Investment Savings - up to 1.00%

This high-interest savings account pays a higher rate of interest on balances $1,000+. Two free debit transactions per month, $2 per additional debit.

Interest rates:

• 0% :  $ 0 - 999
• 1.00% :  $ 1,000 plus

Simplify Chequing

This flat-fee unlimited account is best if you have 27+ transactions per month. Receive unlimited transactions, unlimited Interac e-Transfers®, and free transfers between Libro accounts. The $14 monthly fee is waived with a $2,500 minimum monthly balance. Set up an automatic payroll deposit and receive a $2 discount on the monthly fee.

*You will receive your debit card by mail within 10-12 business days of Libro receiving your deposit.

Basic Chequing

A pay-as-you-go account for those who spend as little time banking as humanly possible. The $4 minimum monthly fee is waived with a $1,000 minimum monthly balance. Includes 12 transactions, plus 60¢ per additional transaction.

*You will receive your debit card by mail within 10-12 business days of Libro receiving your deposit.

Go Free Chequing (18-25 only)

A service-charge free account for those aged 18 to 25. Receive unlimited transactions, unlimited Interac e-Transfers®, and 5 surcharge-free Interac® ATM withdrawals per month. And we make it extra easy for you to get started by covering your $50 membership shares.

*You will receive your debit card by mail within 10-12 business days of Libro receiving your deposit.

Regular Savings - up to 0.50%

On this standard savings account fees are waived with $5,000 minimum monthly balance. $1 per debit transaction.

Interest rates:

• 0.125% : $ 0 - 4,999
• 0.250% : $ 5,000 - 24,999
• 0.250% : $ 25,000 - 49,999
• 0.500% : $ 50,000 - 99,999

Youth Savings (18-25 only) - up to 0.50%

A service-charge free savings account for those aged 18 to 25.

Interest rates:

• 0.125% : $ 0 - 4,999
• 0.250% : $ 5,000 - 24,999
• 0.250% : $ 25,000 - 49,999
• 0.500% : $ 50,000 - 99,999

Guaranteed Investment Certificates (GIC) - Term Deposit - up to 3.20%

Guaranteed Investment Certificates pay a fixed rate of interest for a specified period between one and five years. The purpose of a GIC is to lock your money in and let it build interest for you. Based on this concept, there are no withdrawal privileges unless otherwise stated. The principal you deposit is guaranteed which means your money has nowhere to go but up!

Interest rates:

• 3.05% :  1 Year
• 3.10% : 2 Years
• 3.20% :  3 Years
• 3.20% :  4 Years
• 3.20% :  5 Years

Tax-Free Savings (TFSA) - Variable - up to 1.00%

Libro’s Tax-Free Savings Account (TFSA) comes with a Coach – someone to work with you to map out your goals, to fit your investment into your overall financial plan and to help you figure out how to maximize your TFSA earning potential in a way that works for your life and your plans.

A variable investment is a hassle-free, open investment option that allows you to secure your funds within the investments vehicle and earn interest based on market performance.

With a goal and a Coach – what better way to save than tax-free at Libro!

Please note: It’s important to review your contribution limits when making deposits to tax-free savings products. Visit the Government of Canada website to learn more.

Tax-Free Savings (TFSA) - Term Deposit - up to 3.20%

Libro’s Tax-Free Savings Account (TFSA) comes with a Coach – someone to work with you to map out your goals, to fit your investment into your overall financial plan and to help you figure out how to maximize your TFSA earning potential in a way that works for your life and your plans.

The purpose of a term deposit is to lock your money in and let it build interest for you. Based on this concept, there are no withdrawal privileges unless otherwise stated.

With a goal and a Coach – what better way to save than tax-free at Libro!

Interest rates:

• 3.05% :  1 Year
• 3.10% : 2 Years
• 3.20% :  3 Years
• 3.20% :  4 Years
• 3.20% :  5 Years

Registered Retirement Savings Plan (RRSP) - Variable - up to 1.00%

A Registered Retirement Savings Plan (RRSP) is an account registered with the federal government that you use to save for retirement. The really cool thing: the amount you contribute is deducted from your annual income, and you don't have to pay tax on the growth inside the plan. Any dollar amount withdrawn from an RRSP will be taxed at the time of withdrawal and added to your annual income.

A variable investment is a hassle-free, open investment option that allows you to secure your funds within the investments vehicle and earn interest based on market performance.

Please note: It’s important to review your contribution limits when making deposits to tax-free savings products. Visit the Government of Canada website to learn more.

Registered Retirement Savings Plan (RRSP) - Term Deposit - up to 3.20%

A Registered Retirement Savings Plan (RRSP) is an account registered with the federal government that you use to save for retirement. The really cool thing: the amount you contribute is deducted from your annual income, and you don't have to pay tax on the growth inside the plan. Any dollar amount withdrawn from an RRSP will be taxed at the time of withdrawal and added to your annual income.

The purpose of a term deposit is to lock your money in and let it build interest for you. Based on this concept, there are no withdrawal privileges unless otherwise stated.

A term deposit pays a fixed rate of interest for a specified period between one and five years.

Interest rates:

• 3.05% :  1 Year
• 3.10% : 2 Years
• 3.20% :  3 Years
• 3.20% :  4 Years
• 3.20% :  5 Years

Please note: It’s important to review your contribution limits when making deposits to tax-free savings products. Visit the Government of Canada website to learn more.