Conexus - Term Deposits

What is it?

A term deposit investment provides a secure way to grow your money, while ensuring your initial investment is guaranteed. As the name suggests, when you invest in a term deposit, you’re choosing to leave your money with a financial institution for a certain length of time. Conexus offers flexible term lengths, ranging from one to five years, with longer-term lengths generally earning a higher rate of interest.

What can I use it for?

Term deposits can be used as an investment product within investment accounts, such as Registered Retirement Savings Plans (RRSPs), and Tax-Free Savings Accounts (TFSAs). They can also be held in non-registered investment accounts, however any interest earned in a non-registered account is subject to taxation in the year it’s received.

Type	Redeemable	Non-Redeemable	Easy Start
Term length options	1-year term	1, 2, 3, 4, and 5-year terms available	1-year term
Min deposit	$1,000/year	$1,000	$500/year
Automatic renewal?	Yes	Yes	Yes
Redemption	Redeemable in full after 90 days without penalty. No interest paid if redeemed within first 90 days.	Access to funds at maturity only.	Access to funds at maturity only.
Withdrawals	Withdrawals can be made at any time after 90 days. Minimum withdrawal amount is $1,000 and a $1,000 minimum balance must be maintained.	No	No
Interest paid	Interest paid monthly* or annually. Can be paid to a Conexus deposit account or rollover with the term.	Interest paid monthly* or annually. Can be paid to a Conexus deposit account or compound to the term.	Interest paid at maturity only.
Rates	To view current term rates, click here.
Best for	Investors who want access to funds when you need them.	Investors who want to earn a higher interest rate.	Investors with short-term investment goals.

✔ Right for you if you:

You’re a risk-averse investor. Since your initial investment is guaranteed, term deposits are considered low-risk investments. This makes them a great choice for more cautious investors.
You want predictable returns. Term deposits offer a fixed interest rate, so investors can count on predictable returns.
You’re looking for an affordable investment option. Minimum deposits are relatively affordable, making term deposits an attractive option for cost-conscious investors.

Disclaimer

Mutual funds, other securities and securities related financial planning services are offered through Aviso Wealth, a division of Aviso Financial Inc. Online brokerage services are offered through Qtrade Direct Investing, a division of Aviso Financial Inc. Qtrade and Qtrade Direct Investing are trade names and/or trademarks of Aviso Wealth Inc. and its subsidiaries.

Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated.

The information on this page is provided as a general source of information and shouldn’t be considered personal investment advice or a solicitation to buy or sell any mutual funds or other securities. When in doubt, it’s always a good idea to consult with a financial advisor for personalized information and guidance.

Protect yourself from fraud: Be vigilant against phishing and spoofing attempts. Always ensure you are on our official website by checking the web address and security indicators. We will never ask for sensitive information via email or redirect you to unfamiliar sites. If in doubt, contact our Member Contact Centre immediately. Learn more about ways to protect yourself from fraud by visiting: https://www.conexus.ca/security/

Term Deposits

Why invest in Term Deposits?

Types of Term Deposits

Is this right for you?

Have questions? That’s what we’re here for!