Regular Income Term Savings

Turn your savings into income!

Is this type of savings for you?

  • You want your capital to grow outside of a registered retirement plan.
  • You want to be able to periodically withdraw the amounts you need.
Outlines

Main features :Capital and interest rate 100% guaranteed

Terms offered :1 to 5 years

Minimum deposit :10 000 $

Eligible plans :TFSAs and Non-Registered Plans

Features
Interest rate
  • Fixed
  • Guaranteed until maturity
Minimum deposit
  • $10,000
Eligible for these plans
  • Registered plans: TFSA
  • Non-registered plans
Withdrawal amount and frequency
  • Flexible
  • Can be changed each year
  • Frequency of automatic withdrawals: weekly, every 2 weeks, monthly or quarterly
Other
  • In Ontario, Canadian currency deposits in registered savings plans are insured for their total amount by the Deposit Insurance Corporation of Ontario. Other deposits in Canadian dollars are insured up to $100,000. Find out more about deposit insurance.
  • Eligible for potential member dividends Find out more about member dividends
  • Savings-Life Insurance available
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