Flexi-Growth Term Deposit

Great rates and the flexibility to cash-in at any time.

Key differentiating features

  • Provides the opportunity to cash in at any time after 90 days with no penalty
  • You earn interest based on how long the investment is held. For instance, based on the example below, if the term deposit was redeemed within the 18 to 24-month range, the earned interest would be 1.10% from the start date of the investment
  • Interest is compounded annually and paid at redemption or maturity, with earned interest automatically reinvested into the term deposit
Return Calculation and Example

Features and Benefits

  • Flexible – access your funds whenever you need them with no penalty
  • The amount of interest you earn increases the longer you hold it
  • Competitive rates
  • Non-registered, and TFSA and RRSP eligible
  • Minimum $500 investment ($100 if under 19 years of age)
  • Alterna’s 2- and 3-Year Flexi-Growth Term Deposits can be redeemed in full any time after 90 days (no partial redemptions permitted)
  • No penalty for early redemption

Ways to Invest

Personal Banking

Our advisors can help you purchase or renew your investments over the phone or in branch so you can achieve your financial goals.


Our advisors provide access to comprehensive, customized financial management built through integrity, ethics and responsibility.


Bank anywhere with our online banking options. Buy or renew GICs/Term Deposits online or set up transfers.


Tap into timely insights and tools to invest with confidence in all market conditions with Qtrade® Direct Investing TM.


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Types of Term Deposits

Whether you have short-term or long-term savings goals, there is a term deposit that will provide you with the security and flexibility you need.

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How can we help?

2- and 3-year Flexi-Growth Term Deposits: Annual compound interest paid annually, at redemption or at maturity. Interest earned must be reinvested back into the term deposit. Redemption available any time after 90 days. No partial redemptions permitted. If term is redeemed any time after 90 days prior to the 1-year anniversary, simple interest will be calculated on the principal amount for the number of days in the term and paid at redemption (principal x rate x number of days / 365 days). Minimum investment $500. Available to personal accounts only. Due to local and proxy caching on the Internet, please ensure that you are viewing current rates.

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