Interest rate
2.00%
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 online renewal, you can renew it on AccèsD 25 days before maturity (see how to renew online your term savings).
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.
How do I fully or partially redeem funds from my Redeemable Savings?
You can make a full or partial redemption at any time.
If you hold your Redeemable Savings in a non-registered plan or in a tax-free savings account (TFSA), you can redeem funds yourself on AccèsD in a browser (this feature isn’t available in the mobile app).
- Log in to AccèsD.
- In the Savings and investments section, select the 3 dots on the right, then the Redeemable Savings you’d like to cash in.
- On the summary page for your Redeemable Savings, select More options, then Cash in redeemable term savings.
- Select the Redeemable Savings, then the account you want it deposited into and the type of redemption. For a partial redemption, enter the desired amount.
- Click OK to finalize the redemption.
For any partial redemption, you must redeem at least $1,000 and have a remaining balance of $1,000 invested.
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.