Business Deposit Rates

Rates updated September 19, 2017

Term Investment Rates
Non-Redeemable Investments1 (GIC)
12 Month  1.90%
24 Month Special
2.30%
36 Month  2.40%
48 Month Special
2.60%
60 Month              
2.70%
  • Minimum deposit of $500 required
  • US fund GICs are not available
Redeemable Investments2 (GIC)
12 Month 1.45%
  • Redeemable at any time without penalty
  • Minimum deposit of $500 required
  • US fund GICs are not available
Business Savings Account Rates
Regular Business Savings3 0.10% 
High Interest Business Savings4 0.25%
US Savings4 0.05%
Business Chequing Account Rates

Currently, none of Belgian-Alliance Credit Union's Business Chequing Accounts pay interest. Please visit our Accounts page for details on our Business Chequing Accounts.

Unauthorized Overdraft Rate is 29.0% on all Business Chequing and Savings Accounts.

Business Borrowing Rates

Business Loan Rates
Variable as low as 3.35%
Other Business Borrowing Rates

We offer a complete range of financing options for your business with open or fixed terms. Please contact us at (204) 927-0485 for further details.

  • Interest rates are in effect at all Belgian-Alliance Credit Union branches.
  • Interest rates are subject to change without notice.
  • All deposits guaranteed without limit by Deposit Guarantee Corporation of Manitoba.

Notes:

1 Non-Redeemable Investments pay interest annually on the anniversary date. The interest rate shown is paid on the entire balance.

2 Redeemable Investments are redeemable at any time, without penalty. Interest is paid on the entire balance up to the day that the funds are withdrawn or annually on the anniversary date.

3 Regular Business Savings accounts pay interest monthly on the last day of each month. Interest is calculated on the daily based on the applicable tier.

4 High Interest Business Savings and US Savings accounts pay interest monthly on the last day of each month. Interest is calculated on the lowest monthly balance.

e.g.: A consistent balance of $25,000 for the duration of an entire month earns the rate shown at the end of the month. However, if the balance was depleted to $5,000 at any time during the month, interest is calculated and paid based on this lower amount.

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