit

Product Range Rates
Line of Credit from Please call for rate information 0.000%

Agricultural Loans

Product Range Rates
Term Loan Please call for rate information 0.000%
Agricultural Mortgage Please call for rate information 0.000%

Prime Rate

Product Range Rates
Prime Rate 3.200%