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Nonredeemable Term Deposit

Non-Redeemable Term Deposits

Long-term growth with low risk

 

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    Higher returns for long-term savings

     
    The perfect choice if you are looking to tailor your investment plan with a safe place to invest for longer-term goals like retirement.

     

    Choose this term deposit if you:

     

    Are looking for a longer-term savings

    Do not anticipate needing access to your funds

    Want a higher guaranteed interest rate

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    NON-REDEEMABLE TERM DEPOSITS

    Higher rates for long-term investments

    If you want to put money away in a long-term low-risk investment with higher interest rates, a Non-Redeemable Term Deposit is the right choice.

    Non-Redeemable Term Deposit Features:

     Short-term options — Many options under 1 year

     Long-term options — Multiple long-term options from 1-5 years

    ​ Higher interest rates — With this term deposit, the longer the term, the higher the interest

    ​ Non-Redeemable — With this term deposit, funds are not accessible during the life of the term

    ​ Save on taxes — This term deposit is eligible for RRSP, TFSA, RESP, RDSP, RRIF

     

    Our featured rates

    5-Year
    Non-Redeemable

    3.100%

    18-Month
    Non-Redeemable

    2.950%

    180-269 Day
    Non-Redeemable

    2.250%

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    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

     
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    TERM DEPOSIT LADDERING

    The importance of term deposit laddering

    Is your term deposit strategy working for you? It can be hard to decide between getting the best rates from a long-term investment and keeping easy access to your savings for life’s ups and downs. Laddering your term deposits is a great way to get the best of both worlds. 

     

    ONLINE SUPPORT

    Not finding what you're looking for?

    Let one of Island-based experts help. 

     Talk to a representative online now

    Not quite the right term deposit?

     Take me to a term deposit that:

     Is redeemable during the term

     Has a rate increase every year

     Locks into a rate with an option to increase

    Products, features and rates are subject to change without notice. All rates are quoted per annum, unless otherwise noted.

    In the event of a discrepancy between the rates posted on this website and the official rates posted in our branches, the latter shall prevail.