Prime rate and base rate Loans and personal line of credit Loans and RSP lines of credit Mortgage loans and lines of credit Personal bank accounts GIC ActionGIC Evolution of the ActionGIC Cash Account Fund performance Term deposit
Prime rate and base rate
Prime rate and base rate
Rate (%)
Prime Rate 2.450
U.S. Base Rate 3.750
Variable Base Rate (Personal Loans) 4.700
Line of Credit Base Rate 4.700

Historic Line of Credit Base Rate
Historic Variable Base Rate

The expression "Bank's prime rate" refers to the annual interest rate announced by the Bank from time to time as being its reference rate then in effect for commercial loans, in Canadian dollars. The expression "Bank's U.S. base rate" refers to the annual variable interest rate announced by the Bank from time to time as the reference rate in effect to determine the interest rates applicable to commercial loans in U.S. dollars granted by the Bank in Canada and based on a calendar year. Certain conditions apply. The rates mentioned on this site can be modified at any time and without prior notice by Laurentian Bank.

 

HISTORIC LINE OF CREDIT BASE RATE
Change date Rate
March 31, 2020 4.700
March 18, 2020 5.200
March 6, 2020 5.700
November 1, 2019 6.200
September 20, 2019 6.200
October 25, 2018 6.200
July 11, 2018 5.950
January 18, 2018 5.700
September 7, 2017 5.450
July 13, 2017 5.200
June 14, 2017 4.950

 

HISTORIC Variable Base Rate (Personal Loans)
Change date Rate
March 31, 2020 4.700
March 18, 2020 5.200
March 6, 2020 5.700
November 1, 2019 6.200
September 20, 2019 6.200
October 25, 2018 6.200
July 11, 2018 5.950
January 18, 2018 5.700
September 7, 2017 5.450
July 13, 2017 5.200
June 14, 2017 4.950