Term Deposits

Create your money management plan with investment accounts that perform.

Did you know that term deposits pay a higher rate of interest than a regular savings accounts? The difference is that term deposits are generally non-redeemable until maturity. So, if you don’t need your money right away, a term deposit is a wise investment choice that works for you.

NON-REDEEMABLE TERM DEPOSIT

Looking for smart, sustainable long-term growth? We have you covered.

Safe, secure, and with a long-term outlook on your finances, a Non-redeemable Term Deposit prioritizes dependable and predictable return on your money.

FEATURES
  • Guaranteed investment principal and interest rate
  • Minimum investment of $500
  • 1- to 5-year terms available
  • Interest grows each year
  • Not redeemable before maturity
  • Automatically renews, with interest, at maturity unless you choose to redeem it
  • Available as non-registered, RRIF, RRSP, RESP, and TFSA
  • Insurable deposits covered by the Financial Services Regulatory Authority of Ontario (FSRA)

REDEEMABLE TERM DEPOSIT

When you get more than you banked on, that’s the Moya advantage.

Interested in a higher rate of return than a standard deposit account? With a Redeemable Term Deposit, you’ll build your investment portfolio with a higher-than-standard, guaranteed interest rate paired with withdrawal flexibility.

FEATURES
  • Guaranteed investment principal and interest rate
  • Minimum investment of $500
  • 1-year term (365 days)
  • Partial or full funds may be redeemed on or after 90 days with no interest penalty*
  • Automatically renews, with interest, at maturity unless you choose to redeem it
  • Not available for registered products
  • Insurable deposits covered by the Financial Services Regulatory Authority of Ontario (FSRA)
*No interest is paid if redeemed within 1-89 days of deposit. Interest is calculated daily and paid at time of redemption or at maturity.

GROWING RATE TERM DEPOSIT

We’ve got your long-term financial goals in mind at Moya.

Our Growing Rate Term Deposit lets you earn competitive, guaranteed interest on your deposit and build your investment with an interest rate that increases every single year of the term.

FEATURES
  • Guaranteed investment principal and interest rate
  • Available as a redeemable* and non-redeemable** term deposit
  • Minimum investment of $500
  • 5-year term
  • Interest grows each year
  • Automatically renews, with interest, at maturity unless you choose to redeem it
  • Available as non-registered, RRSP, RESP, and TFSA
  • Insurable deposits covered by the Financial Services Regulatory Authority of Ontario (FSRA)
*Option to redeem every year on the deposit anniversary.
**Not redeemable before maturity. If needed, you may withdraw partial funds or the full amount on the 3-year anniversary.

INDEX-LINKED TERM DEPOSIT

Stop dreaming of unlimited earning potential and start doing with Moya.

If you’re dreaming of unlimited earning potential with zero risk to your investment base, an Index-Linked Term Deposit could be the investing solution you need. Lock in for a 3- or 5-year term and enjoy the possibility of equity-style growth in your investments.

FEATURES
  • An opportunity to participate in the growth potential of equity markets
  • No risk to your investment principal
  • Minimum investment of $5,000
  • 3- and 5-year terms
  • Unlimited potential earnings
  • No commissions or management fees
  • Not redeemable prior to maturity
  • Available as non-registered, RRSP and TFSA
  • Insurable deposits covered by the Financial Services Regulatory Authority of Ontario (FSRA)

HERE TO HELP

Ready to start investing? Call or visit our Contact Us and ask to speak with one of our Financial Services Representatives.

Term deposits help people grow their savings without any of the risks involved with other types of investment products.

Here’s a closer look at a few common types.

Privacy Preferences
When you visit our website, it may store information through your browser from specific services, usually in form of cookies. Here you can change your privacy preferences. Please note that blocking some types of cookies may impact your experience on our website and the services we offer.