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.
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% |
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 | 0.750% | |
| Tax Accounts | 0.125% |
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 | 0.750% |
Agricultural Savings Account
| Product | Range | Rates |
|---|---|---|
| AgriInvest Accounts | $ 0 - 4,999 | 0.750% |
| $ 5,000 - 24,999 | 0.750% | |
| $ 25,000 - 49,999 | 0.750% | |
| $ 50,000 - 99,999 | 0.750% | |
| $ 100,000 plus | 0.750% | |
| 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 | 0.750% |
RRSP and RRIF (Variable Rates)
| Product | Range | Rates |
|---|---|---|
| RRSP Variable Rate | 0.750% | |
| RRIF Variable Rate | $ 0 - 4,999 | 0.750% |
| $ 5,000 - 24,999 | 0.750% | |
| $ 25,000 - 49,999 | 0.750% | |
| $ 50,000 - 99,999 | 0.750% | |
| $ 100,000 plus | 0.750% |
Term Deposits (Short Term Rates)
| Product | Range | Rates |
|---|---|---|
| Non-Redeemable | 30 - 59 Days | 0.750% |
| 60 - 89 Days | 0.750% | |
| 90 - 179 Days | 0.750% | |
| 180 - 269 Days | 0.850% | |
| 270 - 364 Days | 0.850% |
GIC (Long Term Rates)
| Product | Range | Rates |
|---|---|---|
| Redeemable | 1 Year Redeemable (excluding RIF, without penalty after 90 days) | 0.500% |
| Non-Redeemable, Interest Paid Annually | 1 Year | 1.200% |
| 2 Years | 1.550% | |
| 3 Years | 1.700% | |
| 4 Years | 1.850% | |
| 5 Years | 1.950% |
TFSA (Variable Rates)
| Product | Range | Rates |
|---|---|---|
| TFSA Variable Rate | Variable | 0.750% |
| 30 - 59 Days | 0.750% | |
| 60 - 89 Days | 0.750% | |
| 90 - 179 Days | 0.750% | |
| 180 - 269 Days | 0.850% | |
| 270 - 364 Days | 0.850% | |
| 1 Yr redeemable | 0.500% | |
| 1 Yr (12 - 23 mths) | 1.200% | |
| 2 Yr (24 - 35 mths) | 1.550% | |
| 3 Yr (36 - 47 mths) | 1.700% | |
| 4 Yr (48 - 59 mths) | 1.850% | |
| 5 Years | 1.950% |
Residential Mortgage Rates
| Product | Range | Rates |
|---|---|---|
| 1st Mortgage Variable 5 Yr. Closed from... | 2.950% Open option + 0.80% | |
| 3 Year Protected Prime* | 3.200% Capped at 3.50% | |
| 6 Month Open | 4.850% | |
| 6 Month Closed | 3.750% | |
| 1 Year Closed | 2.900% | |
| 2 Year Closed | 2.900% | |
| 3 Year Closed | 2.950% | |
| 4 Year Closed | 2.950% | |
| 5 Year Closed | 2.990% | |
| 7 Year Closed | 5.250% |
Consumer Loans
| Product | Range | Rates |
|---|---|---|
| Meritline (Home Equity line of credit) from | Meritline - Minimum Rate (Plus Risk Factor) | 3.950% |
| Personal Loans from | Consumer Instalment (see Rate Book for Policy and Risk Factors) | 3.950% |
| 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 | 2.950% |