Escalating term deposits

Each year you keep your money in an escalating term deposit the interest rate will increase. If you’re saving for a big purchase that’s at least a year away, but you’re not yet sure when exactly you’ll need your money, escalating term deposits are a great option.

  • Minimum investment is $500
  • Rates guaranteed to increase each year
  • Redeemable or convertible at each anniversary with full interest
  • Interest paid annually
  • RRSP investment options available for three- and five-year terms
  • TFSA option available for three-year terms

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