Term Deposits/GIC's

Effective September 23, 2020

Long Term Rates

Long Term GIC
HMECU Posted Rate
1 Year 0.90%
2 Year 1.15%
3 Year 1.30%
4 Year 1.35%
5 Year 1.45%

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 0.50%

Rate Riser Special - Available for GIC & RRSP Only

Rate Riser Special - 5 Year Term Rate in Each Year
1 Year 0.40%
2 Year 0.90%
3 Year 1.40%
4 Year 1.90%
5 Year 2.40%

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