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%|
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.