Term Deposits/GIC's

Effective April 2, 2020

Long Term Rates

Long Term GIC
HMECU Posted Rate
1 Year 1.35%
2 Year 1.45%
3 Year 1.55%
4 Year 1.75%
5 Year 1.90%

Short Term Rates

Short Term GIC
HMECU Posted Rate
30-59 Days 0.20%
60-89 Days 0.30%
90-179 Days 0.40%
180-269 Days 0.45%
270-364 Days 0.45%

Rate Riser Special - Available for GIC & RRSP Only

Rate Riser Special - 5 Year Term Rate in Each Year
1 Year 0.75%
2 Year 1.25%
3 Year 1.75%
4 Year 2.25%
5 Year 2.75%

Rates compounded annually. Rates are subject to change without notice. In the event of a discrepancy, rates posted in branches will prevail.