Deposits

Rates

Rates Effective: May 20, 2024 Print

RRSP and TFSA Savings Account Rates:*

* 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 4.510%
270-364 days 4.560%

* 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 5.110% 5.110% 4.910% 4.960%
2 years 4.910% 4.910% 4.710% 4.760%
3 years 4.710% 4.710% 4.510% 4.560%
4 years 4.520% 4.520% 4.320% 4.370%
5 years 4.470% 4.470% 4.270% 4.320%

* 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 5.110% 5.110%
2 years 4.910% 4.910%
3 years 4.710% 4.710%
4 years 4.520% 4.520%
5 years 4.470% 4.470%

* 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.

CDIC Digital Membership Sign - This logo signifies that this institution is a CDIC Member

For more information on our Eligible Deposits products.