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

Updated: May 23, 2018 3:12 AM

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%

Product

Range

Rates

US $ Account
$ 0 - 4,999
0.125%
$ 5,000 - 99,999
0.125%
$ 100,000 - 499,999
0.300%
$ 500,000 plus
0.500%

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

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Commercial Chequing Account

Updated: May 23, 2018 3:12 AM

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
0.300%

Product

Range

Rates

US $ Account
$ 0 - 4,999
0.125%
$ 5,000 - 99,999
0.125%
$ 100,000 - 499,999
0.300%
$ 500,000 plus
0.500%

Agricultural Chequing Account

Updated: May 23, 2018 3:12 AM

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
0.300%

Product

Range

Rates

US $ Account
$ 0 - 4,999
0.125%
$ 5,000 - 99,999
0.125%
$ 100,000 - 499,999
0.300%
$ 500,000 plus
0.500%

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

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Savings Account

Updated: May 23, 2018 3:12 AM

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%

Product

Range

Rates

Investment Savings
$ 0 - 999
0.000%
$ 1,000 plus
1.050%

Product

Range

Rates

Tax Accounts
0.125%

Commercial Savings Account

Updated: May 23, 2018 3:12 AM

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%

Product

Range

Rates

Investment Savings
$ 0 - 999
0.000%
$ 1,000 plus
1.050%

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

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Agricultural Savings Account

Updated: May 23, 2018 3:12 AM

Product

Range

Rates

AgriInvest Accounts
$ 0 - 4,999
1.050%
$ 5,000 - 24,999
1.050%
$ 25,000 - 49,999
1.050%
$ 50,000 - 99,999
1.050%
$ 100,000 plus
1.050%

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%

Product

Range

Rates

Investment Savings
$ 0 - 999
0.000%
$ 1,000 plus
1.050%

RRSP and RRIF (Variable Rates)

Updated: May 23, 2018 3:12 AM

Product

Range

Rates

RRSP Variable Rate
1.050%

Product

Range

Rates

RRIF Variable Rate
$ 0 - 4,999
1.050%
$ 5,000 - 24,999
1.050%
$ 25,000 - 49,999
1.050%
$ 50,000 - 99,999
1.050%
$ 100,000 plus
1.050%

Term Deposits (Short Term Rates)

Updated: May 23, 2018 3:12 AM

Product

Range

Rates

Non-Redeemable
30 - 59 Days
1.050%
60 - 89 Days
1.050%
90 - 179 Days
1.050%
180 - 269 Days
1.150%
270 - 364 Days
1.150%

Patronage Bonus rates may be available over and above the posted rate for Owners that do significant business with Libro. Please speak with a Coach today to determine if you qualify.

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GIC (Long Term Rates)

Updated: May 23, 2018 3:12 AM

Product

Range

Rates

Redeemable
1 Year Redeemable (excluding RIF, without penalty after 90 days)
0.800%

Product

Range

Rates

Non-Redeemable, Interest Paid Annually
1 Year
1.650%
2 Years
2.000%
3 Years
2.100%
4 Years
2.250%
5 Years
2.450%

Patronage Bonus rates may be available over and above the posted rate for Owners that do significant business with Libro. Please speak with a Coach today to determine if you qualify.

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TFSA (Variable Rates)

Updated: May 23, 2018 3:12 AM

Product

Range

Rates

TFSA Variable Rate
Variable
1.050%
30 - 59 Days
1.050%
60 - 89 Days
1.050%
90 - 179 Days
1.050%
180 - 269 Days
1.150%
270 - 364 Days
1.150%
1 Yr redeemable
0.800%
1 Yr (12 - 23 mths)
1.650%
2 Yr (24 - 35 mths)
2.000%
3 Yr (36 - 47 mths)
2.100%
4 Yr (48 - 59 mths)
2.250%
5 Years
2.450%

Residential Mortgage Rates

Updated: May 23, 2018 3:12 AM

Product

Range

Rates

1st Mortgage Variable 5 Yr. Closed from...
3.450%

Product

Range

Rates

3 Year Protected Prime*
3.700%

Product

Range

Rates

6 Month Open
4.850%
6 Month Closed
3.750%
1 Year Closed
3.450%
2 Year Closed
3.450%
3 Year Closed
3.450%
4 Year Closed
3.490%
5 Year Closed
3.540%
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

Updated: May 23, 2018 3:12 AM

Product

Range

Rates

Meritline (Home Equity line of credit) from
Meritline - Minimum Rate (Plus Risk Factor)
4.450%

Product

Range

Rates

Personal Loans from
Consumer Instalment (see Rate Book for Policy and Risk Factors)
4.450%

Product

Range

Rates

Overdraft Protection - up to $5,000
Overdraft Protection - up to $5,000 (Including Instalment Loans)
19.490%

Product

Range

Rates

Collabria VISA® Credit Card
VISA rates starting from
9.900%

Commercial Line of Credit

Updated: May 23, 2018 3:12 AM

Product

Range

Line of Credit
Please call for rate information

Commercial Loans

Updated: May 23, 2018 3:12 AM

Product

Range

Term Loan
Please call for rate information

Product

Range

Commercial Mortgage
Please call for rate information

Agricultural Line of Credit

Updated: May 23, 2018 3:12 AM

Product

Range

Line of Credit from
Please call for rate information

Agricultural Loans

Updated: May 23, 2018 3:12 AM

Product

Range

Term Loan
Please call for rate information

Product

Range

Agricultural Mortgage
Please call for rate information

Prime Rate

Updated: May 23, 2018 3:12 AM

Product

Rates

Prime Rate
3.450%