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.

Ready to start investing? Call or visit our Main Branch and ask to speak with one of our Wealth Advisors.