Want the security of knowing you can access your funds should you need them­—without penalty? Consider the following redeemable term deposit options:

One-year cashable

A one-year, cashable term deposit allows you to invest your money for a short period of time and still earn an attractive interest rate.

• Fully cashable after the first 30 days so that you can access your money at any time for unexpected emergencies or other investment opportunities (if cashed after 30 days, you will still receive interest with no penalty)
• Low minimum deposit ($1,000 non-registered; $500 registered; $100 juniors) with no maximum limit
• Available as a registered product (not RIF eligible) so you can tax shelter the interest you earn
• Automatic renewal
• Interest is paid annually to the term deposit so you can earn more because of compounding interest
• Deposit is secure and qualifies for deposit protection for up to $100,000*

*Protection provided through the Credit Union Deposit Insurance Corporation (CUDIC).

18-month cashable

This 18-month term deposit gives you flexibilty if you are waiting for rates to rise but want to earn a higher rate of interest than a savings account.

• Fully cashable after the first 6 months so that you can access your money at any time for unexpected emergencies or other investment opportunities (if cashed after 6 months, you will still receive interest with no penalty)
• Low minimum deposit ($1,000 non-registered; $500 registered; $100 juniors) with no maximum limit 
• Available as a registered product (not RIF eligible) so you can tax shelter the interest you earn
• Automatic renewal
• Interest is paid annually to the term deposit so you can earn more because of compounding interest
• Deposit is secure and qualifies for deposit protection for up to $100,000*

*Protection provided through the Credit Union Deposit Insurance Corporation (CUDIC).

TOP5 (available at select times)

A five-year term deposit, TOP5 pays an annual return based on the interest rate at either the time of deposit (i.e. the base rate) or the current posted 5-year rate—whichever is higher.

• Can withdraw up to 20% of your original deposit without penalty
• Low minimum deposit ($1,000; $100 for juniors)
• Available as a registered product (minimum deposit of $500) so you can tax shelter the interest you earn
• Automatic renewal
• Interest is paid annually
• Rate is re-set annually (on the anniversary date) to the curent 5-year rate and will never go below the "guaranteed rate". 
• Deposit is secure and qualifies for deposit protection for up to $100,000*

*Protection provided through the Credit Union Deposit Insurance Corporation (CUDIC).

Long-term options

Available in one- to five-year terms, these redeemable term deposits are a good choice if you are looking to maximize your return but want to be able to access your investment.

• Low minimum deposit ($1,000 non-registered: $500 registered: $100 juniors) with no maximum limit
• Available as a registered product so you can tax shelter the interest you earn
• Redeemable with a 2% penalty
• Interest is paid annually so you can earn more because of compounding interest (registered version only; non-registered pays interest monthly)
• Deposit is secure and qualifies for deposit protection for up to $100,000*

*Protection provided through the Credit Union Deposit Insurance Corporation (CUDIC).

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