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.

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

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
  • May be converted to a downpayment on a house at any time when the mortgage is obtained from your caisse
  • 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.
  • May be eligible for potential member dividends. Find out more about member dividends.
  • Savings-Life Insurance available


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