Savvy Term Deposit
Take advantage of potential gains in the stock market with no downside risk to their principal
Fusion’s Savvy Term Deposit allows investors to take advantage of potential gains in the stock market with no downside risk to their principal. It combines the principal protection of a term deposit with the potential for growth that you would get in a mutual fund.
Fusion’s Savvy Term Deposit is also known as an Index-Linked Term Deposit. It’s a term deposit where the return does not come in the form of regular interest, but rather from the performance of an index.
Benefits for Fusion Members
Minimum deposit: $1,000. Term / Duration: 3 or 5 year term deposits offered every two months. Return based on performance of the S&P/TSX 60 Index & paid at maturity. Non-redeemable prior to maturity. In the event of death early redemption available with 0% return on investment.