Term Deposits/GICs

To purchase a term deposit, simply log into Online Banking and click Open an Account. Don't have an account with us yet? Phone our Contact Centre at 1.888.517.7000 or apply online to take advantage of these rates.

Term deposits are also available as most Registered Accounts.

Redeemable Term Deposit Rate effective Apr 1, 2019
1-Year Redeemable Term Deposit 1.550%
Park-it RRSP Term Deposit Rate effective Apr 1, 2019
1-Year Park-it RRSP Term Deposit – Also available for purchase as RIF and TFSA registered accounts 1.000%
Better Than Cash® Rate effective Apr 1, 2019
1-Year Better Than Cash Term Deposit 1.650%
Short Term Deposits Rate effective Apr 9, 2019
Short Term Deposit - 1 to less than 2 months 0.200%
Short Term Deposit - 2 to less than 3 months 0.350%
Short Term Deposit - 3 to less than 4 months 0.500%
Short Term Deposit - 4 to less than 6 months 0.550%
Short Term Deposit - 6 to less than 9 months 0.600%
Short Term Deposit - 9 to less than 12 months 0.650%
Short Term US Deposits Rate effective Jul 13, 2018
Short Term US Deposit - 1 to less than 2 months 0.250%
Short Term US Deposit - 2 to less than 3 months 0.300%
Short Term US Deposit - 3 to less than 4 months 0.400%
Short Term US Deposit - 4 to less than 6 months 0.450%
Short Term US Deposit - 6 to less than 9 months 0.550%
Short Term US Deposit – 9 to less than 12 months 0.600%
Long Term Deposits Rate effective Mar 14, 2019
Long Term 15-Month Term Deposit 1.700%
Long Term 18-Month Term Deposit 1.750%
Long Term 1-Year Term Deposit 1.700%
Long Term 2-Year Term Deposit 1.800%
Long Term 3-Year Term Deposit 2.000%
Long Term 4-Year Term Deposit 2.150%
Long Term 5-Year Term Deposit 2.250%
Safe Bet No Sweat™
View Current and Past Offers
Rising Rate Term Deposit Rate effective Jan 2, 2019
3-Year Rising Rate Term Deposit
Year 1
Year 2
Year 3
1.500%
2.000%
3.000%
7-Year Rising Rate Term Deposit
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
1.250%
1.350%
1.750%
1.850%
2.250%
3.000%
3.250%
Offer subject to change without notice at any time. Interest rates are guaranteed and are calculated on a per annum basis. Learn more about how our interest rates are calculated on deposit and term deposit products.
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Call us at 1.888.517.7000 Mon-Sat, 8am-8pm; Sun, 9am-5:30pm.