Fixed-Term Deposit

• Non-Redeemable, registered.
• Short term: 30-59, 60-89, 90-179, 180-269 or 270-364 days.
• Minimum investment of $500.
• Access to funds at maturity only¹.
• Short term interest is paid at maturity, long term interest is paid annually and at maturity date.
• Automatic reinvestment at current rate².
• No annual contribution limits.
• Federal government grant contributions are available.
• Earn tax sheltered, compound interest at a guaranteed rate.
• Beneficiaries must be Canadian residents and have a valid Social Insurance Number.
• There is a lifetime contribution maximum of $50,000 for each beneficiary.
• Plans must be terminated by the 35th year that the plan was opened.

Fees

Transfer out: $100

Variable

• Non-redeemable, registered.
• No minimum investment.
• Access to funds: fully or partially cashable at any time¹.
• Interest is calculated on the daily closing balance³ and is paid semi-annually on June 30 and December 31.
• No annual contribution limits.
• Federal government grand contributions are available.
• Earn tax sheltered interest.
• Beneficiaries must be Canadian residents and have a valid Social Insurance Number.
• There is a lifetime contribution maximum of $50,000 for each beneficiary.
• Plans must be terminated by the 35th year that the plan was opened.

Fees