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.
For the 18-month term: No penalty if all or part of the deposit is redeemed at the six- or 12-month designated term (sub-term).
For the three-year term: No penalty if all or part of the deposit is redeemed at the one- or two-year designated term (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.