Jump Rate Term Deposit
Flexibility with a guaranteed rate of return.
- 18-month term
- One-time option to convert to a different non-redeemable term deposit
- $500 minimum
- RRSP, RRIF, RESP, TFSA, RDSP eligible
- Deposits are 100% guaranteed*
A Jump Rate® Term Deposit provides you with the assurance of a solid rate of return, with the flexibility you need to respond to a changing interest rate environment. Should rates go up, you have the option for a one-time "jump" to a different non-redeemable term deposit with an equal or longer maturity date. Please note, you are unable to jump from this product to another Jump Rate product during the term contract.
It's the worry-free way to save.
Jump Rate® Term Deposit at a glance:
|Eligibility||RRSP, RRIF, RESP, TFSA and RDSP|
|Interest||Interest compounded annually|
|Renewal||At maturity you have the option to renew your Jump Rate Term Deposit, invest in a different term deposit, or withdraw the funds.|
|Jump Rate Term Deposit (Rates effective 2020-11-05)||Rates|