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​Growing Rate Term Deposit

Growing Rate Term Deposit

Overview

We’ve got your long-term financial goals in mind at Moya.

Our Growing Rate Term Deposit lets you earn competitive, guaranteed interest on your deposit and build your investment with an interest rate that increases every single year of the term.

*Our Growing Rate Term Deposit is non-redeemable, so you may not withdraw funds until the end of the full 5-year term. If needed, you may withdraw partial funds or the full amount on the 3-year anniversary.

Key Features
  • Guaranteed investment principal and interest rate
  • Minimum investment of $500
  • 5-year term
  • Interest grows each year
  • Not redeemable before maturity, but with an option to redeem on 3-year anniversary*
  • Automatically renews, with interest, at maturity unless you choose to redeem it
  • Available as non-registered, RRSP, and TFSA
  • Insurable deposits covered by the Deposit Insurance Corporation of Ontario (FSRA)

Did you know?

​Credit union members have better deposit protection than depositors with most other financial institutions.