Climbing-Rate Term Savings

Quick facts

  • Main feature: capital 100% guaranteed
  • Terms: 3 or 5 years
  • Average interest rate: 2.01% to 2.71%1 for the Climbing-Rate Term Savings – Retirement savings (rate increases from year to year, guaranteed until maturity)
    View other interest rates
Get this product 10 reasons to choose Desjardins

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 and LIF.
Non-registered plans.
Withdrawal
  • Registered plan (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 plan 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.

Calculate

How much will your investment be worth at maturity?

How to get this product
Online Online
(Members)
AccèsD Internet users:
  • Log on to AccèsD
  • Follow the instructions on the next page.

AccèsD Internet non-users: fill out the form
Guaranteed 100% Secure
By phone By phone
(Members)
Montreal area: 514-522-2373
Elsewhere in Canada and the U.S.: 1-800-CAISSES (1-800-224-7737)
At the caisse At the caisse
Make an appointment with a caisse advisor:

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.

Interest rates

Climbing-Rate Term Savings, Non-redeemable (non-registered and TFSA) – 5-year
As of November 22, 2009
Year
Rate
1st year
0.55%
3rd year
2.20%
5th year
6.00%
Average rate
2.713%
Other Climbing-Rate Term Savings

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