Flexible, secure savings solutions to meet your needs

Achieve your savings goals faster with zero risk

Save for your goals, get extra features

Stress-free ⁠savings power — Your investment will have guaranteed interest rates 


Stress-free savings power

Your investment will have guaranteed interest rates


Zero Risk, all the reward

Deposits are 100% guaranteed* for worry-free saving


Customizable for your goals

A variety of terms & options to suit short & long-term needs


More time earns you a higher rate

The longer you save, the better your rate


Registered product eligible

Your term deposit can be part of a registered plan


Support your neighbours

Local deposits turn into loans for Island residents & businesses

Term deposit options

Whether you're saving for a major purchase or building your retirement nest egg, we have the right term deposit option for you.


Escalating rate, added flexibility

The Rate Climber term deposit is perfect if you're looking for a longer term investment that rewards you with more interest every year.

Key features:

 Rate increases each and every year

 3 or 5 year terms

​ The longer the term, the more you earn

Fully or partially cashable on each anniversary


The flexibility you need for your short-term goals

If you want an easily accessible and flexible place to build your savings, a Cashable or Redeemable term deposit is a great choice.

Key features:

 Cashable term deposits can give you access to your funds at any time

 Redeemable term deposits give you access to your funds at any time

​ Terms from 30 days to 5 years


Lock in to enjoy higher rates

If you don't need ready access to your money, a longer term non-redeemable term deposit helps maximize your return.

Key features:

 Lock into a set term from 30 days to 5 years and receive higher rates than redeemable options

 The longer the term, the higher the rate


Take advantage of rising rates

This popular option gives you the security of a locked-in rate and the flexibility to change to a new rate when rates are rising. 

Key features:

 2, 3, or 5 year terms

 If rates rise, you have the option to convert to the new interest rate once during the term


Lock in rates with the ability to convert anytime

If you need a short-term and flexible place to park your funds, the 90-Day Convertible Term Deposit is a great option.

Key features:

 Perfect for parking money temporarily

 Convertible to another term deposit at any time


Save and earn in US dollars

If you have US dollars, earn interest on your money until you're ready to use or convert it. 

Key features:

 Save and earn interest without converting your US funds

 Lock into a set term from 30 days to 5 years

​ The longer the term, the higher the rate


How to open a term deposit in minutes

If you have five minutes, you can open one of our more popular term deposits online and start earning interest right away. Here are all the steps:

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