PersonalInvesting & RetirementTerm DepositsRate Option Term Deposits

Take advantage of rising rates

In times of rising rates, this popular choice is perfect for investors looking for a guaranteed long-term investment with their option to change to a higher rate.

Choose this term deposit if you:

Want to lock in a longer term

Want the option to lock into a higher rate

Are looking for higher interest

RATE OPTION TERM DEPOSIT

Guaranteed rates with option to change

You get the security of a guaranteed rate with the peace of mind of being able to lock in to a new rate when rates are rising.

Rate Option Term Deposit Features:
  • Term Rate Options — A choice of 2, 3 or 5 year terms
  • Non-Redeemable — To ensure you get the best rate, funds are locked in for the duration of the term
  • ​​​Option for new rate — Should rates rise, convert to the higher rate once during the term

3-Year Rate Option

2.80%

Description

5-Year Rate Option

2.75%

Description

2-Year Rate Option

2.80%

Description

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

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Let one of Island-based experts help. 

More options

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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.

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