Growing Rate Term Deposit

A Growing Rate Term Deposit provides the security of knowing you will get your investment back at the end of the term, plus interest earned at a rate that increases each year for the length of the term. This provides you with a steady return over time at rates that are competitive or higher than other financial institutions.

Features of a Growing Rate Term Deposit:     daniel-hjalmarsson-269425

  • Guaranteed investment principal
  • Minimum investment of $500
  • 5-year terms
  • Rates increase each year
  • Automatically renews, with interest, at
    maturity unless you choose to redeem it
  • Not redeemable before maturity, but with an
    option to redeem on 3-year anniversary
  • Depositors are 100% protected by the Deposit
    Insurance Corporation of Ontario (DICO)

Terms and Conditions:

  • 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
  • Members have the option of interest being paid annually or compounded annually and paid at maturity 


Growing Rate Term Deposit
1 year 2.25%
2 years 2.50%
3 years 2.75%
4 years 3.00%
5 years 4.50%
Effective Yield 3.00%

Click here for the Growing Rate Term Deposit Info Sheet.


If you would like more information or are ready to invest in a Growing Rate Term Deposit, please contact us today!


Call or visit our Main Branch and speak with one of our Wealth Advisers.
Tel: 416 255 1742 | E-mail: