Term Deposits

Are you saving for the long-term, such as a comfortable retirement or your children's education? Are you saving for a short-term goal such as a car or your first home? Or do you want to set aside some funds and earn the best possible rate of interest while maintaining access to your money 'just in case' you may need it? No matter what your needs, we have a Term Deposit solution that is right for you.

With Scotiabank Term Deposits you enjoy:

  • Security – With Term Deposits, your initial investment (principal) is protected.

  • Predictable Returns – Term Deposits give you peace of mind with a guaranteed rate of interest for the term selected.

  • Flexibility – Whether fixed or cashable, short or long term, Term Deposits give you the flexibility to decide what's right for you. A range of currency options is also available.

  • Higher Returns – Enjoy the potential for higher interest rates when you save for the longer term.

  • Scotiabank's Term Deposit options:

    Fixed Term

    • Highest available guaranteed rate of interest
    • Interest payment annually or at maturity
    • Available in multiple currencies
    • Available terms from 31 days to five years

    Find Out More, Fixed Term
    Fixed Term - Monthly Income

    • Regular monthly income
    • Higher rate of interest
    • Available terms from one year to five years
    • Available in multiple currencies- USD, JMD

    Find Out More, Fixed Term - Monthly Income
    Rate Booster

    • Increasing rate the longer you stay invested
    • Access to your savings at designated times if you need it
    • Flexibility to respond to rising interest rates
    • Available terms: 18 months or 3 years

    Find Out More, Rate Booster

    • Access to your savings anytime (after 31 days)
    • Competitive rate of interest
    • One year term available
    • Available in multiple currencies

    Find Out More, Cashable
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