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Rate Option Term Deposit

Lock in at higher interest rates if they rise


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Take advantage of rising rates

In times of rising rates, this popular choice is perfect for investors looking for a guaranteed long-term investment with their option to change to a higher rate.


Choose this term deposit if you:

Want to lock in a longer term

Want the option to lock into a higher rate

Are looking for higher interest

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Guaranteed rates with option to change

You get the security of a guaranteed rate with the peace of mind of being able to lock in to a new rate when rates are rising.


Rate Option Term Deposit Features:

 Term Rate Options — A choice of 2, 3 or 5 year terms

 Non-Redeemable — To ensure you get the best rate, funds are locked in for the duration of the term

​ ​​Option for new rate — Should rates rise, convert to the higher rate once during the term

Our featured rates

3-Year Rate Option


5-Year Rate Option


2-Year Rate Option


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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



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

 Provides higher interest but is not redeemable

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.