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Climbing-Rate Term Savings

Who should get this investment?

Savers who want their capital to grow and earn high returns. Ideal if you want to invest in your RRSP or save for a medium-term project.

Features

Interest rate	Increases from year to year. Guaranteed until maturity. See current rates
Minimum deposit	$1,000
Returns	High. Interest paid annually or at maturity2.
Eligible for these plans	Registered plans: TFSA, RRSP, FTA, LIRA, locked-in RRSP, RRIF, LIF and RDSP. Non-registered plans.
Redemption terms	Registered plans (other than the TFSA): convertible and non-redeemable. On the deposit anniversary date, you can convert all or part of your savings to a non-redeemable term savings or a fund available at your caisse. Non-registered plans and TFSA: Non-convertible but redeemable: on the anniversary date, you can redeem all or part of your savings without penalty. Partial withdrawal of at least $1,000 of your savings if you maintain a minimum balance of $1,000. Non-redeemable and non-convertible: offered at a higher rate.
Other	Deposits insured up to $100,000 per person per caisse. In Ontario, Canadian dollar deposits are insured up to $100,000 by the Deposit Insurance Corporation of Ontario. Find out more about deposit insurance (FAQ). Eligible for potential member dividends. Find out more about member dividends.

	Online (Members who use AccèsD)	Log on to AccèsD
	By phone (Members)	Montreal area: 514-CAISSES (514-224-7737) Elsewhere in Canada and the U.S.: 1-800-CAISSES (1-800-224-7737)
	At the caisse	Make an appointment with a caisse advisor: online by phone

1. Depending on type of plan (registered or non-registered) and available options (redeemable or convertible).
2. For income tax purposes, interest declared annually is based on average return at maturity.