Investment Rates
Guaranteed Investment Certificates (GICs) are investments that pay a fixed rate of interest for a specified term between one and five years. Term Deposits are investments that pay fixed interest for a specified term between 30 and 365 days.
Coaching Advice
A short-term deposit is right for you if you’re saving for a short-term goal and don’t need your money before the end of the term.
Product
Range
Rate
Non-Redeemable, Interest Paid at Maturity
30 – 59 Days
2.000%
60 – 89 Days
2.250%
90 – 179 Days
2.250%
180 – 269 Days
2.250%
270 – 364 Days
2.250%
Rates above are expressed as the annual rate. Interest paid at maturity for short term deposits based on the number of days held. Minimum investment: $1,000. Patronage bonus rates on Term Deposits and GIC’s (registered and non-registered) may be available to those who do significant business with Libro. To see if you qualify, please contact your Libro Coach or Libro Connect. Note: Owners who purchase or renew their investment online will receive a 0.25% patronage bonus automatically on their rate. Note: When offered, no additional bonuses are available on special promotional rates.
Coaching Advice
A long-term GIC is right for you if you want a predictable return and don’t need access to your money before the end of the term.
Product
Range
Rate
Redeemable
1 Year Redeemable (excluding RIF, without penalty after 90 days)
2.250%
Non-Redeemable, Interest Paid Annually
1 Year
3.050%
2 Years
3.150%
3 Years
3.250%
4 Years
3.200%
5 Years
3.200%
Rates above are expressed as the annual rate.
Minimum investment: $1,000.
Patronage bonus rates on Term Deposits and GIC’s (registered and non-registered) may be available to those who do significant business with Libro. To see if you qualify, please contact your Libro Coach or Libro Connect.
Note: Owners who purchase or renew their investment online will receive a 0.25% patronage bonus automatically on their rate.
Note: When offered, no additional bonuses are available on special promotional rates.
Coaching Advice
A variable deposit is right for you if you’re saving for a short-term goal and are not ready to lock your money into a specific term.
Product
Rate
RRSP Variable Rate
0.850%
RRIF Variable Rate
0.850%
TFSA Variable Rate
0.850%
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.
Have questions?
Speak with a Libro Coach today to learn more about your investing options.
