Term Deposits

This investment is for you if:

  • You have extra funds not required for your day-to-day needs.
  • You are looking to earn more interest than a savings account.
  • You would like to ladder your investments from short to long term.

Investment Features

If you have a large savings account balance and rarely make withdrawals, a term deposit may be the ideal investment for you. Term Deposits earn higher interest than regular savings accounts and can help you make the most of your money within your investment time horizon.


  • Term Deposits provide a fixed interest rate for a specific term.
  • Both your original investment and interest payments are guaranteed.
  • We offer short and long terms ranging from 32 days – 364 days to one, two, three, four and five years.
  • You can include Term Deposits in your RRSP, RRIF or TFSA.
  • You can include Term Deposits in non-registered investments as well.
  • Non-registered Term Deposits generate interest income that must be reported as taxable income.

Additional Information


  • Non-redeemable Term Deposits – Funds cannot be redeemed until the maturity date.
  • Redeemable Term Deposits – Funds may be redeemed before the maturity date, but are subject to an interest penalty.

Interest Payments

  • Interest can be paid annually or monthly depending on the option you choose. A request to receive monthly interest payments will be at a reduced interest rate.

Ready to invest? Contact a Financial Advisor today!


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Non-Redeemable Term Deposits* (Rates effective 2020-12-14)
32-89 Days 0.30%
90 - 179 Days 0.30%
180-364 Days 0.30%
1 Year 0.50%
2 Year 0.60%
3 Year 0.70%
4 Year 0.80%
5 Year 1.00%
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