Climbing-Rate Term Savings

Get this product - Climbing-Rate Term Savings

Multiple interest rates = higher returns!

  • Capital 100% guaranteed
  • 3- and 5-year terms
  • Average interest rate: 0.60% to 0.85% for the Climbing-Rate Term Savings (rate increases from year to year, guaranteed until maturity)

Is this investment right for you?

It's ideal if you want to earn higher returns, invest in an RRSP or save for a medium-term project.

Features

Interest rate

Guaranteed until maturity

See current rates

Eligible plans

  • Registered plans: TFSA, RRSP, FTA1, LIRA, locked-in RRSP, RRIF, LIF and RDSP
  • Non-registered plans

Minimum deposit

$1,000

Return

  • High
  • Interest paid annually or at maturity2

Redemption

  • RRSP, FTA, LIRA, locked-in RRSP, RRIF, and LIF: 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, TFSA and RDSP:
    • 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.

Renewal

  • On your own on AccèsD.
  • Through an AccèsD Services advisor :
    • Montreal area: 514-CAISSES (514-224-7737), options 2 and 4.
    • Elsewhere in Canada and the U.S.: 1-800-CAISSES (1-800-224-7737), options 2 and 4.
  • At the caisse.

Other

1. Not available in Ontario.

2. For income tax purposes, interest declared annually is based on average return at maturity.

Advantages

  • 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-registered accounts
    • Ideal when interest rates are rising
  • Stable and secure: your capital and interest are guaranteed

Rate subject to change without notice.