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
|
3.45%
|
3.70%
|
3.90%
|
4.00%
|
4.20%
|
|
2 year
|
3.40%
|
3.60%
|
3.70%
|
3.80%
|
4.15%
|
|
3 year
|
3.30%
|
3.40%
|
3.50%
|
3.60%
|
3.95%
|
|
4 year
|
3.20%
|
3.30%
|
3.40%
|
3.45%
|
3.90%
|
|
5 year
|
3.05%
|
3.20%
|
3.30%
|
3.40%
|
3.80%
|
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