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Redeemable Term Deposit Cashable Term Deposit

​Cashable & Redeemable Term Deposits

Guaranteed rates with maximum flexibility

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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

0.550%

12-Month Cashable

0.500%

1-Year Redeemable

0.500%

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. 

 Chat with an expert online now

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.

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