Term Deposits

Whether you prefer flexibility, security, or both, we have the term deposit for you.


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Short-Term & Long-Term Deposits

Terms from 30 days to 5 years

A safe and flexible way to invest in the future, with guaranteed, competitive rates for the length of the term.


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Details


  • Redeemable and non-redeemable

  • Registered and non-registered

  • Minimum $500 investment ($100 for Junior Members)

  • Redeemable terms withdrawn prior to maturity are paid interest at our prevailing Plan24 rate
  • Short-term deposits

  • Range from 30 -364 days

  • Attract higher interest rates than demand savings account

  • Only available as a non-redeemable product
  • Long-term deposits

  • Range from 1 – 5 years

  • Lock in better-than-average rates for fixed periods

  • Pay interest at maturity, annually or monthly


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Big Dipper Term Deposit

flexible 12-month terms

The freedom to partially redeem your investment whenever you need to, without rewriting your term or losing your guaranteed rate.


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Details


  • Partially or fully redeemable after 30 days

  • Minimum investment: $500 ($100 for Junior Members)

  • Fully or partially redeemable after 30 days

  • Withdraw a minimum of $1,000

  • Maintain a $1,000 minimum balance

  • 1 withdrawal per calendar quarter

  • Deposits are 100% guaranteed*


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Redeem-A-Term

Available 12, 18, and 36-month terms

Flexibility and a high rate of return that increases the longer your funds stay in the term deposit.


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Details


  • Interest is paid annually and at maturity. Choose to have funds automatically roll over or transfer to a deposit account

  • 12 and 18-month terms are redeemable after 30 days*

  • 36-month term is redeemable at any point in the term’s life, and earns a higher rate of interest the longer it remains invested

  • Deposits are 100% guaranteed*


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Elevator Term Deposit

5-year terms

A guaranteed high rate of return with the flexibility to re-negotiate and increase your rate annually.


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Details


  • Rewritable and redeemable on anniversary

  • Retro-rate increases

  • Redeem on each anniversary with a 3% penalty

  • Available as both a registered and non-registered product

  • Deposits are 100% guaranteed*
  • Retro-Rate

  • To maximize the return on your investment, each year has a guaranteed rate which is paid retroactively.

  • On the anniversary, the interest is calculated, compounded, and paid

  • An additional Retro-Rate payment is calculated to increase the interest earned in the previous years of the term

  • Since each of the 5 years has a higher rate than the previous year’s rate, the longer you hold the term, the higher the interest
  • Rate Bumping

  • Protect your current rate of return, while having the flexibility of bumping up your term deposits to a higher interest rate in the future.On your term deposit’s anniversary, you can rewrite your investment to a locked-in term of 1 year or more, with no penalty


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Early Riser Term Deposit

4-year locked-in terms

With a guaranteed long-term rate and the flexibility to re-write annually, your rate increases each year.


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Details


  • Rewritable on anniversary without penalty

  • Redeemable in the first 30 days

  • Minimum deposit: $500 ($100 for Junior members)

  • Redeemable for the first 30 days with no interest

  • Non-redeemable after 30 days

  • Also available as a registered product

  • Deposits are 100% guaranteed*
  • Increasing Rate:

  • On the anniversary, the interest is calculated and compounded or paid into a deposit account. The longer you hold the term, the higher the interest.
  • Rate Bumping

  • Protect your current rate, and maintain the freedom to bump up your term deposits to a higher rate in the future. On your term deposit’s anniversary, you can rewrite your investment into a non-redeemable term of equal or greater length than the time remaining on the original term deposit, with no penalty.


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Rapid Riser Escalator Term Deposit

18-month term

An 18-month, redeemable term deposit with rate flexibility, and the security of earning an attractive rate when held to maturity.


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Details


  • Rate increases every 6 months

  • Redeemable after 12 months

  • Convertible on the 6-month anniversary date

  • Minimum investment: $500 ($100 for Junior members)


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Marketsafe Term Deposit

Flexibility of 3 or 5-year terms

Unlimited earning potential with zero risk to your principal investment. Unlike other term deposits, your return is linked to the stock market instead of a guaranteed rate.


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Details


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