The interest rate applied to AgriInvest and Agri-Québec accounts corresponds to the average interest rate of high-interest savings accounts published by the National Bank of Canada and the Fédération des caisses Desjardins du Québec on their website.
The reference rate is updated monthly on the basis of the rate published on the last working day of the previous month. This rate is applied on the average monthly balance of the account. The average balance is established by calculating the average daily balance of the month in question.
Interest is capitalized annually and paid into the AgriInvest and Agri-Québec accounts on December 1 every year.