If you're looking for guaranteed returns at higher rates of interest than a regular savings account, put your cash into a PACE term deposit.  You’ll have guaranteed returns with terms that can range from 30 days to 5 years, and your investment is government insured.

Benefits of Term Deposits

With a guaranteed return on the amount you invested, GICs are low-risk and perfect for building a balanced portfolio.

Interest and income: Registered Term Deposit lets you earn interest tax-free and guaranteed interest payments could give you a reliable source of income.

Customized savings: Flexible term lengths and interest rates that can be fixed, variable, or escalating make it easy to customize your investments.