The Better-than-cash is a flexible term deposit that pays like a locked-in rate, but it's redeemable with interest starting November 1, 20151.
Why choose a Better-than-cash deposit?
- Interest rate of 1.15% 2
- 1-year term
- Only need $500 to get started
- Redeemable with interest starting November 1, 2015
- Available as an RRSP, RRIF, RESP, and TFSA
- This is the most helpful product for you if
- you want access to your savings, but you still want a competitive rate
- you want to start saving, but aren’t sure what investment to choose
Term Deposit Rates
|Rates effective April 10, 2015||Interest Rate|
|Better-than-cash™ term deposit||1.150%|
|1-Year term deposit||1.300%|
|15-Month term deposit||1.500%|
|5 year term deposit||1.900%|
1Term deposit can be redeemed anytime but with no interest if redeemed prior to November 1, 2015.
2Rate as of May 1, 2015 and subject to change without notice.
Better-than-cash term deposits opened before May 1, 2015 can be redeemed with interest on a different date. Contact us for details.