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Get the benefit of the higher interest rates normally associated with a longer term investment and the flexibility of a short term deposit with the Scotiabank Rate Booster Term Deposit.
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Available in an 18-month term, you can:
- Enjoy a guaranteed and competitive interest rate
- Earn higher interest rates the longer you stay invested
- Reinvest if interest rates increase or stay invested at the current rate if interest rates decline
- Cash out at designated times (“sub-terms”) without penalty
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No penalty if all or part of the deposit is redeemed at the 6- or 12-month designated time (“sub-term”).
Interest is compounded at the end of each sub-term and paid at maturity. Interest paid is calculated using the average rate of interest from each sub-term. Minimum Investment required.
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