Term Savings
Invest in Term Savings and choose from multiple term options with competitive rates.
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Interest rate
1.70% to 4.00%
Terms available
30 days to 10 years
Redeemability
Non-redeemable
Why choose Term Savings?
Guaranteed principal and interest
The money you invest is guaranteed and earns interest at a fixed rate.
Competitive interest rates
Get a competitive rate for your investment, depending on the term length you choose.
Tax benefits
You can hold your term savings in several registered savings plans.
Term Savings interest rates
Effective
Most common term lengths
| Term | Interest rate |
|---|---|
| 1 year | 4.65% |
| 3 years | 4.00% |
| 5 years | 4.00% |
Fixed rate – Less than 1 year
| Term | Interest rate |
|---|---|
| 30 to 59 days | 1.70% |
| 60 to 89 days | 1.70% |
| 90 to 119 days | 1.90% |
| 120 to 179 days | 1.90% |
| 180 to 269 days | 2.50% |
| 270 to 364 days | 2.75% |
Fixed rate – 1 to 10 years
| Term | Interest rate |
|---|---|
| 1 year | 4.65% |
| 2 years | 4.25% |
| 3 years | 4.00% |
| 4 years | 4.00% |
| 5 years | 4.00% |
| 6 years | 4.00% |
| 7 years | 4.00% |
| 8 years | 4.00% |
| 9 years | 4.00% |
| 10 years | 4.00% |
Eligible savings plans and accounts
| Plan or account | Minimum investment – Less than 1 year | Minimum investment – 1 to 10 years |
|---|---|---|
| TFSA, RRSP, locked-in RRSP, fixed-term annuity RRSP, RRIF, LIRA and LIF | $5,000 | $500 |
| Non-registered | $5,000 | $1,000 |
Renew your term savings on AccèsD
If your term savings investment is eligible for renewal, you can renew it on AccèsD 60 days before maturity.
More information
Deposit insurance coverage
Your investment is eligible for deposit insurance, up to a certain limit.
Eligible for member dividends
Term savings are included when calculating your member dividends, if your caisse or credit union pays them.