GICs & Term Deposits
Foreign Currency GICs & Term Deposits
TD U.S. Dollar & Foreign Currency Term Deposits
TD U.S. Dollar & Foreign Currency Term Deposits are great investments for your foreign funds because they allow you to earn interest at a guaranteed rate. Plus, your money is protected against exchange rate fluctuations, so you don't have to worry about converting your funds to Canadian dollars on a regular basis.
What are the benefits of TD U.S. Dollar & Foreign Currency Term Deposits?
1. Safety and security
Your original investment and interest payments are guaranteed and direct obligations of The Toronto-Dominion Bank.
2. Competitive interest rates
These rates are guaranteed for the term of your investment.
3. Flexible terms
TD U.S. Dollar and Foreign Currency Term Deposits range from 30 days to 365 days.
4. Exposure to foreign currencies
Spread your money among some of the world's strongest currencies while protecting them against exchange rate fluctuations.
TD U.S. Dollar & Foreign Currency Term Deposits
Take a look at the U.S. Dollar & Foreign Currency Term Deposit options available to you.
Explore your TD U.S. Dollar & Foreign Currency Term Deposits options today
- Visit any TD Canada Trust Branch
- Or call 1-866-222-3456 to discuss your options
If you have an account with TD Canada Trust you can apply now!
A TD U.S. Dollar or Foreign Currency Term Deposit is a good investment option if you're looking to reach your savings goal in the:
Laddering Term Deposits
Find out how a laddered investment strategy can help you maximize returns.
TD has secure investment options for your U.S. Dollar & foreign funds
At TD you can explore the wide range of U.S. Dollar & Foreign Currency Term Deposits that can help you reach your savings goals. You still get the security that comes with earning guaranteed rates on your investment. Plus, you get to spread your money among some of the world's 7 strongest currencies:
- U.S. Dollar
- Euro
- Pounds Sterling
- Australian Dollar
- Swiss Franc
- New Zealand Dollar
- Hong Kong Dollar
| Currency* | Minimum
Investment |
Settlement | Liquidity |
|---|---|---|---|
| U.S Dollars | $5,000 for
30 to 369 days $100,000 for 1 to 369 days |
Same-day settlement | Cashable in full prior to maturity with NO interest paid |
| Euro | 25,000 EUR
30 to 369 days |
2-day settlement
(for purchase & sale) |
|
| Pound Sterling | 10,000 GBP
30 to 369 days |
2-day settlement
(for purchase & sale) |
|
| Australian Dollar | 25000 AUD
30 to 369 days |
2-day settlement
(for purchase & sale) |
|
| Swiss Franc | 25,000 CHF
30 to 369 days |
2-day settlement
(for purchase & sale) |
|
| New Zealand Dollar | 25,000 NZD
30 to 369 days |
2-day settlement
(for purchase & sale) |
|
| Hong Kong Dollar | 100,000 HKD
30 to 369 days |
2-day settlement
(for purchase & sale) |
What types of U.S. Dollar & Foreign Currency Term Deposits are available?
- TD U.S. Dollar Term Deposits
TD U.S. Dollar Term Deposits can be an excellent investment choice for your short-term savings goals in a non-registered account. They offer a competitive interest rate that is guaranteed for the term of the deposit. There is no withholding tax on interest income for non-residents.
Term Rates $5,000 to $24,999.99 30 - 59 days 60 - 89 days 90 - 119 days 120 - 179 days 180 - 269 days 270 - 369 days $25,000 to $99,999.99 30 - 59 days 60 - 89 days 90 - 119 days 120 - 179 days 180 - 269 days 270 - 369 days $100,000+ < 30 days 30 - 59 days 60 - 89 days 90 - 119 days 120 - 179 days 180 - 269 days 270 - 369 days
Minimum Investment: $5,000
Cashability:- Cashable with no interest prior to maturity
- In full, or partial while maintaining the minimum investment amount
Interest Payment Options:- Paid at maturity
Explore your TD U.S. Dollar & Foreign Currency Term Deposits options today
- Visit any TD Canada Trust Branch
- Or call 1-866-222-3456 to discuss your options
If you have an account with TD Canada Trust you can apply now!
- TD 1 Year US Dollar Cashable GIC
This US dollar investment features a 365 day term. You have the security of knowing your rate is guaranteed for the entire term, but should you change your investment goals or require access to funds, you can cash in your TD 1 Year US Dollar Cashable GIC after 30 days in full or in part, without penalty. For your convenience, the TD 1 Year US Dollar Cashable GIC will automatically renew Principal and Interest at maturity into a TD 1 Year US Dollar Cashable GIC ensuring that you don't miss a day of interest.
Term Rates for
Non-RegisteredRates for
RSP, RIF, RESP365 days 0.05% N/A
Non-registered Only
Minimum investment: $1,000
Cashability:- Cashable in full or in part after 30 days. Original contract rate applies to early cashing
- Minimum withdrawal amount of $1,000 and minimum remaining balance of $1,000
Interest Payment Options:- Simple interest1 paid at maturity
Explore your TD U.S. Dollar & Foreign Currency Term Deposits options today
- Visit any TD Canada Trust Branch
- Or call 1-866-222-3456 to discuss your options
If you have an account with TD Canada Trust you can apply now!
1 Interest is calculated only on the original principal and not on the sum of the principal plus accrued interest.
- TD U.S. Dollar GIC
TD U.S. Dollar non-registered GICs can be an excellent investment option for your long-term savings goals. They offer a competitive guaranteed interest rate for a specific term if you wish to lock in your U.S. funds. There is no withholding tax on interest income for non-residents.
U.S. Dollar GICs are not offered within an RSP; are not an insured deposit as defined by CDIC and are fully guaranteed by TD Bank Financial Group.
Product Name Term Rates U.S. Dollar GIC
(Long-Term and
Simple Interest)1 year 2 years 3 years 4 years 5 years
Minimum Investment: $1,000
Cashability:- Not cashable
Interest Payment Options:- Paid annually and at maturity
Explore your TD U.S. Dollar & Foreign Currency Term Deposits options today
- Visit any TD Canada Trust Branch
- Or call 1-866-222-3456 to discuss your options
If you have an account with TD Canada Trust you can apply now!
- Foreign Currency Term Deposits
Foreign Currency Term Deposits1 at TD Canada Trust are a secure investment for your foreign funds that can earn interest at a guaranteed rate.
Term Rates AUD Term Deposit
($25,000- $99,999)30 - 59 days Call for rates 60 - 89 days 0.25% 90 - 179 days 0.25% 180 - 269 days 0.60% 270 - 364 days 0.60% 365 - 369 days 0.60% AUD Term Deposit
($100,000+)30 - 59 days 0.50% 60 - 89 days 0.70% 90 - 179 days 0.70% 180 - 269 days 1.00% 270 - 364 days 1.00% 365 - 369 days 1.00% NZD Term Deposit
($25,000 - $99,999)30 - 59 days Call for rates 60 - 89 days 0.25% 90 - 179 days 0.25% 180 - 269 days 0.50% 270 - 364 days 0.50% 365 - 369 days 0.50% NZD Term Deposit
($100,000+)30 - 59 days 0.75% 60 - 89 days 0.75% 90 - 179 days 0.75% 180 - 269 days 1.00% 270 - 364 days 1.00% 365 - 369 days 1.00% Term Rates EUR Term Deposit
($25,000 - $ 99,999)30 - 59 days 0.00% 60 - 89 days 0.00% 90 - 179 days 0.00% 180 - 269 days 0.00% 270 - 364 days 0.00% 365 - 369 days 0.00% EUR Term Deposit
($100,000+)30 - 59 days 0.00% 60 - 89 days 0.00% 90 - 179 days 0.00% 180 - 269 days 0.00% 270 - 364 days 0.00% 365 - 369 days 0.00% Term Rates GBP Term Deposit
($100,000+)30 - 59 days 0.00% 60 - 89 days 0.00% 90 - 179 days 0.00% 180 - 269 days 0.05% 270 - 364 days 0.12% 365 - 369 days 0.15%
Euro
Minimum investment: 25,000 EUR 30 to 369 days
Settlement: 2-day settlement (for purchase & sale)
Cashability:- Cashable in full prior to maturity with NO interest paid
Interest Payment Options:- Simple interest2 is calculated on the principal amount and is paid at maturity
Pound Sterling
Minimum investment: 10,000 GBP 30 to 369 days
Settlement: 2-day settlement (for purchase & sale)
Cashability:- Cashable in full prior to maturity with NO interest paid
Interest Payment Options:- Simple interest2 is calculated on the principal amount and is paid at maturity
Australian Dollar
Minimum investment: 25,000 AUD 30 to 369 days
Settlement: 2-day settlement (for purchase & sale)
Cashability:- Cashable in full prior to maturity with NO interest paid
Interest Payment Options:- Simple interest2 is calculated on the principal amount and is paid at maturity
Swiss Franc
Minimum investment: 25,000 CHF 30 to 369 days
Settlement: 2-day settlement (for purchase & sale)
Cashability:- Cashable in full prior to maturity with NO interest paid
Interest Payment Options:- Simple interest2 is calculated on the principal amount and is paid at maturity
New Zealand Dollar
Minimum investment: 25,000 NZD 30 to 369 days
Settlement: 2-day settlement (for purchase & sale)
Cashability:- Cashable in full prior to maturity with NO interest paid
Interest Payment Options:- Simple interest2 is calculated on the principal amount and is paid at maturity
Hong Kong Dollar
Minimum investment: 100,000 HKD 30 to 369 days
Settlement: 2-day settlement (for purchase & sale)
Cashability:- Cashable in full prior to maturity with NO interest paid
Interest Payment Options:- Simple interest2 is calculated on the principal amount and is paid at maturity
Explore your TD U.S. Dollar & Foreign Currency Term Deposits options today
- Visit any TD Canada Trust Branch
- Or call 1-866-222-3456 to discuss your options
If you have an account with TD Canada Trust you can apply now!
1 U.S. Dollar & Foreign Currency Term Deposits are not offered within an RSP; are not an insured deposit as defined by CDIC and are direct obligations of The Toronto-Dominion Bank. Foreign Currency Term Deposits are subject to foreign exchange risk as the underlying currency may appreciate or depreciate during the investment term.
2 Simple interest is calculated on the principal amount and is paid at maturity.
Laddering Term Deposits
Find out how a laddered investment strategy can help you maximize returns.
Have some more questions?
Consult our Frequently Asked Questions.
Have a few questions?
We've provided answers to some of the most common questions people have about U.S. Dollar and Foreign Currency Term Deposits.
- Can I cash out early?
Yes, U.S. Dollar and Foreign Currency Term Deposits are cashable prior to maturity; your principal will be returned with no interest paid.
- Is my money locked in?
In order to earn interest on your U.S. Dollar or Foreign Currency Term Deposit, you must hold the investment to maturity.
- How are my earnings taxed?
A T5, NR4 or R3 will be issued based on your residency.
- Can I buy U.S. Dollar and Foreign Currency Term Deposits in registered accounts?
U.S. Dollar and Foreign Currency Term Deposits are not available through registered accounts.
- How often do term deposits rates change?
Term Deposit rates can change at any time subject to market conditions.
GIC & Term Deposit Glossary
Cashability
This refers to the ability to redeem your guaranteed investment for cash at your convenience and withdraw funds before the original maturity date.
Laddering
The strategy of purchasing a series of GICs with gradually increasing terms (usually from one to five years).
Principal
The initial amount invested in the GIC.
Return
The interest you may earn during the term of your investment.
Term
The period of the investment, which can range from 30 days to 5 years.
