What is a business term deposit?
We offer term deposits for our business and ag members looking to earn a guaranteed return on their savings. With flexible term options and competitive rates, term deposits provide a reliable way to protect capital while planning for future investments, operating needs or seasonal expenses.
Whether you’re managing cash flow, setting aside funds for equipment or planning ahead for growth, our term deposits help you save with certainty.
Guaranteed returns.
Lock in a competitive rate and know what you'll earn for the term.
Flexible term options.
Choose redeemable for access, or non-redeemable terms from 1 to 5 years for higher rates.
Built for business and ag.
Protect capital while planning for equipment, seasonal expenses or future growth.
Types of term deposits.
Both options renew automatically and pay interest monthly* or annually to a Conexus deposit account, or compound with the term. Featured rate: 3.00% — 1-year non-redeemable*.
| RedeemableShort supporting line. | Non-redeemableShort supporting line. | |
|---|---|---|
| Term length options | 1-year term | 1-5 year terms available |
| Min. deposit | $1,000/year | $1,000 |
| Automatic renewal? | Yes | Yes |
| Access to funds | Redeemable in full after 90 days without penalty. No interest paid if redeemed within first 90 days. | Access to funds at maturity only. |
| Withdrawals | After 90 days, withdrawals are available. Minimum withdrawal amount is $1,000 and a $1,000 minimum balance must be maintained. | Not available before maturity. |
| Interest paid | Monthly* or annually - to a Conexus deposit account or rollover with the term. | Monthly* or annually - to a Conexus deposit account or compound to the term. |
| Best for | Investors who want flexibility and access to their funds if needed. | Investors who want to earn a higher interest rate and can leave their money for the full term. |
See today's term deposit rates.
Explore current rates and find an option that fits your savings goals, timeline and plans.
Supporting your business beyond savings.
Common questions.
Here’s what people ask us the most.
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Rates vary based on the term length and whether the deposit is redeemable or non-redeemable. Non-redeemable terms generally offer higher rates. Speak with a Conexus Business Advisor to determine the term and rate that best align with your business needs.
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Yes. Eligible term deposits at Conexus are guaranteed by the Credit Union Deposit Guarantee Corporation (CUDGC). Your original investment is protected, and you’ll earn the agreed-upon interest rate for the length of your term. Term deposits are a low-risk option for members looking for predictable returns.
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It depends on the type of term deposit you choose. Redeemable term deposits allow access to your funds after 90 days without penalty. Non-redeemable term deposits are available at maturity only.
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Interest earned by a corporation or sole proprietorship is taxable business income in the year it’s received or accrued, reported to the CRA on your business return. Your accountant can advise how monthly versus annual interest payout affects your reporting.
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Yes. These term deposits are offered to both business and ag members — a practical fit for setting aside proceeds from harvest or livestock sales until the next input season, while earning a guaranteed return.
Still have questions? We're here for you.
Our Business Advisors offer personalized guidance to help you find the right account and banking solutions for your business. Book an appointment to get started today.
