Redeemable Term Deposits
If you’re looking for a place to park some funds for a short period of time, a redeemable term deposit could be right for you. It features:
- terms from 32 days - 7 years
- competitive interest rates guaranteed for the full term of the investment
- access to your investment when you need it
Redeemable term deposits are available in RRSP, TFSA, RESP, RRIF and LIF plans.
Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits in non-registered accounts are insured up to $250,000 through the Financial Services Regulatory Authority. www.fsrao.ca.