Term deposits





Term deposits

    

     

Whether you prefer flexibility, security, or both, we have the term deposit for you.

Short-term & long term deposits
Big Dipper Term Deposit
Redeem-A-Term
Elevator Term Deposit
Early Riser Term Deposit
Rapid Riser Escalator Term Deposit
Index Linked Term Deposit

​​ 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)

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  • Redeemable terms withdrawn prior to maturity are paid interest at our prevailing Plan 24 rate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 deposit: $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.

  • 18 and 36 month terms
  • Redeemable*
  • Registered and non-registered
  • Minimum deposit: $500 ($100 for Junior members)

View rates ​​

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)

View rates ​​

Details

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)

View rates ​​

Details

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)

View rates ​​

Details

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

View rates ​​

Details

Return = ((Average Value - Starting Value) ÷ Starting Value) x Participation Rate


Current three-year Index Linked Term Deposit returns

View rates ​​

Current five-year Index Linked Term Deposit returns

View rates ​​

​Can't find what you're looking for?

Let us help you. It's what we do.

Contact us

​Become a member.

Experience the benefits of being part of a Community Savings and supporting your community.

Join us

Can't find what you're​looking for?

Let us help you. It's what we do.

Contact us

Become a member.

Experience the benefits of being part of Community Savings and supporting your community.

Join us