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Nonredeemable Term Deposit

Non-Redeemable Term Deposits

Long-term growth with low risk

 

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Higher returns for long-term savings

 
The perfect choice if you are looking to tailor your investment plan with a safe place to invest for longer-term goals like retirement.

 

Choose this term deposit if you:

 

Are looking for a longer-term savings

Do not anticipate needing access to your funds

Want a higher guaranteed interest rate

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NON-REDEEMABLE TERM DEPOSITS

Higher rates for long-term investments

If you want to put money away in a long-term low-risk investment with higher interest rates, a Non-Redeemable Term Deposit is the right choice.

Non-Redeemable Term Deposit Features:

 Short-term options — Many options under 1 year

 Long-term options — Multiple long-term options from 1-5 years

​ Higher interest rates — With this term deposit, the longer the term, the higher the interest

​ Non-Redeemable — With this term deposit, funds are not accessible during the life of the term

​ Save on taxes — This term deposit is eligible for RRSP, TFSA, RESP, RDSP, RRIF

 

Our featured rates

5-Year
Non-Redeemable

3.200%

18-Month
Non-Redeemable

3.400%

180-269 Day
Non-Redeemable

2.250%

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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

 
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TERM DEPOSIT LADDERING

The importance of term deposit laddering

Is your term deposit strategy working for you? It can be hard to decide between getting the best rates from a long-term investment and keeping easy access to your savings for life’s ups and downs. Laddering your term deposits is a great way to get the best of both worlds. 

 

ONLINE SUPPORT

Not finding what you're looking for?

Let one of Island-based experts help. 

 Talk to a representative online now

Not quite the right term deposit?

 Take me to a term deposit that:

 Is redeemable during the term

 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.