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.
Term
Minimum Investment
Interest Payment Options
Short-Term
Non-registered
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
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.
Long-Term
Non-registered
1 to 5
years
(long-term)
$1,000
Paid semi-annually
and at maturity
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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