Term Deposits

What is it?

A term deposit investment provides a secure way to grow your money, while ensuring your initial investment is guaranteed. As the name suggests, when you invest in a term deposit, you’re choosing to leave your money with a financial institution for a certain length of time. Conexus offers flexible term lengths, ranging from one to five years, with longer-term lengths generally earning a higher rate of interest.

What can I use it for?

Term deposits can be used as an investment product within investment accounts, such as Registered Retirement Savings Plans (RRSPs), and Tax-Free Savings Accounts (TFSAs). They can also be held in non-registered investment accounts, however any interest earned in a non-registered account is subject to taxation in the year it’s received.

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Why invest in Term Deposits?

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Safety and Stability

Term deposits are considered a low-risk investment, as they provide a fixed interest rate while ensuring your initial investment is guaranteed.

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Predictable returns

Since interest rates are fixed based on the length of term you choose, investors enjoy peace of mind when saving for a specific goal or during times of market uncertainty.

Affordable Minimum Deposit

Term deposits can be started with as little as $51 up front and, depending on the length of term you choose, may only require a $500 minimum yearly investment.

Types of Term Deposits




Easy Start

Term length options 

1-year term 

1, 2, 3, 4, and 5-year terms available

1-year term

Min deposit 




Automatic renewal? 





Redeemable in full after 90 days without penalty. No interest paid if redeemed within first 90 days. 

Access to funds at maturity only.

Access to funds at maturity only.


Withdrawals can be made at any time after 90 days. Minimum withdrawal amount is $1,000 and a $1,000 minimum balance must be maintained.



Interest paid 

Interest paid monthly* or annually. Can be paid to a Conexus deposit account or rollover with the term.

Interest paid monthly* or annually. Can be paid to a Conexus deposit account or compound to the term. 

Interest paid at maturity only.


To view current term rates, click here.

Best for 

Investors who want access to funds when you need them.

Investors who want to earn a higher interest rate. 

Investors with short-term investment goals. 

Is this right for you?

Right for you if you: 

  • You’re a risk-averse investor. Since your initial investment is guaranteed, term deposits are considered low-risk investments. This makes them a great choice for more cautious investors.

  • You want predictable returns. Term deposits offer a fixed interest rate, so investors can count on predictable returns.

  • You’re looking for an affordable investment option. Minimum deposits are relatively affordable, making term deposits an attractive option for cost-conscious investors.

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May not be right for you if you:

  • Your risk tolerance is high. While term deposits offer security, their fixed interest rate means returns will be more limited.

  • You want to access your funds at any time. Depending on the type of term deposit you select, funds may not be accessible until maturity.

  • You have long-term investment goals. Since term deposits mature relatively quickly (between one to five years), they may not be the best choice for long-term investment planning. 

Have questions? That’s what we’re here for!

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Give us a call

Have questions about which investment option is most suitable for you?

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Schedule an appointment

Want to learn more about investing? Book an appointment with one of our advisors.

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Mutual funds, other securities and securities related financial planning services are offered through Aviso Wealth, a division of Aviso Financial Inc. Online brokerage services are offered through Qtrade Direct Investing, a division of Aviso Financial Inc. Qtrade and Qtrade Direct Investing are trade names and/or trademarks of Aviso Wealth Inc. and its subsidiaries.

Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated.

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