Cashable & Redeemable Term Deposits
Guaranteed rates with maximum flexibility
Guaranteed rates with easy access to your money
These investments are the perfect choice when you have a short-term savings goal but want the flexibility to cash out if needed.
Choose Cashable and Redeemable term deposits if you:
Feel you may need access to the funds in the future
Want to receive higher interest than a savings account
Anticipate that rates will rise in the near future

CASHABLE TERM DEPOSIT
Guaranteed rates with maximum flexibility
This 12 month term deposit is the perfect choice if you’re not sure of your long-term goals. You get a guaranteed rate along with easy access to your money.
Cashable Term Deposit:
- Convenient access — Your money is easily and quickly redeemable any time after 30 days
- No penalty — You have the flexibility to cash out your funds early without penalty
- Save on taxes — This term deposit is eligible for RRSP, TFSA, RESP and RRIF

REDEEMABLE TERM DEPOSIT
Guaranteed rates with early redemption options
If you’re not sure what to do with your money and need flexibility, this choice offers a guaranteed rate of return and specified early redemption rates.
Redeemable Term Deposits Features:
- Convenient access — Your money is easily and quickly redeemable after 30 days
- Save on taxes — This term deposit is eligible for RRSP, TFSA, RESP, RDSP and RRIF
Our featured rates
18-Month Redeemable
12-Month Cashable
1-Year Redeemable

OPENING A TERM DEPOSIT
Talk to an advisor to get the right term deposit
Term deposits are a great investment tool. We’ll help you determine what term deposit fits your savings goals, including:
- Saving for a short-term or longer term goal
- Needing access to the funds
- Getting the best rate available
ONLINE SUPPORT
Not finding what you’re looking for?
Let one of Island-based experts help.
More options
Not quite the right term deposit?
Take me to a term deposit that:
Legal:
Products, features, are subject to change without notice. All rates are quoted per annum, unless otherwise notes.
In the event of a discrepancy between the rates posted on this website and the official rates posted in our branches, that latter shall prevail.
