Premium Term Deposit

 
 

CAD and USD Premium Term Deposit are offered at a guaranteed interest rate, which puts customers' mind at ease by eliminating the need to monitor interest rate fluctuations.

For new premium term deposit, document requirement is the same as opening a new banking account. Customers need to provide two valid identification documents.

CAD Premium Term Deposit

- Terms range from 7 days to maximum 5 years.

- Interest is calculated daily on a 365-day basis.

- Special rate of higher return is available for deposits over CAD$100,000.

- CAD Premium Term Deposit with a term not greater than 5 years is insured by the Canada Deposit Insurance Corporation (CDIC) subject to the maximum coverage limitation as outlined by the CDIC.


Please contact our branches or refer to our "Rates and Fees"; for more details.


Non-Redeemable CAD Premium Term Deposit Rates

- Minimum deposit is CAD $1,000.

- Terms include 7-days, 1-Month, 2-Months, 3-Months, 6-Months, 1-Year, 2-Years, 3-Years, 4-Years and 5-Years.

- Interest is paid at maturity.

- No early redemption before maturity is allowed.


Redeemable CAD Premium Term Deposit

- Minimum deposit is CAD $5,000.

- Term 5-Years.



Redeemable CAD Premium Term Deposit Redemption prior to maturity Partial Redemption
5-year Step-Tier Term Deposit Redemption within every anniversary date plus 15 business days (i.e. the grace period) is allowed - Minimum redeemable amount is CAD $1,000.
- CAD $5,000 minimum balance is required.

Non-Redeemable USD Premium Term Deposit

- Terms include 7-days, 1-Month, 2-Months, 3-Months, 6-Months, 1-Year, 2-Years, 3-Years, 4-Years and 5-Years.

- Minimum deposit is USD$1,000.

- Special rate of higher return is available for deposits over USD$100,000.

- Interest is calculated daily on a 360-day basis and is paid at maturity.

- No early redemption before maturity is allowed.


Please contact our branches or refer to our "Rates and Fees"; for more details.


* U.S. dollar deposits are not insured by the Canada Deposit Insurance Corporation (CDIC).



All terms and conditions of Premium Term Deposit (CAD and USD) stated above are subject to change without prior notice.