Small Business
Interest Rate Tiers
Business Chequing Account
Interest is calculated on the daily closing balance and paid at month-end. Interest is paid on portions of the balance within each tier based on the interest rate for that tier:
| Interest Rate Tiers |
Interest Rates as at
May 1, 2006* |
| $0 - $9,999.99 |
0.000% |
| $10,000.00 - $24,999.99 |
0.000% |
| $25,000.00 - $99,999.99 |
0.000% |
| $100,000.00 - $249,999.99 |
0.000% |
| $250,000.00 - $4,999,999.99 |
0.000% |
Business Savings Account/Business Investor Account
Interest is paid on the portion of the daily closing balance within each tier, based on the interest rate for that tier.
| Interest Rate Tiers |
Interest Rates as at
April 25th, 2008* |
| $0 - $9,999.99 |
0.00% |
| $10,000.00 - $24,999.99 |
1.50% |
| $25,000.00 - $99,999.99 |
1.50% |
| $100,000.00 - $249,999.99 |
2.50% |
| $250,000.00 - $499,999.99 |
2.50% |
| $500,000.00 - $4,999,999.99 |
2.50% |
| $5,000,000.00 + |
0.00% |
U.S. Dollar Business Chequing Account
Interest is calculated on the daily closing balance and paid at month-end. Interest is paid on portion of the balance within each tier:
| Interest Rate Tiers |
Interest Rates as at
May 1, 2006* |
| $0 - $9,999.99 |
0.000% |
| $10,000.00 - $24,999.99 |
0.000% |
| $25,000.00 - $99,999.99 |
0.000% |
| $100,000.00 - $249,999.99 |
0.000% |
| $250,000.00 - $4,999,999.99 |
0.000% |
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