Business Chequing Accounts

  Canadian Dollar and US Dollar Business Chequing Premium  US Dollar Business Chequing Elite Canadian Dollar Business Chequing Elite
Interest Rate Effective September 15, 2012 Effective June 4, 2018 Effective June 4, 2018
First $20,000.00 (balance between $0.00 and $20,000.00) 0.00% 0.00% 0.00%
Next $30,000.00 (balance between $20,000.01 and $50,000) 0.00% 0.10% 0.10%
Over $50,000.00 (balance $50,000.01 and above) 0.00% 0.10% 0.20%
Interest calculation Daily, on closing balance Daily, on closing balance Daily, on closing balance
Interest payment Monthly Monthly Monthly
Monthly Administrative Fees and Rebates $5.00 $24.95 Free with minimum Daily closing balance of $20,000.00 $24.95 Free with minimum Daily closing balance of $20,000.00



All interest rates are expressed on a per annum basis and are subject to change any time without notice. Interest on Business Chequing Elite Account is calculated on daily closing balance and paid monthly on portions of the balance within each tier based on the interest rate for that tier. The first interest payment is credited in the month following the month in which the account is opened.

Fees are charged, and interest is paid, in the currency of the account.

 

Refer to Disclosure Statement of Fees and Charges for Business Accounts

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