Investments

Non-redeemable term deposits

If you’re looking for higher interest rates and you don’t need ready access to your cash, then non-redeemable deposits are a smart choice.

minimum investment
- annual or semi-annual interest option: $500
- monthly interest option: $1,000
term lengths from 1 to 5 years
RRSP, RRIF, RESP, TFSA, and RDSP eligible
interest paid semi-annually or monthly (non-registered only) or annually, or compounded annually and reinvested into your term deposit.
only redeemable at maturity, at the end of the term
at maturity you have the option to renew your term deposit, invest in a different term deposit, or withdraw the funds.

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

Login to online banking
Go to Account Services and select "Open an account".
If you're opening a short term redeemable term deposit and would like to specify a length down to the day rather than rounding to the nearest month (ex. 6 months and 15 days), please book an appointment or call us.

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

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