Term Deposits

Redeemable Term Deposits:

  • Both Canadian and U.S. denominations term deposits are available.
  • Available for 30, 60, 90, 180, 270 days and for 1, 2, 3, 4 and 5 years.
  • Rate of interest depends upon the type of the term.
  • No interest is paid if the term deposit is withdrawn in the first 30 days.
  • Redeemable with full accrued interest any time after 30 days.

One Year Term Deposit:

  • Both Canadian and U.S. denominations term deposits are available.
  • 30, 60, and 90 days’ cashable terms are available.
  • Rate of interest depends upon the type of the term.
  • No interest is paid on early redemption.

Non-Redeemable Term Deposits

  • Available for 30 to 365 days.
  • Available for 15 and 18 months.
  • Available for 1 to 5 years.
  • Funds not available until maturity.
  • Rate of interest depends upon the type of the term.

Index Linked Term Deposits

  • Available for 3 and 5 years.
  • Funds not available until maturity.
  • The return on investments is linked to the S&P Toronto Stock Exchange 60 index.