Diversified Term Savings
A simple way to ladder your maturities
- Capital 100% guaranteed, divided into equal portions
- 3 portions: terms of 1 to 3 years
- 4 portions: terms of 1 to 4 years
- 5 portions: terms of 1 to 5 years
- 1 portion of your investment matures each year
- Each portion earns interest at a different rate:
- Fixed rate, guaranteed until maturity
- Interest is paid at your choice of frequency
It's ideal if you:
- stagger your maturities and earn returns over longer terms
- require cash on an annual basis, because a portion of your invested capital matures each year
Interest rate
- Fixed
- Guaranteed until maturity
- Interest is paid at your choice of frequency
Minimum deposit
$1,000 per portion
Return
High return on savings
Full or partial-redemption
- Withdrawal of portions in whole or in part permitted
- Additional investment permitted on renewal of a portion, in that portion only
Other
- Maturities are laddered to take advantage of changing interest rates
- Deposit insurance: Learn more about deposit insurance
- Savings-life insurance available
- Eligible for potential member dividends (RDSP ineligible):
Learn more about member dividends
1. Not available in Ontario.
- Stable and secure: your capital and interest are guaranteed
- Simple:
- reduces risk by diversifying your maturities
- a portion of the investment matures each year and you don't have to keep track of it
- Flexible: you can cash in a portion or add to it when it comes up for renewal
- Returns: can be higher, because the investment is based on long-term rates
Rate subject to change without notice.
