Regular Deposit Term Savings

Quick facts

  • Main feature: capital 100% guaranteed
  • Terms: 1 to 5 years
  • Interest rate: determined by term selected and guaranteed until maturity
  • Redemption terms: cashable in full without penalty on the 3rd and 4th anniversary dates of the deposit, under certain conditions
Get this product Becoming a member

Who should get this investment?

Savers who want to accumulate capital by making regular automatic deposits to a term savings account for a predetermined time period. Ideal if you want to put aside money on a regular basis to help you carry out your projects or spread out your RRSP contribution over the entire year.

Features

Interest rate
Guaranteed until maturity.
Eligible for these plans
  • Registered plans: TFSA, RRSP and RDSP.
  • Non-registered plans.
Minimum total deposit at maturity
  • $1,200 for 1-year term.
  • $3,000 for other terms.
Deposit amount and frequency
  • Flexible (minimum based on term selected).
  • Can be changed at any time.
  • Lump sum deposits allowed at any time.
  • Frequency of transfers: weekly, every 2 weeks, twice a month or monthly.
Conversion
May be converted to a downpayment on a house at any time when the mortgage is obtained from your branch.
Other
  • In Ontario, deposits in registered savings plans are insured for their total amount by the Deposit Insurance Corporation of Ontario. Other deposits in Canadian dollars are insured up to $100,000. Find out more about deposit insurance.
  • Eligible for potential member dividends.
  • Savings-Life Insurance available.

How to get this product
By phone By phone
Call 1-888-283-8333
At the branch At the branch
Make an appointment with an advisor at a branch.
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