Climbing-Rate Term Savings

Enjoy a higher rate of return with multiple interest rates.

Is this type of savings for you?

  • You want to invest in an RRSP or save for any other project in the medium term.
  • You want to make your capital grow while enjoying a higher return.

Main features :Interest rate increases from year to year and guaranteed until maturity

Terms offered :3 and 5 years

Minimum deposit :1 000 $

Eligible plans :Registered (TFSA, RRSP, LIRA, locked-in RRSP, RRIF, LIF, RDSP) and non-registered plans

Interest rate
  • Increases from year to year
  • Guaranteed until maturity
Minimum deposit
  • $1,000
  • 3 to 5 years
  • High
  • Interest paid annually or at maturity*
Eligible for these plans
  • Registered plans: TFSA, RRSP, FTA, LIRA, locked-in RRSP, RRIF, LIF and RDSP
  • Non-registered plans
Redemption terms
  • Registered plans (other than the TFSA): convertible and non-redeemable
  • On the deposit anniversary date, you can convert all or part of your savings to a non-redeemable term savings or a fund available at your caisse.
  • Non-registered plans and TFSA
  • Non-convertible but redeemable: on the anniversary date, you can redeem all or part of your savings without penalty. Partial withdrawal of at least $1,000 of your savings if you maintain a minimum balance of $1,000.
  • Non-redeemable and non-convertible: offered at a higher rate
  • Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA)
  • Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA)
  • May be eligible for potential member dividends. Find out more about member dividends.

* For income tax purposes, interest declared annually is based on average return at maturity.

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