Term deposits / GICs

Low-risk investing that does good.

Up to 2.00%

Flexible investing with our 3-year escalating term deposit.

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Up to 1.35%

Lock-in a great rate with our non-redeemable term deposit.

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What's a term deposit?

A term deposit, also known as a guaranteed investment certificate (GIC), is a low-risk investment that earns interest.

  • Guaranteed return
    Deposit your money for a set amount of time and you’ll earn more interest than you would with a savings account.

  • For short to medium-term investing
    Use term deposits to save cash that you don’t need to use now, but are likely to use within in the next 5 years.

  • You’re investing in us
    Many of these deposits go to funding the loans and mortgages that create our neighbourhoods and our local businesses.
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Choose a term deposit

How do I pick? Think about how long you can put away your money and how much access you’ll need. Cashable and escalating deposits have the most flexibility while non-redeemables may provide better rates.

Term Deposit typeOverviewKey features

Cashable term deposit

Our most flexible term deposit.

  • 30 or 90 day lockout
  • Start investing with $500
  • For non-registered accounts or TFSA

Escalating term deposit

Get a higher interest rate every year.

  • Freedom to withdraw annually
  • Start investing with $500
  • For non-registered accounts, TFSA, RRSP, RRIF, RESP, RDSP

Long-term redeemable

Invest without locking in.

  • Invest for 1 to 5 years
  • Start investing with $500
  • For non-registered accounts

Non-redeemable

Lock in your cash and earn more.

  • Invest for 1 to 5 years
  • Start investing with $100
  • For non-registered accounts, TFSA, RRSP, RRIF, RESP, RDSP

Index-linked

Invest in the market.

  • Invest for 3 or 5 years
  • Start investing with $1,000
  • For non-registered accounts, TFSA, RRSP, RRIF

Short-term redeemable

Earn more than your savings account.

  • Invest for 30 to 364 days
  • Start investing with $5,000
  • For non-registered accounts


Let's open a term deposit

I'm already a member

To open a non-registered term deposit or add a term deposit to an existing TFSA, RRSP, RRIF or RDSP:

Want to open a new TFSA, RRSP, RRIF or RDSP and invest in term deposits?

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I'm not a member yet

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