Escalator Term Deposit
Growth that escalates over the long term.
- Laddered rate
- 2, 3 and 5 year terms
- $100 minimum
- RRSP, RRIF, RESP, TFSA, RDSP eligible
- Deposits are 100% guaranteed*
Watch it grow. Our Escalator Term Deposits have built-in rate increases so your money grows more each year – automatically. And it's cashable on each anniversary date, so you can access your money when you need it.
Escalator Term Deposits at a glance:
|2-Year Escalator Term Deposit||3-Year Escalator Term Deposit||5-Year Escalator Term Deposit|
|Term/Duration||2 years||3 years||5 years|
|Eligibility||RRSP, RRIF, RESP, TFSA, RDSP|
|Interest||Interest paid out annually or compounded annually.|
|Renewal||At maturity you have the option to renew your Escalator Term Deposit, invest in a different term deposit, or withdraw the funds.|
Rates: 2-Year Escalator Term Deposit †
|2-Year Escalator Term Deposit (Rates effective 2020-05-29)||Rates|
|2-Year Escalator: year 1 annual interest||1.10%|
|2-Year Escalator: year 2 annual interest||2.20%|
Rates: 3-Year Escalator Term Deposit †
|3-Year Escalator Term Deposit (Rates effective 2020-05-29)||Rates|
|3-Year Escalator: year 1 annual interest||1.10%|
|3-Year Escalator: year 2 annual interest||1.60%|
|3-Year Escalator: year 3 annual interest||2.40%|
Rates: 5-Year Escalator Term Deposit †
|5-Year Escalator Term Deposit (Rates effective 2020-05-29)||Rates|
|5-Year Escalator: year 1 annual interest||1.10%|
|5-Year Escalator: year 2 annual interest||1.20%|
|5-Year Escalator: year 3 annual interest||1.60%|
|5-Year Escalator: year 4 annual interest||2.10%|
|5-Year Escalator: year 5 annual interest||3.00%|
Need more options?
Our easy-to-use selection tool will help you determine the right term deposit solution to meet your needs.