Five Year Rate Climber
The Five Year Rate Climber rewards you for taking a long term approach to your savings and investment plan. With only a $1,000.00 minimum deposit the interest rate on this term deposit will rise each year for five years.
This is a great option if you are looking for a flexible long-term investment with a relatively high return.
- Redeemable or reinvestable without penalty on each anniversary date.
- Can compound annually or pay out annually. Maximize your savings by compounding the interest earned annually: each year the interest earned will be deposited back into the account, effectively earning interest on the interest you've already earned.
Terms & Conditions
- Term length of five years
- Minimum $1000.00 initial deposit
- Escalating interest rate
- Redeemable without penalty on each anniversary
- Interest payout for annual interest, to chequing, savings account on anniversay date
- Interest payout for compounding interest, to chequing, savings account at end of five year term
- Partial withdrawals are not permitted
Talk to a Financial Expert today.
Our financial experts will answer any of your term deposit questions. Call us at 604-517-0100 or send us your question online and we'll respond to you within one business day.