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Redeemable Savings

Grow your money and access it anytime with this short-term investment.

Interest rate

2.25%

Terms available

1 year

Redeemability

Fully or partially redeemable

Why choose Redeemable Term Savings?

Guaranteed principal and interest

Your investment is guaranteed and earns interest at a fixed rate.

Competitive interest rates

Get a competitive rate for your term savings.

Redeemable anytime with no penalty

You can cash out all or part of your investment whenever you need it.

Redeemable term savings interest rates

Effective

Term Interest rate
1 year 2.25%

Prefer a medium-term investment?

With Redeemable Climbing-Rate Term Savings, you get an increasing rate each year over a 3- or 5-year term. You can also redeem your funds once a year on the anniversary date.

Eligible savings plans and accounts

Plan or account Minimum investment
TFSA, RRSP, fixed-term annuity RRSP, locked-in RRSP, RRIF, LIRA, LIF and RDSP $1,000
Non-registered $1,000

More information

FAQ

Other term savings options

Rates subject to change without notice.