Term Deposits

eTerm Deposit Monthly Interest (Rates effective 2018-05-03) Rates
1 Year 1.49%
2 year 1.59%
3 Year 1.79%
4 Year 1.79%
5 Year 2.08%

Minimum deposit is $500
1-5 Year eTerm Deposits: Annual compound interest paid monthly or annually
eTerm Deposits and rates are only available for purchase online. 

eTerm Deposit Annual Interest (Rates effective 2018-05-03) Rates
1 Year 1.50%
2 Year 1.60%
3 Year 1.80%
4 Year 1.80%
5 Year 2.10%

Minimum deposit is $500
1-5 Year eTerm Deposits: Annual compound interest paid monthly or annually
eTerm Deposits and rates are only available for purchase online. 

Short Term (Rates effective 2018-05-03) Rates
30 - 59 Days 0.25%
60 - 89 Days 0.40%
90 - 119 Days 0.50%
120 - 179 Days 0.60%
180 - 269 Days 0.60%
270 - 364 Days 0.65%

* Interest is paid at maturity. Minimum deposit is $500 ($100 for Student Life and Youth Start accounts). Term Deposits of 364 days or less: Simple interest calculated on the principal amount for the number of days in the term deposit and paid at maturity. (principal x rate x number of days / 365 days).

Long Term Monthly Interest (Rates effective 2018-05-03) Rates
1 Year 1.24%
2 Years 1.39%
3 Years 1.49%
4 Years 1.59%
5 Years 1.79%

* Minimum deposit $500 ($100 for Student Life and Youth Start accounts). 1 – 5 Year Term Deposits: Annual compound interest paid monthly or annually

Long Term Annual Interest (Rates effective 2018-05-03) Rates
1 Year Redeemable 0.85%
1 Year 1.25%
18 - 23 Months 1.25%
2 Years 1.40%
3 Years 1.50%
4 Years 1.60%
5 Years 1.80%

* Minimum deposit $500 ($100 for Student Life and Youth Start accounts). 1 – 5 Year Term Deposits: Annual compound interest paid monthly or annually
1 Year Redeemable: Annual compound interest paid at redemption or at maturity
18-23 Month Term Deposit: Annual compound interest paid annually and at maturity

Flexi Term Deposit (Rates effective 2018-05-03) Rates
3 Year Flexi Term 1.50%
5 Year Flexi Term 1.80%

Flexi Term Deposit: Minimum $2500. Annual compound interest paid annually and at maturity.

3 Year RateBuilder - Effective Yield 1.50% (Rates effective 2018-05-03) Rates
Year 1 1.20%
Year 2 1.40%
Year 3 1.90%

RateBuilder Term Deposits:  Minimum deposit $500. Annual compound interest paid annually or at maturity.

5 Year RateBuilder - Effective Yield 2.80% (Rates effective 2018-05-03) Rates
Year 1 1.20%
Year 2 1.40%
Year 3 1.90%
Year 4 3.50%
Year 5 6.00%

RateBuilder Term Deposits:  Minimum deposit $500. Annual compound interest paid annually or at maturity.

US Dollar Short Term Deposit (Rates effective 2018-05-03) Rates
30 - 59 Days 0.05%
60 - 89 Days 0.10%
90 - 119 Days 0.20%
120 - 179 Days 0.25%
180 - 269 Days 0.35%
270 - 364 Days 0.40%

US Dollar Short Term Deposit: *$500 minimum or $100 minimum for Youth Start and Student Life. US Dollar Term Deposits are not CDIC/DICO eligible.
US Dollar Term Deposits of 364 days or less: Simple interest calculated on the principal amount for the number of days in the term deposit and paid at maturity. (principal x rate x number of days / 365 days).

US Dollar Long Term Deposit (Rates effective 2018-05-03) Rates
1 Year 0.45%
2 Year 0.50%
3 Year 0.60%
4 Year 0.80%
5 Year 1.10%

US Dollar Long Term Deposit: *$500 minimum or $100 minimum for Youth Start and Student Life. US Dollar Term Deposits are not CDIC/DICO eligible.

US Dollar Term Deposits of 1 to 5 years: Annual compound interest paid monthly or annually.

Only eligible deposits held in Canadian currency, having a term of five years or less and payable in Canada are insurable under the Canada Deposit Insurance Corporation Act.