Term Deposit

There is a better option than letting your money sit in a bank account if you feel your cash reserves may come in handy on the short term. Opt for a flexible solution like a term deposit (TD).

Peace of mind

Looking for a risk-free investment just for a short while? Whether you’re averse to risk or have been burnt before, you should know that term deposits are a hallmark of safe investment that will afford you complete peace of mind. With a term deposit, your initial investment is 100% guaranteed.

Flexibility and attractive rate

Do you feel you may need your capital on short notice? Perhaps, you prefer to secure some leeway in case an investment opportunity arises? Because term deposits are cashable without penalty after 30 days, they offer all the financial flexibility you need. They are available with a 14-month term.

Compared to a regular bank account, the competitive rate for this type of investment is most attractive. It’s a compatible mix of flexibility and attractive rate.

Minimum investment $500
Terms available 14 months and 15 months*
Eligibility to a registered plan Yes
Access to capital Cashable without penalty after 30 days
Interest payment Interest paid at maturity

*The promotional 15 months term is offered for a limited time.


This investment product is suited for you if:

  • You seek an investment vehicle that protects the initial amount of your investment;
  • You prefer to be aware of your return from the outset;
  • You anticipate the need to access your capital on short notice;
  • You want a higher return than what offers a bank account.

This investment product is not suited for you if:

  • You do not expect to need your invested capital for the duration of the term;
  • You are looking for a high interest rate deposit product.

Legal Notice

span class='note'>This product is eligible for deposit insurance from the Canadian Deposit Insurance Corporation (CDIC) up to the maximum limit for coverage from the CDIC and subject to applicable conditions.