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  3. Term Deposits

A term deposit investment provides a secure way to grow your money, while ensuring your initial investment is guaranteed.

Easy Start

Start your next investment with as little as $5.00 up front1.

What you need to know 

  • Non-Redeemable, non-registered

  • 1-year term

  • Minimum required investment of $500 must be reached within one year

  • Access to funds at maturity only2

  • Interest paid at maturity. Minimum quarterly statements

  • Automatic reinvestment at current rate3

  • Potential to earn a higher interest rate than a savings account

  • Flexibility to make scheduled periodic deposits to meet the required investment amount4

  • The automatic scheduled funds transfer can be setup to occur weekly, bi-weekly, semi-monthly or monthly

  • Scheduled funds transfers are not permitted from another financial institution account. Interest can be paid to a Conexus deposit account or rollover with the term

  • This deposit requires an active automatic scheduled funds transfer at all times. If the scheduled funds transfer from a Conexus deposit account is not made for a period of 60 days or more, or if the minimum required investment amount is not met, Conexus reserves the right to cancel the term

Rates

  • View current rates here

Start application

Non-redeemable

Earn monthly interest on your investment for up to five years.

Useful information 

  • Non-redeemable, non-registered

  • 1, 2, 3, 4 or 5 year terms5

  • $1,000 minimum investment

  • Access to funds on maturity only

  • Interest is paid monthly, semi-annually or annually to your Conexus account or compound to the term – allowing you to earn interest on your interest

  • Minimum quarterly statements

  • Automatic reinvestment at current rate3

  • Potential to earn a higher interest rate than a savings account

  • Generally, longer term lengths earn a higher rate of interest

  • Interest can be paid to a Conexus deposit account or rollover with the term

Rates 

  • View current rates here

Start application

Redeemable

What you need to know 

  • Redeemable, non-registered

  • 12-month term

  • $1,000 minimum investment

  • Access funds anytime on or after 90 days

  • Interest paid on maturity (or upon redemption)

  • Automatic reinvestment at current rate3

  • Provides the option of cashability prior to maturity

  • Potential to earn a higher interest rate than a savings account

  • Interest can be paid to a Conexus deposit account or rollover with the term

Rates

  • View current rates here

Start application

  1. The required investment amount must be reached through automatic scheduled funds transfers (and lump sum deposits) during the life of the term. 

  2. If such action is required, interest paid on the deposit shall be reduced to 50% of the interest earned to the date of cancellation. 

  3. Unless other instructions provided prior to maturity. 

  4. The scheduled periodic transfer amount may be changed (subject to minimum required investment restrictions). 

  5. Three-year convertible feature is available at time of purchase. If converted, value of initial deposit must be matched or increased and must be reinvested to, at the minimum, satisfy the remainder of the 3-year term.