Deposits
Rates
Rates Effective: September 30, 2023
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Daily Interest Savings Account Rates:*
| Account Type | Interest Rate |
|---|---|
| Sunrise Daily Interest 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 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 | 4.520% |
| 180-269 days | 4.500% |
| 270-364 days | 4.750% |
* Rates subject to change without notice.
Minimum deposit is $5,000.00.
Certificates are non-redeemable before maturity.
Guaranteed Investment Certificate Rates:*
| Term | Compounded Annually | Paid Annually | Paid Monthly | Paid Semi-annually |
|---|---|---|---|---|
| 1 years | 5.550% | 5.550% | 5.350% | 5.400% |
| 2 years | 5.420% | 5.420% | 5.220% | 5.270% |
| 3 years | 5.280% | 5.280% | 5.080% | 5.130% |
| 4 years | 4.950% | 4.950% | 4.750% | 4.800% |
| 5 years | 5.000% | 5.000% | 4.800% | 4.850% |
* 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.
Eligible for TFSA – Compounded Annually only.
Registered Retirement Savings Plan Rates:*
| Term | New Business & Transfers | Renewals Only |
|---|---|---|
| 1 years | 5.550% | 5.550% |
| 2 years | 5.420% | 5.420% |
| 3 years | 5.280% | 5.280% |
| 4 years | 4.950% | 4.950% |
| 5 years | 5.000% | 5.000% |
* Rates subject to change without notice.
Minimum deposit is $1,000.00.
Certificates are non-redeemable before maturity.
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.