Fixed or Term Deposit
If you have a lump sum of money that you won’t need access to immediately, consider depositing it in a Term Deposit for a duration of one to three years. The longer the period, the greater the interest you earn. A minimum of $1000.00 can be deposited. The interest rate range from 3.00% to a maximum of 4.00% depending on the amount deposited. Term Deposit accounts earn interest yearly, and you can choose to add the interest you earn to your certificate principal or have the interest transferred to your savings accounts when it matures. Interest rates offered are subject to current market conditions.