Long-Term Redeemable Term Deposit
Guaranteed growth and complete flexibility.
- Laddered rate
- 1 to 5 years
- $500 minimum
- Deposits are 100% guaranteed*
Long-Term Redeemable Term Deposits allow you to earn a higher rate of return. By choosing a redeemable or "cashable" term deposit, you get the added flexibility of accessing your funds if you need them.
Long-Term Term Deposit at a glance:
|Long-Term Redeemable Term Deposit|
|Term/Duration||1 to 5 years|
|Eligibility||RRSP, RRIF, RESP, TFSA, RDSP|
|Interest||Interest transferred monthly (non-registered only) or annually to your savings or chequing account, or compounded annually and reinvested into your term deposit. Note: if redeemed within 29 days of the date of deposit, no interest will be paid. A reduced interest rate is earned if redeemed after 30 days and prior to maturity.|
|Renewal||At maturity you have the option to renew your Long-Term Term Deposit, invest in a different term deposit, or withdraw the funds.|
|Long-term Redeemable Term Deposits (Rates effective 2018-07-19)||Rates|
|Redeemable: long-term, 1 year||0.60%|
|Redeemable: long-term, 2 years||0.70%|
|Redeemable: long-term, 3 years||0.90%|
|Redeemable: long-term, 4 years||1.00%|
|Redeemable: long-term, 5 years||1.35%|
Need more options?
Our easy-to-use selection tool will help you determine the right term deposit solution to meet your needs.