Regular Deposit Term Savings

The best way to save according to your budget!

Is this type of savings for you?

You are saving for projects or you want to spread your RRSP contribution over the year.
You want to accumulate capital by making regular automatic deposits to a term savings account for a predetermined time period.

Outlines

Terms offered :1 to 5 years

Minimum savings objective :$1,200 for one year and $3,000 for the other terms

Amount and frequency of transfers :At your choice, can be modified at any time, weekly, every 2 weeks, bi-monthly or monthly

Total or partial redemption :In full, without penalty, on the third and fourth anniversaries of the deposit, under certain conditions

Renewal :Automatically or with an advisor at your service centre

Features


Interest rate	Guaranteed until maturity
Eligible for these plans	Registered plans: TFSA, RRSP, FTA and RDSP Non-registered plans
Minimum savings objective	$1,200 for 1-year term $3,000 for other terms
Deposit amount and frequency	Flexible Can be changed at any time Frequency of transfers: weekly, every 2 weeks, twice a month or monthly
Conversion	May be converted to a downpayment on a house at any time when the mortgage is obtained from your caisse
Other	In Ontario, deposits are insured with the Deposit Insurance Corporation of Ontario. To learn more about deposit insurance, request a brochure at you 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. Savings-Life Insurance available

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