Term Deposits
Whether you prefer flexibility, security, or both, we have the term deposit for you.
Featured products
Short-Term & Long-Term Deposits
Terms from 30 days to 5 years
A safe and flexible way to invest in the future, with guaranteed, competitive rates for the length of the term.
- Redeemable and non-redeemable
- Registered and non-registered
- Minimum $500 investment ($100 for Junior Members)
- Redeemable terms withdrawn prior to maturity are paid interest at our prevailing Plan24 rate
- Short-term deposits
- Range from 30 -364 days
- Attract higher interest rates than demand savings account
- Only available as a non-redeemable product
- Long-term deposits
- Range from 1 - 5 years
- Lock in better-than-average rates for fixed periods
- Pay interest at maturity, annually or monthly
Big Dipper Term Deposit
flexible 12-month terms
The freedom to partially redeem your investment whenever you need to, without rewriting your term or losing your guaranteed rate.
- Partially or fully redeemable after 30 days
- Minimum investment: $500 ($100 for Junior Members)
- Fully or partially redeemable after 30 days
- Withdraw a minimum of $1,000
- Maintain a $1,000 minimum balance
- 1 withdrawal per calendar quarter
- Deposits are 100% guaranteed*
Redeem-A-Term
Available 12, 18, and 36-month terms
Flexibility and a high rate of return that increases the longer your funds stay in the term deposit.
- Interest is paid annually and at maturity. Choose to have funds automatically roll over or transfer to a deposit account
- 12 and 18-month terms are redeemable after 30 days*
- 36-month term is redeemable at any point in the term’s life, and earns a higher rate of interest the longer it remains invested
- Deposits are 100% guaranteed*
Elevator Term Deposit
5-year terms
A guaranteed high rate of return with the flexibility to re-negotiate and increase your rate annually.
- Rewritable and redeemable on anniversary
- Retro-rate increases
- Redeem on each anniversary with a 3% penalty
- Available as both a registered and non-registered product
- Deposits are 100% guaranteed*
- Retro-Rate
- To maximize the return on your investment, each year has a guaranteed rate which is paid retroactively.
- On the anniversary, the interest is calculated, compounded, and paid
- An additional Retro-Rate payment is calculated to increase the interest earned in the previous years of the term
- Since each of the 5 years has a higher rate than the previous year’s rate, the longer you hold the term, the higher the interest
- Rate Bumping
- Protect your current rate of return, while having the flexibility of bumping up your term deposits to a higher interest rate in the future.On your term deposit’s anniversary, you can rewrite your investment to a locked-in term of 1 year or more, with no penalty
Early Riser Term Deposit
4-year locked-in terms
With a guaranteed long-term rate and the flexibility to re-write annually, your rate increases each year.
- Rewritable on anniversary without penalty
- Redeemable in the first 30 days
- Minimum deposit: $500 ($100 for Junior members)
- Redeemable for the first 30 days with no interest
- Non-redeemable after 30 days
- Also available as a registered product
- Deposits are 100% guaranteed*
- Increasing Rate:
- On the anniversary, the interest is calculated and compounded or paid into a deposit account. The longer you hold the term, the higher the interest.
- Rate Bumping
- Protect your current rate, and maintain the freedom to bump up your term deposits to a higher rate in the future. On your term deposit’s anniversary, you can rewrite your investment into a non-redeemable term of equal or greater length than the time remaining on the original term deposit, with no penalty.
Rapid Riser Escalator Term Deposit
18-month term
An 18-month, redeemable term deposit with rate flexibility, and the security of earning an attractive rate when held to maturity.
- Rate increases every 6 months
- Redeemable after 12 months
- Convertible on the 6-month anniversary date
- Minimum investment: $500 ($100 for Junior members)
Marketsafe Term Deposit
Flexibility of 3 or 5-year terms
Unlimited earning potential with zero risk to your principal investment. Unlike other term deposits, your return is linked to the stock market instead of a guaranteed rate.
- Minimum investment of $1000
- Non-Redeemable
- Deposits are 100% guaranteed*
- Track the performance of our MarketSafe Term deposits:
- Term Deposit 3 year performance
- MarketSafe Term Deposit 5-year performance
- Return= ((Average Value - Starting Value) ÷ Starting Value) x Participation Rate
- Read more about MarketSafe