Redeemable Term Deposit

Interested in a higher rate of return than a standard deposit account? With a redeemable term deposit, you’ll build your investment portfolio with a higher than standard, guaranteed interest rate paired with withdrawal flexibility!

Features

• Guaranteed investment principal and interest rate
• Minimum investment of $500
• 1-year term (365 days)
• Partial or full funds may be redeemed prior to maturity*
• Automatically renews, with interest, at maturity unless you choose to redeem it
• Not available for registered products
• Depositors are protected by the Deposit Insurance Corporation of Ontario (DICO)

*Redeemable on or after 90 days with no interest penalty. No interest is paid if redeemed within 1-89 days of deposit. Interest is calculated daily, non-compounded, and paid at time of redemption or at maturity.