Fixed Interest Rate
- The interest rate is fixed for the length of the term. Interest earned can "roll over" into another Short term deposit of the same length or it can be paid when the term ends into a chequing or savings account.
Redeemable or Non-redeemable Options
- Redeemable Short term deposits can be redeemed at any time, for maximum flexibility, while non-redeemable Short term deposits earn higher interest.
Short Term Deposits in U.S. Dollars
- Westminster Savings offers non-redeemable Short term deposits denominated in U.S. funds. With a minimum deposit of $5,000.00 you can protect your U.S. dollars from currency fluctuations without sacrificing quick access to your money.
Terms & Conditions
|Short Term Deposit Terms & Conditions|
|Term length:||30 days to 364 days|
|Interest rate:||Fixed, see our term deposit interest rates|
|Redeemable:||Only redeemable Short term deposits are redeemable.
Non-redeemable term deposits cannot be redeemed before the end of the term.
U.S. dollar deposits are non-redeemable.
|Currency:||Canadian (CAD) and American (USD)|
|Interest Payout:||For CAD, interest compounds or pays to a chequing or savings at maturity.
For USD, interest pays to a USD chequing or USD savings account
Tools & Calculators
Use our online guide to get a better understanding of term deposits.
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