How it works:
1.) Deposit a minimum of $500 to a maximum $6,000 into a “Launch Your Savings” special demand account earning 2.49%* in interest from now until the end of 2019.
2.) Then on January 2, 2020 your funds will be automatically moved into our 9 Month Non-Redeemable Term Deposit at the special rate of 2.30%* or into a Non-Redeemable term of your choice.
*Rate is subject to change at anytime without notice. Limited time offer. Ask us for further details.
TERMS AND CONDITIONS:
• Offer valid – October 25, 2019 to December 31, 2019 and cannot be combined with any other offer
• Limit of One “Launch Your Savings into 2020” Demand account per person
• Interest is calculated daily and paid monthly. Rates as of October 22, 2019 are expressed on a per annum basis and are subject to change without notice. Maximum annual contribution to the “Launch Your Savings into 2020” Demand Account is $6,000
• On January 2, 2020 the funds from the “Launch Your Savings” Demand Account will be moved to a Non-Redeemable TFSA Term Deposit for the principal amount only
• Taxes paid on interest earned may vary and are based on your personal tax bracket