Redeemable 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
- Redeemable on the anniversary date under certain conditions
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Interest rate rises each year
It's ideal if you want to earn higher returns or save for a medium-term project.
$1,000
1. For income tax purposes, interest declared annually is based on average return at maturity.
Year | Rate |
---|---|
1st year |
2.80% |
3rd year |
3.00% |
5th year |
3.20% |
Average rate |
3.00% |