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.
Outlines

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

Features
Interest rate
  • Increases from year to year
  • Guaranteed until maturity
Minimum deposit
  • $1,000
Terms
  • 3 to 5 years
Returns
  • 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
Other
  • In Ontario, deposits are insured with the Deposit Insurance Corporation of Ontario. To learn more about deposit insurance, request a brochure at your Caisse, call DICO at 1-800-268-6653 or visit the Deposit Insurance Corporation of Ontario website.
  • 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.

You may also be interested in these personal financial products...
Better informed!
Our blog abounds with articles of real interest to you
Read our blog
Read our blog