Index-Linked Term Deposit
Earn high returns linked to stock market performance.
With an Index-Linked Term Deposit you can potentially earn high returns linked to stock market performance over three or five years. Your initial investment is guaranteed and with no potential for loss, it helps keep your financial fitness strong. 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.
This is right for you if you…
- have a three to five year investment timeframe;
- want a higher return that the market can potentially provide without the risk;
- don’t need to access the funds for the investment term; and
- have a low tolerance for risk.
- There are two 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.
- Your initial investment is guaranteed.
- Interest is paid at final maturity.
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 TeleService at 1-877-WESTOBA or click here to make an appointment to make an Escalator Term Deposit part of your financial fitness routine.