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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


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





180-269 Day



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


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. 


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.

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