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 

 

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: main@moyafinancial.ca