Do you have some money and don’t know where to invest it? Are you worried about stock market downturns? Choose fixed-rate term investments—one of the most secure ways to invest!
Advantages
- Guaranteed return at maturity
- Capital guaranteed at death
- Security: interest rate and investment term are known from the start
- Protection against market downturns
Choosing a term investment
This competitive investment product has a number of options, and you’ll need to weigh them carefully because once you’ve selected an investment, you can’t go back and make changes.
- When will you need the money? In one year? Several? Not sure?
- Do you want to protect your savings from market fluctuations? Your capital is guaranteed and you’ll know the interest rate from the start.
- Do you want to make an investment while reducing your taxes? Some investments are RRSP- or TFSA-eligible.
- Are you already receiving a pension? If you’re 65 or older, you may qualify for pension income tax credits or be eligible for pension income splitting.
Make an appointment with an advisor Opens in a new window. who can help you figure it all out!
Investment types
| What do you want? | Daily Interest
Investment | Redeemable
Term Investment | Non-Redeemable
Term Investment |
|---|
| To be able to withdraw your money whenever you want |
|
|
—Not included |
|---|
| A fixed and guaranteed interest rate |
—Not included |
|
|
|---|
| Features | Daily Interest
Investment | Redeemable
Term Investment | Non-Redeemable
Term Investment |
|---|
| Investment term |
Variable |
Fixed
Between 3 months and 20 years |
Fixed
Between 1 and 9 years |
|---|
| Initial minimum deposit |
—Not included |
$500 |
$500 |
|---|
| Eligible plans |
RRSP, TFSA and non-registered plans |
RRSP, TFSA and non-registered plans |
RRSP and non-registered plans |
|---|
| Interest rate |
Variable
Daily fluctuations based on the markets |
Fixed
Set based on the investment term and amount |
Fixed
Higher than the rate for redeemable term investments |
|---|
| Interest payment |
Every 6 months
Redeemable |
At deposit anniversary date
Simple or compounded annually |
At maturity
Compounded annually |
|---|
Get a fixed-rate term investment
Make an appointment with your advisor today. They’ll assess your financial needs and recommend the right product for you.