Rates & Fees
Published Rates, Published Fees, No Surprises
We publish everything because formed clients make better decisions — and because opacity isn't a business model.
Rates effective as of Q1 2026. Updated daily for GICs. Saskbank Prime Rate: 5.95%.
Lock in today's rates — speak with a banker →Earn More on Every Dollar Your Firm Holds With Us
High-Interest Business Savings
Your surplus cash earns a competitive return — tiered to reward larger balances, CDIC insured up to applicable limits, and accessible through our online banking portal. Unlike the Big Five, where business savings rates are often buried or offered only upon request, we publish ours here and update them with every Bank of Canada overnight rate adjustment. Automated sweep functionality moves surplus funds from your operating account at end-of-day, so idle cash earns interest overnight instead of sitting at zero.
| Tier | Rate (Annual) |
|---|---|
| First $250,000 | 3.25% |
| $250,001 – $1,000,000 | 3.75% |
| Above $1,000,000 | 4.10% |
Quarterly annual percentage yield summaries are delivered to your inbox — no hunting through statements, no ambiguity about what you've earned. Regulation D savings transaction limits are clearly disclosed at account opening.
Business GICs — Lock In Higher Returns on Retained Earnings
Non-redeemable and cashable options for firms parking retained earnings, building reserves, or laddering deposits for predictable cash flow. We publish rates daily, and they're typically 20–50 basis points above Big Five posted rates for equivalent terms. For deposits above $500,000, Anya Kovalenko's treasury team provides complimentary laddering strategy modelling to help you balance liquidity against yield — so you're not locked into a single maturity when your firm's cash needs shift seasonally.
| Term | Non-Redeemable | Cashable |
|---|---|---|
| 90 Days | 3.40% | 3.10% |
| 180 Days | 3.65% | 3.35% |
| 1 Year | 4.15% | 3.85% |
| 2 Years | 4.25% | 3.95% |
| 3 Years | 4.30% | 4.00% |
| 5 Years | 4.35% | 4.05% |
GIC rates are published daily and are not guaranteed until date of purchase. All eligible deposits are CDIC insured up to $100,000 per depositor, per insured category. Joint deposits, RRSPs, TFSAs, and deposits held in trust each qualify as separate categories. Full coverage details available on cdic.ca.
Download our annual percentage yield summaries for detailed comparisons, or visit our Business Banking page for a full account comparison guide.
Transparent Lending Rates — Know Your Cost Before You Apply
Effective January 15, 2026 — Aligned with Bank of Canada overnight rate adjustments. Our prime rate moves in lockstep with the Bank of Canada's policy rate; when it changes, we update this page the same business day.
Operating Lines of Credit
Revolving facilities from $100K to $10M, with your margin determined by credit quality, deposit relationship depth, and utilization history. Our pricing grid is published below — not hidden in an internal document your relationship manager has to "request from head office." For full details on borrowing base methodology, collection-pattern analysis, and facility structuring, visit our Lending page.
| Margin Over Prime | Effective Rate | Qualification |
|---|---|---|
| +1.25% – +1.75% | 7.20% – 7.70% | Strong credit, significant deposit relationship, 3+ years operating history |
| +1.75% – +2.50% | 7.70% – 8.45% | Established credit, standard deposit relationship, diversified client base |
| +2.50% – +3.50% | 8.45% – 9.45% | Newer firms, higher-risk profiles, or concentrated revenue sources |
Effective rates shown are calculated at today's prime of 5.95%. Your actual margin is determined during credit assessment — speak with Marcus Thibodeau for a customized interest rate schedule.
Term Loans — Fixed and Variable Options
Capital for practice acquisitions, partner buyouts, office fit-outs, and technology investments. Fixed rates lock in your cost over the full amortization period; variable rates offer lower initial pricing with exposure to rate movements. Prepayment penalties are disclosed upfront, including the exact calculation formula — before you sign anything.
- Fixed rates available from 5.45% to 7.25% depending on term (3–15 years), credit quality, and security
- Variable rates from Prime + 1.00% to Prime + 3.00% (currently 6.95% – 8.95%)
- Amortization periods from 3 to 15 years, structured to match your cash flow
- DCF-based underwriting with profession-specific multiples for legal, accounting, engineering, healthcare, and IT services firms
View our full lending suite, including succession financing and letters of credit →
Commercial Mortgages — Owner-Occupied Professional Space
For firms purchasing their own office space. We provide a complimentary lease-vs.-buy analysis as part of the advisory process, so you'll know whether ownership makes financial sense for your firm before committing. Up to 75% loan-to-value with amortization up to 25 years.
| Product | Rate |
|---|---|
| 5-Year Fixed | 5.75% |
| Variable | Prime + 0.75% (currently 6.70%) |
All rates subject to credit approval. Your relationship manager will provide a customized interest rate schedule based on your specific profile, deposit relationship, and facility structure — typically within two business days of our initial conversation. Our published commitment for sub-$2M facilities is 10 business days from complete application; our actual average in Q4 2025 was 7.3 business days.
Fee Schedule — Every Charge, Published and Readable
We keep fee structures readable — one page, not fifteen. Below are the services used most often by our 1,400+ business clients. The complete Schedule of Fees is available for download or by request from your relationship manager. Comparing our fees to your current bank's account analysis statement should take minutes, not hours — because we format our fee schedule to be read by a human being, not decoded by a forensic accountant.
| Service | Fee |
|---|---|
| Business Operating Account (with lending relationship) | $0/month |
| Business Operating Account (standalone) | $29/month |
| Electronic Transactions (EFT, internal transfers, payroll) | Unlimited — $0 |
| Wire Transfer (domestic) | $15 |
| Wire Transfer (international) | $35 |
| Foreign Exchange Transactions | Interbank rate + published spread |
| Letter of Credit Issuance | 1.0% of face value (min $500) |
| NSF / Returned Item | $25 |
| Account Statement (paper) | $5/month |
| Account Statement (electronic) | $0 |
| Debit Card (contactless tap-to-pay) | $0 |
| Bank Transition / Account Migration | $0 |
What's not on this list? Hidden account analysis fees, opaque service charges, or monthly "maintenance" costs that inflate your operating expenses. We don't charge for consolidated multi-entity reporting, signing authority changes, or online banking access. If a fee applies, it's listed above or in the complete schedule.
Download our complete Schedule of Fees (PDF) →
Student banking programs available for qualifying post-secondary institutions — contact us for details. For a side-by-side comparison of all deposit products, visit our Business Banking page.
How Our Rates Compare — And Why They're Published
What Most Banks Do
- Deposit rates available "upon request" or disclosed only after onboarding
- Lending margins negotiated in a black box — identical firms may pay wildly different rates
- Fee schedules buried in 15-page account analysis statements with cryptic line-item codes
- GIC rates visible only through a branch visit or phone call
- Rate changes announced after the fact, sometimes without notice
What Saskbank Does
- Every deposit rate published on this page, updated same-day for policy rate changes
- Lending margin grid published above — your qualification tier is explained during your first conversation
- Fee schedule in a single, readable table — downloadable as a one-page PDF
- GIC rates published daily, accessible without a login or a phone call
- Rate changes reflected on this page within one business day of the Bank of Canada announcement
We publish our rates because transparency is a foundational principle at Saskbank — not a marketing tactic. Since our founding in 2017, we've maintained this approach because it produces better outcomes for both sides: informed clients negotiate more efficiently, make faster decisions, and build deeper trust. Our annual "What We Got Wrong" report extends this principle to service failures as well — because accountability shouldn't be optional.
The Numbers Are Here — Let's Model What They Mean for Your Firm
You've seen our published deposit rates, lending margins, and fee schedule. The next step is a conversation about how these numbers apply to your firm's specific deposit volume, credit needs, and cash flow patterns. Your relationship manager — Marcus Thibodeau for lending, Anya Kovalenko for deposits and treasury — will model the impact and provide a customized interest rate schedule, including projected interest earnings on deposits, borrowing cost comparisons against your current bank, and a complete fee analysis. Typically within two business days.
Lock In Today's Rates — Speak With a Banker by End of DayOr call us directly: (416) 555-0100
Explore our full lending suite → | View business banking services →