Deposits
Rates
Rates Effective: April 23, 2024
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RRSP and TFSA Savings Account Rates:*
| Account Type | Interest Rate |
|---|---|
| TFSA Sunrise Savings Account | 1.050% |
| RRSP Savings Account | 1.050% |
* Rates subject to change without notice.
Interest is payable monthly at the rate(s) per annum, as offered.
Interest is paid on the total daily closing balance.
Eligible for:
- Registered Retirement Savings Plans(RRSP)
- Tax Free Savings Plans (TFSA)
Short Term Guaranteed Investment Certificate Rates:*
| Term | Interest Rate |
|---|---|
| 30-59 days | 4.300% |
| 60-89 days | 4.300% |
| 90-119 days | 4.500% |
| 120-179 days | 4.500% |
| 180-269 days | 4.750% |
| 270-364 days | 4.800% |
* Rates subject to change without notice.
Minimum deposit is $5,000.00.
Certificates are non-redeemable before maturity.
Guaranteed Investment Certificate (GIC) Rates:*
| Term | Compounded Annually | Paid Annually | Paid Monthly | Paid Semi-annually |
|---|---|---|---|---|
| 1 years | 5.150% | 5.150% | 4.950% | 5.000% |
| 2 years | 4.960% | 4.960% | 4.760% | 4.810% |
| 3 years | 4.760% | 4.760% | 4.560% | 4.610% |
| 4 years | 4.520% | 4.520% | 4.320% | 4.370% |
| 5 years | 4.450% | 4.450% | 4.250% | 4.300% |
* Rates subject to change without notice.
Minimum deposit is $1,000.00.
Minimum deposit on monthly certificates is $5,000.00.
Certificates are non-redeemable before maturity.
RRSP and TFSA GIC Rates:*
| Term | New Business & Transfers | Renewals Only |
|---|---|---|
| 1 years | 5.150% | 5.150% |
| 2 years | 4.960% | 4.960% |
| 3 years | 4.760% | 4.760% |
| 4 years | 4.520% | 4.520% |
| 5 years | 4.450% | 4.450% |
* Rates subject to change without notice.
Minimum deposit is $1,000.00.
Certificates are non-redeemable before maturity.
Eligible for:
- Registered Retirement Savings Plans(RRSP)
- Tax Free Savings Plans (TFSA)
Compounded Annually only.
For more information, please call 1-800-213-4282 or 306-244-1868.
All rates are expressed in annual terms.
Deposits made in Canadian Dollars only.
410–121 Research Drive, Saskatoon, Saskatchewan S7N 1K2
Tel: 306-244-1868 Fax: 306-244-4649 Toll-free: 1-800-213-4282
www.versabank.com
Deposit Insurance
VersaBank is a member of the Canada Deposit Insurance Corporation.
For more information about what’s covered and how it works, click the digital symbol.
For more information on our Eligible Deposits products.