Term Deposits (also known as GICs) guarantee you receive a set, compounded interest rate over a fixed period of time. This investment is secure and can have a length as little as 30 days and as much as 5 years, with interest rates varying based on the length of the term. Terms can be either Redeemable or Non-Redeemable.
- No fees
- Completely secure
- Choice of redeemable or non-redeemable
- Guaranteed interest rate paid annually or semi-annually
- Withdraw or reinvest your earnings at the end of the term