With a term investment, from the day you make your deposit, you know the interest rate you'll be getting and how long you'll be investing for.
A term investment is right for you if:
- You want a guaranteed interest rate for your investment
- You're looking for an investment that's eligible for most non-registered and registered plans
Term investments offered
|Your capital is always available (it can be used as an emergency fund).||You can choose a term between 3 months and 20 years.||Your interest rate goes up each year until the end of the term.|
You generally get a higher interest rate than you would on a redeemable term investment.
Available in Quebec only.
|Term doesn't apply.||Term between 3 months and 20 years.|| Term of 5 years.||Term of 3 years or more.|
|Can be withdrawn at any time.||Can be redeemed at any time.||Can be redeemed once a year only within the 30 days prior to the anniversary date.||Cannot be redeemed.|
|Potentially higher interest rate than on a chequing account.||Interest rate varies depending on the amount invested.||Compound interest rate.||Higher interest rate than on a redeemable term investment.|
|Interest rate can vary from day to day depending on the markets.||Guaranteed return at maturity.||Guaranteed return at maturity.||Guaranteed return at maturity.|
|Eligible for registered (RRSP, TFSA, etc.) and non-registered plans.||Eligible for registered (RRSP, TFSA, etc.) and non-registered plans.||Eligible for registered (RRSP, TFSA, etc.) and non-registered plans.||Eligible for RRSP and non-registered plans.|