
Term Deposits
With our suite of Term Deposits, you can benefit from both a guaranteed rate and the flexibility to withdraw all or part of your investment prior to maturity at a reduced rate. Term Deposits are well-suited to short-term savings goals such as a car purchase but also allow for long-term savings with access to your funds if needed. Please note that Term Deposits are not offered within an RSP, RESP or RIF.
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Term |
Minimum Investment |
Interest Payment Options |
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Short-Term |
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Non-registered and Registered (TFSA) |
30 to 364 days |
$5,000 |
For terms less than 90 days: Paid at maturity
For terms 90 days or greater: Paid monthly & at maturity |
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Cashability:
- After 30 days in full or part. Interest paid at prescribed early cashing rate on redemption.
- Minimum withdrawal is $1,000 while maintaining at least the minimum investment balance.
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Long-Term |
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Non-registered and Registered (TFSA) |
1 to 5
years
(long-term) |
$1,000 |
Paid semi-annually
and at maturity |
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Cashability:
- After 30 days in full or part. Interest paid at prescribed early cashing rate on redemption.
- Minimum withdrawal is $1,000 while maintaining at least the minimum investment balance.
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