Featured Rates

1.40%*

15-Month term

1.45%*

18-Month term
 

Investing for the short term? The long term? Or some cosmic term that only arrives on Groundhog’s Day? Either way, we’ve got the term deposit for you. Our term deposits are available from 1 month to 5 years. We guarantee the rates throughout the life of the term, so you have peace of mind. 

Why choose a Short & Long term deposit?

  • 1 month to 5 years terms
  • Have the interest paid out or enjoy compound interest
  • Only need $1,000 to get started
  • Short-term term deposits pay interest at maturity. Long-term term deposits pay interest at maturity or to an account every month or every year.
  • You’re automatically renewed at the current rate for the same term
  • Available as an RRSP, RRIF, RESP, and TFSA
  • Short-term term deposits available in US funds
  • This is the most helpful product for you if
    • you want to choose the exact length of the term, to mature right before the closing date, on your new home, for example.
    • you want income from the interest on your investment
 

Short Term Deposit Rates

Rates effective February 02, 2015 Interest Rate
Short Term Deposits - 1 to less than 2 months 0.400%1
Short Term Deposits - 2 to less than 3 months 0.450%3
Short Term Deposits - 3 to less than 4 months 0.550%
Short Term Deposits - 4 to less than 6 months 0.600%
Short Term Deposits - 6 to less than 9 months 0.650%
Short Term Deposits - 9 to less than 12 months 0.950%
Short Term US Deposits - 1 to less than 2 months 0.100%
Short Term US Deposits - 2 to less than 3 months 0.150%
Short Term US Deposits - 3 to less than 4 months 0.150%
Short Term US Deposits - 6 to less than 9 months 0.200%
Short Term US Deposits - 9 to less than 12 months 0.250%
Short Term US Deposits - 9 to less than 12 months 0.250%
Short Term US Deposits – 12 months 0.300%

Long Term Deposit Rates

Rates effective February 02, 2015 Interest Rate
Long Term 1-Year term deposit 1.300%
Long Term 15-Month term deposit 1.400%
Long Term 18-Month term deposit 1.450%
Long Term 2-Year term deposit 1.400%
Long Term 3-Year term deposit 1.600%
Long Term 4-Year term deposit 1.700%
Long Term 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.



*Interest rates are subject to change without notice and are calculated on a per annum basis.