Interest rate
2.20%
Terms available
1 year
Redeemability
Fully or partially redeemable
Why choose Redeemable Term Savings?
Guaranteed principal and interest
Your investment is guaranteed and earns interest at a fixed rate.
Competitive interest rates
Get a competitive rate for your term savings.
Redeemable anytime with no penalty
You can cash out all or part of your investment whenever you need it.
Eligible savings plans and accounts
| Plan or account | Minimum investment |
|---|---|
| TFSA, FHSA, RRSP, RDSP, locked-in RRSP and locked-in accounts like LIRA and LIF | $1,000 |
| Non-registered | $1,000 |
Renew your term savings on AccèsD
If your term savings investment is eligible for renewal, you can renew it on AccèsD 60 days before maturity.
More information
Deposit insurance coverage
Your investment is eligible for deposit insurance, up to a certain limit.
Eligible for member dividends
Term savings are included when calculating your member dividends, if your caisse or credit union pays them.
FAQ
What is the difference between redeemable term savings and redeemable term deposits?
Redeemable term savings are similar to redeemable term deposits. They're both guaranteed investments where you deposit money for a fixed period. You know how much interest you'll earn, and your return depends on the term length you choose.
What is the difference between redeemable term savings and cashable term savings?
They're both term savings that allow you to access your funds before the maturity date, under certain conditions.
Purchase your Redeemable Savings
By phone
Montreal area:
514-224-7737 This link opens your phone app. (514-CAISSES)
Elsewhere in Canada:
1-800-224-7737 This link opens your phone app. (1-800-CAISSES)
Or we can call you when it's convenient.