Term deposit

1.15%*

Better Than Cash®

The Better Than Cash® is a flexible term deposit that pays like a locked-in rate, but it's redeemable with interest starting January 1, 20161.

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 January 1, 2016
  • 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%

Open a term deposit

To open a term deposit, log in to Online Banking and click Open an Account. Or call 1-888-517-7000 Mon-Sat, 8am-8pm.


1Term deposit can be redeemed anytime but with no interest if redeemed prior to January 1, 2016.
2Rate as of July 1, 2015 and subject to change without notice.


Better-than-cash term deposits opened before July 1, 2015 can be redeemed with interest on a different date. Contact us for details.