Term deposits
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 deposit ($100 for Junior members)
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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- Redeemable terms withdrawn prior to maturity are paid interest at our prevailing Plan 24 rate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 deposit: $500 ($100 for Junior members)
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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.
- 18 and 36 month terms
- Redeemable*
- Registered and non-registered
- Minimum deposit: $500 ($100 for Junior members)
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Details
- Interest is paid annually and at maturity. Choose to have funds automatically roll over or transfer to a deposit account
- 18-month term is 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
- Also available as a registered product
- Deposits are 100% guaranteed*
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 deposit: $500 ($100 for Junior members)
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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
Early Riser Term Deposit
With a guaranteed long-term rate and the flexibility to re-write annually, your rate increases each year.
- 4-year locked-in terms
- Rewritable on anniversary without penalty
- Redeemable in the first 30 days
- Minimum deposit: $500 ($100 for Junior members)
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Details
- Redeemable for the first 30 days with no interest
- Non-redeemable after 30 days
- Also available as a registered product
- Deposits are 100% guaranteed*
Increasing Rate: On the anniversary, the interest is calculated and compounded or paid into a deposit account. The longer you hold the term, the higher the interest.
Rate Bumping: Protect your current rate, and maintain the freedom to bump up your term deposits to a higher rate in the future. On your term deposit's anniversary, you can rewrite your investment into a non-redeemable term of equal or greater length than the time remaining on the original term deposit, with no penalty.
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 deposit: $500 ($100 for Junior members)
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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.
Index Linked 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.
- Principal is 100% guaranteed
- No fees
- Unlimited potential
- Flexibility of 3- or 5-year terms
- RRSP and TFSA eligible or invest in an unregistered GIC
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Details
- Non-Redeemable
- Also available as a registered RSP or TFSA product
- Deposits are 100% guaranteed*
Return = ((Average Value - Starting Value) ÷ Starting Value) x Participation Rate
Current three-year Index Linked Term Deposit returns
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Current five-year Index Linked Term Deposit returns
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Can't find what you'relooking for?
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.