A long-term deposit is a good investment option if you are looking to earn more interest on you hard-earned savings. Short and long term deposits are offered from 30 days to 5 years.
Short term deposit interest is paid at maturity and for long term deposits interest can be paid annually or compounded and paid at maturity.
|
Term
|
$5,000
|
$10,000
|
$25,000+
|
|---|---|---|---|
|
30 to 89 days
|
0.15%
|
0.20%
|
0.25%
|
|
90 to 179 days
|
0.15%
|
0.20%
|
0.25%
|
|
180 to 364 days
|
0.15%
|
0.20%
|
0.25%
|
Interest can be paid annually or compounded and paid at maturity.
|
Term
|
$500
|
$10,000
|
$25,000
|
$50,000
|
$100,000
|
|---|---|---|---|---|---|
|
1 year
|
3.00%
|
3.10%
|
3.20%
|
3.30%
|
3.35%
|
|
2 year
|
3.00%
|
3.00%
|
3.10%
|
3.20%
|
3.25%
|
|
3 year
|
3.00%
|
3.00%
|
3.00%
|
3.00%
|
3.20%
|
|
4 year
|
3.00%
|
3.00%
|
3.00%
|
3.00%
|
3.10%
|
|
5 year
|
3.00%
|
3.00%
|
3.00%
|
3.00%
|
3.00%
|
Future Value Calculator
This form will calculate the future value of a regular investment given the payment, term, and annual interest rate
Golden Horseshoe eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA).
Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).
Download the Deposit Insurance Reserve Fund (DIRF) Brochure
Learn more at https://fsrao.ca or https://fsrao.ca/fr