Guaranteed rates up to 1.65% APY1, plus options to cash out without penalty.
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 Certificate of Deposit.
1 Interest is compounded at the end of each sub-term and paid at maturity. Interest paid is calculated using the daily balance from each sub-term. Minimum opening deposit $1,000. Minimum daily balance to obtain APY $1,000.
2 For 18-month term, no penalty if all or part of the deposit is redeemed at the 6- or 12-month designated time. APY assumes interest will remain on deposit until maturity. Disclosed APY will not be obtained if funds are withdrawn at non-designated times. Withdrawn funds earn 1.00% (prior to 6 mos); 1.35% (prior to 12 mos); 1.70% (prior to 18 mos). For 3-year term, no penalty if all or part of the deposit is redeemed at the 1- or 2-year designated time. Withdrawn funds for the 3-year account earn 1.15% APY (Prior to 1yr), 1.70% APY (Prior 2 yrs) and 1.95% APY (Prior to 3 yrs). Rates are accurate as of 11/08/2012.