Index-Linked Term Deposits

The investment return on the deposit will be based upon the participation rate multiplied by the average return of the S&P/TSX 60 Index over the term of the deposit.

There are no fees or commissions associated with this investment.

3 and 5 year non-redeemable terms available.
The term does not automatically renew.

Interest paid at maturity.

To begin growing your money, a minimum $500 deposit is required.

Enjoy the security of 100% guaranteed principal protection.

The Deposit Insurance Corporation of Ontario (DICO) provides deposit insurance to make sure your money is protected.

The term deposit is RRSP/RESP/TFSA and non-registered account eligible.

Tax will be deferred on Index-Linked Term Deposits held inside registered plans. However, the income tax consequences of holding an Index-Linked Term Deposit outside a registered plan will depend upon a holder’s particular circumstances, and holders should consult their tax advisors before considering the investment outside a registered plan.

Unlike other term deposits, there is noguaranteed return on this product. Depending on the performance of the stocks comprising the S&P/TSX 60 Index over the term, it is possible that, at maturity, the investor will receive only their principal back.