Step-It-Up Term Deposit

The Only Way Is Up - with our 5 Year Step-It-Up Term Deposit

The 5 Year Step-It-Up Term Deposit provides you with a guaranteed higher rate of return on your investment year after year and the flexibility of cashing it in or taking a partial withdrawal on the anniversary date each year.

Here's how it works:

  • This Term Deposit is a step-up-investment with built in rate increases annually.
  • The longer the term, the greater the opportunity for your savings to earn a higher interest rate.
  • If something comes up, you have the flexibility of cashing in your term deposit or making a partial withdrawal on the anniversary date each year.
  • RRSP and TFSA are eligible for this investment. **

Make the Switch and Save! When you transfer a RRSP, RRIF or TFSA into Comtech Fire, we cover the transfer fee charged to you by the outgoing financial institution, up to a maximum of $135*.

*Some conditions may apply.

**Option to cash in or make a partial withdrawal on the anniversary date each year applies to non-registered terms only.

Minimum deposit amount – Registered Term Deposit $500; Non-Registered Term Deposit $1,000.

Term Deposit Rate shown for annual interest. Interest is calculated on the term deposit principal and paid or compounded annually.

Click to view our Step-It-Up Term Deposit Rates.