Index Linked Term Deposit

Earn high returns* linked to stock market performance over three or five years.

What is it?

This investment product blends the safety and security of a term deposit, while delivering the potential for above average rates of return available through market returns. A three or five year investment maintains a guarantee on the capital invested, while participating in the return of the Candaian S&P/TSX60 Index. The minimum investment amount is $1,000.

To better understand how your return is calculated for your Index Linked Term Deposit, click here to see an example of a three year term.

Who is it for?

This is right for you if you:

• have a medium to long-term investment time frame;
• want a potentially higher return without risking your capital;
• don’t need to access the funds for the investment term; and
• have low tolerance for investment volatility.

What are the benefits?

• Flexibility with the two term options available:
  • 3 year non-redeemable term with 75% participation in the performance of the Index; and
  • 5 year non-redeemable term with 125% participation in the performance of the Index.
• You get exposure to the Canadian S&P/TSX60 Index, which tracks 60 foremost companies in leading Canadian industries.
• There is no cap on the return you can enjoy.
• Principal investment is guaranteed.
• No commission, management, or administrative fees.
• Interest is paid at final maturity.
• Access to potentially higher rates of return by participating in the Canadian Market without risking initial principal investment.

Because this investment product is a bit more complicated, click here to read answers to common questions about the product.

Visit us in branch, call us at 1-877-WESTOBA or click here to make an appointment to make an Index Linked Term Deposit part of your financial fitness routine.

*Rates subject to change.