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Business Interest Bearing
Account Rates
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Effective 23 November 2009
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Business Interest Account
| Paid on the portion of the balance within each tier. |
Interest Rate* |
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$ CDN Account |
$ USD Account |
| $250,000 and over |
0.100% |
0.000% |
| $100,000 - $249,999 |
0.100% |
0.000% |
| $25,000 - $99,999 |
0.100% |
0.000% |
| $5,000 - $24,999 |
0.000% |
0.000% |
| Under $4,999 |
0.000% |
0.000% |
*For Canadian dollar accounts, interest is calculated on the daily closing credit balance and paid monthly. For U.S. dollar accounts, interest is calculated on the average monthly credit balance after deducting the deposit float compensating balance requirement+ and paid monthly. Minimum balance requirement $5,000.
*The deposit float compensating balance requirement is equal to the dollar value of deposits during the statement period multiplied by 2.2 (average number of float days) and divided by the number of calendar days in the statement period.
Business Investment Account
| Paid on the portion of the balance within each tier. |
Interest Rate* |
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$ CDN Account |
$ USD Account |
| $1,000,000 and over |
0.550% |
0.050% |
| $250,000 - $999,999 |
0.400% |
0.000% |
| $100,000 - $249,999 |
0.250% |
0.000% |
| $25,000 - $99,999 |
0.250% |
0.000% |
| Under $24,999 |
0.250% |
0.000% |
*For Canadian dollar accounts, interest is calculated on the daily closing credit balance and paid monthly. Minimum balance requirement $25,000.
Treasury Account
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$ CDN Account |
$ USD Account |
| Interest Rate* |
0.200% |
0.150% |
*For Canadian dollar accounts, interest is calculated on the daily closing credit balance and paid monthly. Maximum investment $20 million (CAD), 10 million (USD).
Rates are provided for information purposes only and are subject to change at any time.
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