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Cashable and Redeemable 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

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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

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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

2.000%

12-Month Cashable

2.650%

1-Year Redeemable

2.000%

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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

ONLINE SUPPORT

Not finding what you're looking for?

Let one of Island-based experts help. 

 Chat with an expert online now

Not quite the right term deposit?

 Take me to a term deposit that:

 Provides higher interest but is not redeemable

 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.