Term deposits
Short-term & long-term deposits
A safe and flexible way to invest in the future, with guaranteed, competitive rates for the length of the term.
- Terms from 30 days to 5-years
- Redeemable and non-redeemable
- Registered and non-registered
- Minimum $500 investment ($100 for Junior members)
View rates 
Details
- Redeemable terms withdrawn prior to maturity are paid interest at our prevailing Plan 24 rate
- Available as a registered product
- Deposits are 100% guaranteed*
Short term deposits:
- Range from 30 to 364 days
- Attract higher interest rates than demand savings accounts
- Only available as a non-redeemable product
Long-term deposits:
- Range from 1 to 5 years
- Lock in better-than-average rates for fixed periods
- Pay interest at maturity, annually or monthly
Big Dipper Term Deposit
The freedom to partially redeem your investment whenever you need to, without rewriting your term or losing your guaranteed rate.
- 12-month terms
- Partially or fully redeemable after 30 days
- Minimum investment : $500 ($100 for Junior members)
View rates
Details
- Interest is paid at maturity. Choose to have funds automatically roll over or transfer to a deposit account
- Fully or partially redeemable after 30 days
- Withdraw a minimum of $1,000
- Maintain a $1,000 minimum balance
- 1 withdrawal per calendar quarter
- Also available as a registered product
- Deposits are 100% guaranteed*
Redeem-A-Term
Flexibility and a high rate of return that increases the longer your funds stay in the term deposit.
- Available in 12, 18, and 36-month terms
- Redeemable*
- Registered and non-registered
- Minimum investment : $500
View rates
Details
- Interest is paid annually and at maturity. Choose to have funds automatically roll over or transfer to a deposit account
- 12 and 18-month terms are redeemable after 30 days*
- 36-month term is redeemable at any point in the term's life, and earns a higher rate of interest the longer it remains invested
- Deposits are 100% guaranteed*
*Redeemable first 30 days with no interest. For early withdrawal, reduced interest rates applies.
Elevator Term Deposit
A guaranteed high rate of return with the flexibility to re-negotiate and increase your rate annually.
- 5-year terms
- Rewritable and redeemable on anniversary
- Retro-rate increases
- Minimum investment : $500 ($100 for Junior members)
View rates
Details
- Redeem on each anniversary with a 3% penalty
- Available as both a registered and non-registered product
- Deposits are 100% guaranteed*
Retro-Rate: To maximize the return on your investment, each year has a guaranteed rate which is paid retroactively.
- On the anniversary, the interest is calculated, compounded, and paid
- An additional Retro-Rate payment is calculated to increase the interest earned in the previous years of the term
- Since each of the 5 years has a higher rate than the previous year's rate, the longer you hold the term, the higher the interest
Rate Bumping: Protect your current rate of return, while having the flexibility of bumping up your term deposits to a higher interest rate in the future.On your term deposit's anniversary, you can rewrite your investment to a locked-in term of 1 year or more, with no penalty
3 Year Step
A flexible term deposit with the security of earning an attractive rate when held to maturity.
- Rate increases every 12 months
- Rewritable on anniversary without penalty*
- Redeemable in the first 30 days
- Minimum investment : $500
View rates
Details
- Redeemable within the first 30 days*
- Registered and non-registered
- Deposits are 100% guaranteed*
*Terms and conditions apply.
Rapid Riser Escalator Term Deposit
An 18-month, redeemable term deposit with rate flexibility, and the security of earning an attractive rate when held to maturity.
- 18-month term
- Rate increases every 6 months
- Redeemable after 12 months
- Convertible on the 6-month anniversary date
- Minimum investment : $500 ($100 for Junior members)
View rates
Details
- Redeemable after 12 months with no penalty
- Available as both a registered and non-registered product
- Deposits are 100% guaranteed*
Flexible Term: An 18-month term lets you earn competitive interest without locking away funds.
Escalating Rate: Rates rise every 6 months, and the interest rate is compounded annually.
MarketSafe Term Deposit
Unlimited earning potential with zero risk to your principal investment. Unlike other term deposits, your return is linked to the stock market instead of a guaranteed rate.
An attractive option if you are looking to earn higher potential returns from the stock market without risking your principal investment. MarketSafe is unlike other term deposits, as potential returns are calculated based on the performance of the S&P/TSX 60 stock market index instead of a guaranteed rate.
- Principal is 100% guaranteed
- No fees
- Unlimited potential
- Flexibility of 3 or 5-year terms
- RRSP and TFSA eligible or invest in an unregistered account
Details
- Minimum investment of $1000
- Non-Redeemable
- Deposits are 100% guaranteed*
Track the performance of our MarketSafe Term deposits
MarketSafe Term Deposit 3 year performance
MarketSafe Term Deposit 5 year performance
Return = ((Average Value - Starting Value) ÷ Starting Value) x Participation Rate
Get started on a term deposit.
Let us help you. It's what we do.
Become a member.
Experience the benefits of being part of Community Savings and supporting your community.