Term Deposits

Promotional Term Deposits (Rates effective 2020-12-14) Rates
60 Day Term Deposit 0.20%
14 Month Term Deposit 0.75%
30 Month Term Deposit 0.85%
60 Day Term Deposit
Special promotional rate may be changed or withdrawn at any time without notice. Available for new deposits only or new registered contributions which can include existing funds on deposit. Existing term deposits cannot be broken to receive this offer. Simple interest calculated on the principal amount for the number of days in the term deposit and paid at maturity (principal x rate x number of days / 365 days). Rate shown for annual interest. Minimum investment $500; Maximum investment $500,000. Cashable upon maturity only. Available to personal accounts only.
14 Month Term Deposit, 30 Month Term Deposit
Special promotional rate may be changed or withdrawn at any time without notice. Existing term deposits cannot be broken to receive this offer. Rate shown for annual interest. Annual compound interest paid monthly or annually. Minimum investment $500; Maximum investment $500,000. Cashable upon maturity only. Available to personal and non-personal accounts.
Redeemable - Paid Annually Rates
12 Months 0.15%
13-60 Months 0.60%
Non-Redeemable - Paid Annually Rates
12 Months 0.55%
24 Months 0.65%
36 Months 0.75%
48 Months 0.85%
60 Months 0.95%
3 Year Escalator Step Up - Paid Annually (3) Rates
12 Months 0.70%
24 Months 0.95%
36 Months 1.80%
5 Year Escalator Step Up - Paid Annually (1) Rates
12 Months 0.85%
24 Months 0.95%
36 Months 1.05%
48 Months 1.65%
60 Months 1.75%

(1) Effective yield held to maturity 1.20%, (2) Registered Terms pay interest annually, (3) Effective yield held to maturity 1.17%

Redeemable Term Deposits - RRSP & RRIF available.  $100 minimum deposit for children and $500 minimum deposit for adults.

Non-Redeemable Term Deposits - RRSP, RRIF and TFSA available.  $1,000 minimum deposit.  RRSP terms pay interest annually.

Escalator Step Up Term Deposits - RRSP and TFSA available.  Cashable only at yearly anniversary.  $1,000 minimum deposit.

Note: Rates are provided for information purposes only and are subject to change at any time.