GuaranteePlus Term Deposit
Guaranteed return plus potential for additional growth.
- Minimum return guaranteed
- Additional return linked to market performance
- $500 minimum
- RRSP, RESP and TFSA eligible
Looking to balance security with growth? Our GuaranteePlus Term Deposit provides a guaranteed minimum rate of return plus the potential to earn even more based on the market performance of eight blue-chip Canadian financial companies. Peace of mind and portfolio diversification in one easy step.
Features
- Minimum return guaranteed
- No risk to investment principal
- Partial performance linked to 8 solid Canadian financial securities, including multi-national insurance companies
- Potential for greater returns than traditional term deposits
- No commissions or management fees
- Low minimum deposit ($500)
- Term lengths of 3 or 5 years; non-redeemable
- Interest is compounded annually; paid at maturity
- Monthly online updates track performance
- Deposits are 100% guaranteed*
How the rate of return is determined.
As shown in the table below, you are guaranteed a minimum rate of return, determined by the duration of your investment. Then, as the performance of the linked financial securities increases, so does your rate of return – up to the maximum rates indicated.
| Return | 3 years | 5 years |
|---|---|---|
| If the basket (group of securities) appreciates by less than: ...the return will be: |
1.00% 1.00% |
3.0% 3.0% |
| If the basket appreciates between: ...the return will be: |
1.00% to 7.00% The actual rate of return |
3.0% to 11.0% The actual rate of return |
| If the basket appreciates by more than: ...the return will be: |
7.00% 7.00% |
11.0% 11.0% |
The group of eight financial securities includes five national Canadian banks and three multi-national insurance companies.
Past Performance**
| 3 Year GuaranteePlus | 5 Year GuaranteePlus | |
|---|---|---|
| Annual compound returns* | 7.56% | 8.04% |
| Maximum annual return (current issue) | 2.28% | 2.11% |
| **The data presented is for informational purposes; past performance is not necessarily indicative of future results. *Annual compound returns of the underlying basket. Values as of June 30th, 2021. |
||
Current Performance
| GuaranteePlus Term Deposit (Rates effective 2021-08-31) | |||||
|---|---|---|---|---|---|
| Issue Date (agreement) | Term | Initial Index Level | Index Level | Cumulative Appreciation3 | Max Appreciation at Maturity2 |
| Aug 12, 2021 | 3 years | 100.00 | 100.97 | 1.00% | 7.0% |
| Aug 10, 2021 | 5 years | 100.00 | 100.97 | 3.00% | 11.00% |
| Jun 7, 2021 | 3 years | 100.00 | 100.03 | 1.00% | 7.0% |
| Jun 8, 2021 | 5 years | 100.00 | 100.03 | 3.00% | 11.00% |
| Apr 12, 2021 | 3 years | 100.00 | 106.56 | 6.56% | 7.0% |
| Apr 13, 2021 | 5 years | 100.00 | 106.56 | 6.56% | 11.00% |
| Feb 9, 2021 | 3 years | 100.00 | 120.02 | 8.00% | 8.0% |
| Feb 9, 2021 | 5 years | 100.00 | 120.02 | 11.00% | 11.00% |
| Dec 8, 2020 | 3 years | 100.00 | 121.68 | 8.00% | 11.0% |
| Dec 14, 2020 | 5 years | 100.00 | 121.68 | 11.00% | 8.00% |
| Oct 16, 2020 | 3 years | 100.00 | 139.03 | 8.00% | 8.0% |
| Oct 08, 2020 | 5 years | 100.00 | 139.03 | 15.00% | 15.00% |
| Aug 17, 2020 | 3 years | 100.00 | 142.99 | 8.00% | 8.0% |
| Aug 11, 2020 | 5 years | 100.00 | 142.99 | 16.50% | 16.50% |
| Jun 15, 2020 | 3 years | 100.00 | 143.56 | 12.00% | 12.0% |
| Jun 10, 2020 | 5 years | 100.00 | 143.56 | 25.00% | 25.0% |
| Apr 14, 2020 | 3 years | 100.00 | 161.54 | 12.00% | 12.0% |
| Apr 9, 2020 | 5 years | 100.00 | 161.54 | 25.00% | 25.0% |
| Feb 14, 2020 | 5 years | 100.00 | 113.04 | 13.04% | 22.0% |
| Feb 13, 2020 | 3 years | 100.00 | 113.04 | 12.00% | 12.0% |
| Dec 12, 2019 | 3 years | 100.00 | 116.73 | 12.0% | 12.0% |
| Dec 10, 2019 | 5 years | 100.00 | 116.73 | 16.73% | 22.0% |
| Oct 10, 2019 | 5 years | 100.00 | 120.68 | 20.68% | 22.0% |
| Oct 17, 2019 | 3 years | 100.00 | 120.68 | 12.00% | 12.0% |
| Aug 15, 2019 | 5 years | 100.00 | 126.60 | 20.68% | 22.0% |
| Aug 15, 2019 | 3 years | 100.00 | 126.60 | 12.00% | 12.0% |
| Jun 13, 2019 | 5 years | 100.00 | 123.39 | 22.00% | 22.0% |
| Jun 13, 2019 | 3 years | 100.00 | 123.39 | 12.00% | 12.0% |
| Apr 15, 2019 | 5 years | 100.00 | 121.58 | 21.58% | 22.0% |
| Apr 12, 2019 | 3 years | 100.00 | 121.58 | 12.00% | 12.0% |
| Feb 14, 2019 | 3 years | 100.00 | 126.45 | 12.00% | 12.0% |
| Feb 12, 2019 | 5 years | 100.00 | 126.45 | 25.00% | 25.0% |
| Dec 13, 2018 | 5 years | 100.00 | 132.83 | 20.00% | 20.0% |
| Dec 14, 2018 | 3 years | 100.00 | 132.83 | 12.00% | 12.0% |
| Oct 12, 2018 | 5 years | 100.00 | 121.36 | 20.00% | 20.0% |
| Oct 15, 2018 | 3 years | 100.00 | 120.96 | 12.00% | 12.0% |
| Aug 21, 2018 | 5 years | 100.00 | 121.38 | 21.38% | 22.0% |
| Aug 13, 2018 | 3 years | 100.00 | 120.12 | 12.00% | 12.0% |
| Jun 13, 2018 | 5 years | 100.00 | 123.27 | 22.00% | 22.0% |
| Apr 17, 2018 | 5 years | 100.00 | 126.29 | 22.00% | 22.0% |
| Feb 14, 2018 | 5 years | 100.00 | 124.56 | 22.00% | 22.0% |
| Dec 13, 2017 | 5 years | 100.00 | 118.23 | 18.23% | 20.0% |
| Oct 12, 2017 | 5 years | 100.00 | 122.66 | 20.00% | 20.0% |
| Aug 18, 2017 | 5 years | 100.00 | 128.35 | 20.00% | 20.0% |
| Jun 14, 2017 | 5 years | 100.00 | 131.42 | 20.00% | 20.0% |
| Apr 11, 2017 | 5 years | 100.00 | 125.40 | 20.00% | 20.0% |
| Feb 14, 2017 | 5 years | 100.00 | 124.94 | 20.00% | 20.0% |
| Dec 14, 2016 | 5 years | 100.00 | 128.20 | 22.00% | 22.0% |
| Oct 14, 2016 | 5 years | 100.00 | 142.48 | 22.00% | 22.0% |
The indicated percentage represents the appreciation of the index in relation to its initial level. The appreciation takes into account the annual limits stipulated in the deposit agreement. The displayed return (not expressed as an annual compound return) shows the trend for the issue date indicated.
Maximum appreciation at maturity: This product has a ceiling that determines the maximum amount you may receive at maturity.