TD U.S. Dollar Term Deposit is a great investments for your foreign funds because they allow you to earn interest at a guaranteed rate. Plus, your money is protected against exchange rate fluctuations, so you don't have to worry about converting your funds to Canadian dollars on a regular basis.
Apply By Phone
Annual Interest Rate
A term deposit is an investment, a fixed amount of money that is deposited for a fixed period of time.
There is no difference between a Term Deposit and a Certificate of Deposit (CD), a CD is simply a type of Term Deposit. A Certificate of Deposit is issued by a bank, and a Share Certificate is issued by a Credit Union.
If the amount deposited if not needed for the fixed term of the depotst, a term deposit will yield a higher rate of interest. The interest rate of term deposits is higher than the interest paid on a savings account.