Index-linked Term Deposits (RRSP eligible)
Index-linked Term Deposits are a great way to grow your money and meet your savings goals. You'll have the assurance that your principle investment is protected up to $100,000 through the Deposit Insurance Corporation of Ontario.
- Enjoy safety and growth with a minimum deposit of $1,000.
- Three or five-year terms available.
- Interest is paid at maturity based on the performance of the S&P/TSX60 over a specific timeframe.
- Early redemption is not allowed, but these deposits are a way of participating in the stock market, yet have the return of principal guaranteed with the security of deposit insurance coverage.
- May appeal to investors who are looking for an equity-linked investment that carries no fees or commissions.
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