2024 Retirement Term Deposit Offer - 2 Year Escalator Rate

Grow your retirement savings with confidence

Earn 4.8% in the first year on registered accounts or 4.7% in the first year on non-registered accounts, then 5.0% in the second year.

  • Registered accounts include RRSP, RRIF, RESP, TFSA or RDSP
  • Deposits 100% guaranteed
  • $100 minimum
  • New client Welcome Bonus of up to $400a

Learn More

Jump Rate Term Deposit* Rates
Jump Rate Term Deposit
3.70%
2-Year Escalator Term Deposit* Rates
2-Year Escalator: year 1 annual interest
4.70%
2-Year Escalator: year 2 annual interest
5.00%
3-Year Escalator Term Deposit* Rates
3-Year Escalator: year 1 annual interest
4.25%
3-Year Escalator: year 2 annual interest
4.40%
3-Year Escalator: year 3 annual interest
4.85%
5-Year Escalator Term Deposit* Rates
5-Year Escalator: year 1 annual interest
4.10%
5-Year Escalator: year 2 annual interest
4.15%
5-Year Escalator: year 3 annual interest
4.20%
5-Year Escalator: year 4 annual interest
4.25%
5-Year Escalator: year 5 annual interest
4.50%
Short-term Non-Redeemable Term Deposits* Rates
Non-Redeemable Term Deposit: short-term, 30-59 days
0.15%
Non-Redeemable Term Deposit: short-term, 60-89 days
0.20%
Non-Redeemable Term Deposit: short-term, 90-179 days
0.25%
Non-Redeemable Term Deposit: short-term, 180-269 days
0.30%
Non-Redeemable Term Deposit: short-term, 270-364 days
0.35%
Long-term Non-Redeemable Term Deposits* (Annual Interest) Call Us to Discuss More Flexible Options Rates
Non-Redeemable Term Deposit: long-term, 1 year, annual interest
4.10%
Non-Redeemable Term Deposit: long-term, 1.5 yr, annual interest
4.00%
Non-Redeemable Term Deposit: long-term, 2 year, annual interest
3.90%
Non-Redeemable Term Deposit: long-term, 3 year, annual interest
3.70%
Non-Redeemable Term Deposit: long-term, 4 year, annual interest
3.60%
Non-Redeemable Term Deposit: long-term, 5 year, annual interest
3.50%
Long-term Non-Redeemable Term Deposits* (Monthly Interest, Non-registered only) Rates
Non-Redeemable: long-term, 1 year, monthly interest
4.10%
Non-Redeemable: long-term, 1.5 years, monthly interest
3.90%
Non-Redeemable: long-term, 2 years, monthly interest
3.80%
Non-Redeemable: long-term, 3 years, monthly interest
3.60%
Non-Redeemable: long-term, 4 years, monthly interest
3.50%
Non-Redeemable: long-term, 5 years, monthly interest
3.50%
FLEXterm Term Deposit* Rates
1-Year FLEXterm: Annual Interest
2.60%
2-Year FLEXterm: Annual Interest
2.80%
Registered Savings Accounts* Rates
TFSA Savings
0.10%
RRSP Savings
0.10%
RRIF Savings
0.10%
RESP Growth Savings
0.10%
RDSP Savings
0.10%
FHSA Savings
3.00%
USD Non-Redeemable Term Deposits* Rates
USD Non-Redeemable: 30-59 days, interest at maturity
0.30%
USD Non-Redeemable: 60-89 days, interest at maturity
0.45%
USD Non-Redeemable: 90-179 days, interest at maturity
0.60%
USD Non-Redeemable: 180-269 days, interest at maturity
1.10%
USD Non-Redeemable: 270-364 days, interest at maturity
1.35%
USD Non-Redeemable: 1 year, interest at maturity
1.75%
USD Non-Redeemable: 1.5 year, interest at maturity
2.00%
USD Non-Redeemable: 2 year, interest at maturity
2.45%
USD Non-Redeemable: 3 year, interest at maturity
2.75%
USD Non-Redeemable: 4 year, interest at maturity
3.00%
USD Non-Redeemable: 5 year, interest at maturity
3.20%

* Rates are subject to change without notice at any time. 

‡ Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).

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. Your capital is guaranteed but the return may be nil. The displayed return (not expressed as an annual compound return) shows the trend for the issue date indicated.

2 Maximum appreciation at maturity: This product has a ceiling that determines the maximum amount you may receive at maturity.

3 The indicated percentage represents the appreciation of the index in relation to its initial level. This appreciation takes into account the characteristics of each indexed term savings product: it was raised for issues with a participation rate over 100%, and also considers participation rates that are lower than the index growth, if applicable. The appreciation also takes into account, if applicable, the annual higher and lower limits stipulated in the deposit agreement. Your capital is guaranteed but the return may be nil. The return indicated (not expressed as an annual compound return) illustrates the trends of the various issues.