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You are here: Home > Business > Investment > Guaranteed fixed-rate investments > Climbing-Rate Term Savings
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Climbing-Rate Term Savings
Interest rate rises each year
- Capital 100% guaranteed
- 3- and 5-year terms
- Interest rate increases from year to year, guaranteed until maturity
It's ideal if you want to earn higher returns or save for a medium-term project.
Interest rate
- Increases from year to year
- Guaranteed until maturity
Minimum deposit
$1,000
Return
- non-convertible but redeemable: on the anniversary date, you can redeem all or a portion with no penalty (partial withdrawal of at least $1,000 if you maintain a balance of $1,000)
- non-redeemable and non-convertible: offered at a higher rate
Other
- Learn more about deposit insurance (FAQ).
- Entitles you to any member dividends your caisse may pay.
1. Depending on available options (redeemable or convertible).
2. For income tax purposes, interest declared annually is based on average return at maturity.
- Competitive: because the interest rate increases annually, you earn higher average returns
- Flexible:
- You can cash in your savings or reinvest them
- You can redeem all or part of your investment at anniversary dates for non-convertible but redeemable products
- Ideal when interest rates are rising
- Stable and secure: your capital and interest are guaranteed
Useful links
| Year | Rate |
|---|---|
1st year |
0.80% |
3rd year |
1.25% |
5th year |
2.80% |
Average rate |
1.538% |