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GICs & Term Deposits

Foreign Currency GICs & Term Deposits


TD U.S. Dollar & Foreign Currency Term Deposits

TD U.S. Dollar & Foreign Currency Term Deposits are great investments for your foreign funds because they allow you to earn interest at a guaranteed rate. Plus, your money is protected against exchange rate fluctuations, so you don't have to worry about converting your funds to Canadian dollars on a regular basis.

What are the benefits of TD U.S. Dollar & Foreign Currency Term Deposits?

1. Safety and security

Your original investment and interest payments are guaranteed and direct obligations of The Toronto-Dominion Bank.

2. Competitive interest rates

These rates are guaranteed for the term of your investment.

3. Flexible terms

TD U.S. Dollar and Foreign Currency Term Deposits range from 30 days to 365 days.

4. Exposure to foreign currencies

Spread your money among some of the world's strongest currencies while protecting them against exchange rate fluctuations.


TD U.S. Dollar & Foreign Currency Term Deposits

Take a look at the U.S. Dollar & Foreign Currency Term Deposit options available to you.

Find Out More


Explore your TD U.S. Dollar & Foreign Currency Term Deposits options today

  • Visit any TD Canada Trust Branch
  • Or call 1-866-222-3456 to discuss your options

If you have an account with TD Canada Trust you can apply now!

Apply Now

A TD U.S. Dollar or Foreign Currency Term Deposit is a good investment option if you're looking to reach your savings goal in the:

short, mid or long-term


Laddering Term Deposits

Laddering GICs

Find out how a laddered investment strategy can help you maximize returns.

Learn more

TD has secure investment options for your U.S. Dollar & foreign funds

At TD you can explore the wide range of U.S. Dollar & Foreign Currency Term Deposits that can help you reach your savings goals. You still get the security that comes with earning guaranteed rates on your investment. Plus, you get to spread your money among some of the world's 7 strongest currencies:

  • U.S. Dollar
  • Euro
  • Pounds Sterling
  • Australian Dollar
  • Swiss Franc
  • New Zealand Dollar
  • Hong Kong Dollar

Currency*Minimum
Investment
SettlementLiquidity
U.S Dollars$5,000 for
30 to 369 days
$100,000 for
1 to 369 days
Same-day settlementCashable in full prior to maturity with NO interest paid
Euro25,000 EUR
30 to 369 days
2-day settlement
(for purchase & sale)
Pound Sterling10,000 GBP
30 to 369 days
2-day settlement
(for purchase & sale)
Australian Dollar25000 AUD
30 to 369 days
2-day settlement
(for purchase & sale)
Swiss Franc25,000 CHF
30 to 369 days
2-day settlement
(for purchase & sale)
New Zealand Dollar25,000 NZD
30 to 369 days
2-day settlement
(for purchase & sale)
Hong Kong Dollar100,000 HKD
30 to 369 days
2-day settlement
(for purchase & sale)
* There is no withholding tax applicable for non-residents.

What types of U.S. Dollar & Foreign Currency Term Deposits are available?

  • TD U.S. Dollar Term Deposits

    TD U.S. Dollar Term Deposits can be an excellent investment choice for your short-term savings goals in a non-registered account. They offer a competitive interest rate that is guaranteed for the term of the deposit. There is no withholding tax on interest income for non-residents.

    Term Rates
    $5,000 to $24,999.99 30 days 0.05%
    60 days 0.10%
    90 days 0.15%
    120 days 0.20%
    180 days 0.30%
    369 days 0.40%
    $25,000 to $99,999.99 30 days 0.05%
    60 days 0.10%
    90 days 0.20%
    120 days 0.25%
    180 days 0.35%
    369 days 0.40%
    $100,000+ 30 days 0.05%
    60 days 0.15%
    90 days 0.20%
    120 days 0.25%
    180 days 0.35%
    369 days 0.40%

    Apply Now

    Minimum Investment: $5,000

    Cashability:
    • Cashable with no interest prior to maturity
    • In full, or partial while maintaining the minimum investment amount

    Interest Payment Options:
    • Paid at maturity


    Explore your TD U.S. Dollar & Foreign Currency Term Deposits options today

    • Visit any TD Canada Trust Branch
    • Or call 1-866-222-3456 to discuss your options

    If you have an account with TD Canada Trust you can apply now!

    Apply Now

  • TD 1 Year US Dollar Cashable GIC

    This US dollar investment features a 365 day term. You have the security of knowing your rate is guaranteed for the entire term, but should you change your investment goals or require access to funds, you can cash in your TD 1 Year US Dollar Cashable GIC after 30 days in full or in part, without penalty. For your convenience, the TD 1 Year US Dollar Cashable GIC will automatically renew Principal and Interest at maturity into a TD 1 Year US Dollar Cashable GIC ensuring that you don't miss a day of interest.

    Term Rates for
    Non-Registered
    Rates for
    RSP, RIF, RESP
    365 days 0.05% N/A


    Apply Now

    Non-registered Only

    Minimum investment: $1,000

    Cashability:
    • Cashable in full or in part after 30 days. Original contract rate applies to early cashing
    • Minimum withdrawal amount of $1,000 and minimum remaining balance of $1,000

    Interest Payment Options:
    • Simple interest1 paid at maturity

    Explore your TD U.S. Dollar & Foreign Currency Term Deposits options today

    • Visit any TD Canada Trust Branch
    • Or call 1-866-222-3456 to discuss your options

    If you have an account with TD Canada Trust you can apply now!

    Apply Now

    1 Interest is calculated only on the original principal and not on the sum of the principal plus accrued interest.

  • TD U.S. Dollar GIC

    TD U.S. Dollar non-registered GICs can be an excellent investment option for your long-term savings goals. They offer a competitive guaranteed interest rate for a specific term if you wish to lock in your U.S. funds. There is no withholding tax on interest income for non-residents.

    U.S. Dollar GICs are not offered within an RSP; are not an insured deposit as defined by CDIC and are fully guaranteed by TD Bank Financial Group.

    Product Name Term Rates
    U.S. Dollar GIC
    (Long-Term and
    Simple Interest)
    1 year 0.35%
    2 years 0.45%
    3 years 0.50%
    4 years 0.70%
    5 years 1.00%

    Apply Now

    Minimum Investment: $1,000

    Cashability:
    • Not cashable

    Interest Payment Options:
    • Paid annually and at maturity


    Explore your TD U.S. Dollar & Foreign Currency Term Deposits options today

    • Visit any TD Canada Trust Branch
    • Or call 1-866-222-3456 to discuss your options

    If you have an account with TD Canada Trust you can apply now!

    Apply Now

  • Foreign Currency Term Deposits

    Foreign Currency Term Deposits1 at TD Canada Trust are a secure investment for your foreign funds that can earn interest at a guaranteed rate.

    TermRates
    AUD Term Deposit
    ($25,000- $99,999)
    30 daysCall for rates
    60 days0.50%
    90 days0.50%
    180 days1.05%
    270 days1.05%
    365 days1.05%
    AUD Term Deposit
    ($100,000+)
    30 days1.10%
    60 days1.30%
    90 days1.30%
    180 days1.55%
    270 days1.55%
    365 days1.55%
    NZD Term Deposit
    ($25,000 - $99,999)
    30 daysCall for rates
    60 days0.25%
    90 days0.25%
    180 days0.50%
    270 days0.50%
    365 days0.50%
    NZD Term Deposit
    ($100,000+)
    30 days0.75%
    60 days0.75%
    90 days0.75%
    180 days1.00%
    270 days1.00%
    365 days1.00%
     
    TermRates
    EUR Term Deposit
    ($25,000 - $ 99,999)
    30 days0.00%
    60 days0.00%
    90 days0.00%
    180 days0.00%
    270 days0.00%
    365 days0.00%
    EUR Term Deposit
    ($100,000+)
    30 days0.00%
    60 days0.00%
    90 days0.00%
    180 days0.00%
    270 days0.00%
    365 days0.00%
     
    TermRates
    GBP Term Deposit
    ($100,000+)
    30 days 
    60 days 
    90 days 
    180 days0.05%
    270 days0.12%
    365 days0.15%

    Apply Now

     
    Euro

    Minimum investment: 25,000 EUR 30 to 369 days

    Settlement: 2-day settlement (for purchase & sale)

    Cashability:
    • Cashable in full prior to maturity with NO interest paid

    Interest Payment Options:
    • Simple interest2 is calculated on the principal amount and is paid at maturity
     
    Pound Sterling

    Minimum investment: 10,000 GBP 30 to 369 days

    Settlement: 2-day settlement (for purchase & sale)

    Cashability:
    • Cashable in full prior to maturity with NO interest paid

    Interest Payment Options:
    • Simple interest2 is calculated on the principal amount and is paid at maturity
     
    Australian Dollar

    Minimum investment: 25,000 AUD 30 to 369 days

    Settlement: 2-day settlement (for purchase & sale)

    Cashability:
    • Cashable in full prior to maturity with NO interest paid

    Interest Payment Options:
    • Simple interest2 is calculated on the principal amount and is paid at maturity
     
    Swiss Franc

    Minimum investment: 25,000 CHF 30 to 369 days

    Settlement: 2-day settlement (for purchase & sale)

    Cashability:
    • Cashable in full prior to maturity with NO interest paid

    Interest Payment Options:
    • Simple interest2 is calculated on the principal amount and is paid at maturity
     
    New Zealand Dollar

    Minimum investment: 25,000 NZD 30 to 369 days

    Settlement: 2-day settlement (for purchase & sale)

    Cashability:
    • Cashable in full prior to maturity with NO interest paid

    Interest Payment Options:
    • Simple interest2 is calculated on the principal amount and is paid at maturity
     
    Hong Kong Dollar

    Minimum investment: 100,000 HKD 30 to 369 days

    Settlement: 2-day settlement (for purchase & sale)

    Cashability:
    • Cashable in full prior to maturity with NO interest paid

    Interest Payment Options:
    • Simple interest2 is calculated on the principal amount and is paid at maturity


    Explore your TD U.S. Dollar & Foreign Currency Term Deposits options today

    • Visit any TD Canada Trust Branch
    • Or call 1-866-222-3456 to discuss your options

    If you have an account with TD Canada Trust you can apply now!

    Apply Now

    1 U.S. Dollar & Foreign Currency Term Deposits are not offered within an RSP; are not an insured deposit as defined by CDIC and are direct obligations of The Toronto-Dominion Bank. Foreign Currency Term Deposits are subject to foreign exchange risk as the underlying currency may appreciate or depreciate during the investment term.
    2 Simple interest is calculated on the principal amount and is paid at maturity.

Laddering Term Deposits

Laddering GICs

Find out how a laddered investment strategy can help you maximize returns.

Learn more

Have some more questions?

Consult our Frequently Asked Questions.

Learn more

Have a few questions?

We've provided answers to some of the most common questions people have about U.S. Dollar and Foreign Currency Term Deposits.

  • Can I cash out early?

    Yes, U.S. Dollar and Foreign Currency Term Deposits are cashable prior to maturity; your principal will be returned with no interest paid.

  • Is my money locked in?

    In order to earn interest on your U.S. Dollar or Foreign Currency Term Deposit, you must hold the investment to maturity.

GIC & Term Deposit Glossary

Cashability

This refers to the ability to redeem your guaranteed investment for cash at your convenience and withdraw funds before the original maturity date.

Laddering

The strategy of purchasing a series of GICs with gradually increasing terms (usually from one to five years).

Principal

The initial amount invested in the GIC.

Return

The interest you may earn during the term of your investment.

Term

The period of the investment, which can range from 30 days to 5 years.