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
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