U.S. Term Deposits

What is the U.S. term deposit? 

U.S. Fund Term Deposits are secure investments that allow you to earn interest on your U.S. dollar funds at a guaranteed rate. Your initial investment is also guaranteed with a U.S. Fund Term Deposit, so you can enjoy peace of mind while watching your earnings grow.

Investments are available in one to five-year term lengths, with longer terms generally offering higher rates of return. A minimum yearly investment of $1,000 is required, and all investments must be purchased in U.S. funds. To view the current U.S. Fund Term Deposit rates, click here.


What can I use it for?

U.S. Fund Term Deposits can be used to add U.S. currency to your investment strategy at a guaranteed rate. They are a great way to protect your U.S. funds from exchange rate fluctuations. These investments are ideal for people who spend a lot of time in the U.S. and want access to American funds (such as snowbirds).

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Why invest in US Term Deposits?

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Low-risk investment

U.S. Funds Term Deposits offer fixed interest rates, and your initial investment is guaranteed.

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Protection from exchange rate fluctuation

Since you don’t have to convert your U.S. funds, you’re protected from fluctuating exchange rates.

 

Potential to earn higher interest  

U.S. Funds Term Deposits have the potential to earn a higher interest rate than a U.S. dollar chequing account. Generally, the longer the term length, the higher rate of interest you’ll receive!

Is this right for you?

Right for you if you: 

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

  • You want predictable returns. U.S. Fund Term Deposits offer a fixed interest rate, so investors can count on predictable returns.

  • You’re looking for an affordable investment option. Minimum investments for U.S. Fund Term Deposits are relatively affordable, making them 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 limited to the locked-in rate.

  • You want to access your funds at any time. U.S. Fund Term Deposits are non-redeemable, meaning funds are not 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 those with long-term investment plans.

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

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Disclaimer

Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc. Online brokerage services are offered through Qtrade Direct Investing, a division of Credential Qtrade Securities Inc. Qtrade and Qtrade Direct Investing are trade names and/or trademarks of Aviso Wealth Inc. The information contained on this webpage was obtained from sources believed to be reliable; however, we cannot guarantee that it is accurate or complete. This information is provided as a general source of information and should not be considered personal investment advice or a solicitation to buy or sell any mutual funds and other securities.

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