Term Deposits

Promotional Term Deposits (Rates effective 2020-10-21) Rates
90 Day Term Deposit 0.35%
20 Month Term Deposit 1.20%
5 Year Term Deposit 1.40%
90 Day, 20 Month and 5 Year: Special promotional rate may be changed or withdrawn at any time without notice.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. 90 Day available to personal accounts only. 20 Month and 5 Year available to personal and non-personal accounts. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date.
Redeemable - Paid Monthly Rates
13-60 Months 0.25%
Redeemable - Paid Annually Rates
12 Months 0.35%
13-60 Months 0.60%
Non-Redeemable - Paid Monthly (2) Rates
12 Months 0.50%
24 Months 0.50%
36 Months 0.75%
48 Months 1.00%
60 Months 1.25%
Non-Redeemable - Paid Annually Rates
12 Months 0.80%
24 Months 0.90%
36 Months 1.00%
48 Months 1.10%
60 Months 1.20%
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.