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.
Choose between 18-month and 3-year terms
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
For 18-month term, no penalty if all or part of the deposit is redeemed at the 6- or 12-month designated time (“sub-term”).
For 3-year term, no penalty if all or part of the deposit is redeemed at the 1- or 2-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.
