Wealth

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.

Rates

Short term
30 -59 days0.35%
60 - 89 days0.50%
90 - 179 days0.60%
180 - 269 days0.75%
270 - 364 days0.80%
Long term
1 year0.95%
2 years1.05%
3 years1.15%
4 years1.30%
5 years1.55%

Fees

Transfer out: $100

Variable

  • Non-redeemable, non-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.

Rates

Variable Rate0.30%

Fees

Transfer out: $100
  1. The RESP program is administered by Human Resources and Social Development Canada. Withdrawals are subject to the terms and conditions of the program.
  2. Unless other instructions provided prior to maturity.
  3. Interest on the variable RESP is based on a floating rate.