If you don't think you will need access to your funds, consider maximizing your returns with a non-redeemable term deposit option.

Short-term options

Available for terms of up to 364 days, this type of term deposit is ideal if you don’t have immediate plans for your money but want to earn an attractive rate of interest.

• 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
• Interest compounds semi-annually for registered terms over six months (otherwise interest is paid at maturity)
• Automatic renewal
• Deposit is secure and qualifies for deposit protection for up to $100,000*

Long-term options

Available for one- to five-year terms, this type of term deposit is the best way to maximize your return. The longer you choose to invest, the greater your interest rate.

• 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
• Interest is paid annually to the term deposit so you can earn more because of compounding interest (interest compounds annually if registered; interest paid annually or monthly if non-registered)
• Deposit is secure and qualifies for deposit protection for up to $100,000*

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

Market-linked enhanced return guaranteed investment

Looking to take advantage of stock returns without the risk? This term deposit guarantees you a competitive rate with the potential for greater returns limited to the performance of 8 global securities.

• Low minimum deposit
• Guaranteed principal
• Guaranteed minimum return
• Rate of interest is based on the performance of Canadian Financial Institutions
• 3 and 5 year terms

3 or 5-year escalator term deposit

Convinced that rates are going up but don't have the time to monitor for this change? Try our 3 or 5-year escalator term deposit. It provides you an increasing rate every year - automatically! Best of all, the interest compounds each year and is paid to you at maturity which means that you'll receive interest paid on interest.

U.S. dollar options

U.S. dollar term deposits are available for terms of up to 364 days. This is a great option if you want to make short-term investments in U.S. dollars at an attractive rate of interest. And because your money is kept in U.S. dollars, you save money on foreign currency exchange fees, and it is easier to budget and pay for U.S. dollar expenditures.

• Interest is paid at maturity in U.S. funds
• Low minimum deposit ($5,000 non-registered; $100 juniors) with no maximum limit

 

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