Business Chequing and Savings Accounts
Whether your business is established or just starting out, Libro has flexible business banking accounts and the expertise to help you grow and prosper.
Libro Prime Rate: 6.700%
All rates are subject to change without notice.
Coaching Advice
A chequing account is right for you if you want to pay bills, transfer money, write cheques, or conduct other cash flow activities.
Product
Range
Rate
Basic Business, Business 60, Business 200, Community
$ 0 – 1,999
0.000%
$ 2,000 – 9,999
0.125%
$ 10,000 – 99,999
0.125%
$ 100,000 plus
1.000%
USD Business Chequing Account
$ 0 – 1,999
0.000%
$ 2,000 – 9,999
0.125%
$ 10,000 – 99,999
0.125%
$ 100,000 plus
1.000%
Tiered rates apply to full balance.
All interest rates described are annual interest rates. They follow a simple interest calculation. Interest is calculated daily on the closing balance and paid monthly.
Coaching Advice
A savings account is right for you if you want to save cash for projects, seasonal fluctuations, or to handle liabilities.
Product
Range
Rate
Regular Savings
$ 0 – 4,999
0.125%
$ 5,000 – 24,999
0.250%
$ 25,000 – 49,999
0.250%
$ 50,000 – 99,999 *
0.500%
$ 100,000 plus *
1.250%
Business Investment Savings Account
$ 0 – 1,999
0.000%
$ 2,000 plus
2.100%
*Interest is paid on the portion of the balance within the tier.
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Speak with a Libro Coach today to learn more about business accounts.