Low interest cashbacks offered on Bank of Canada CDs, CDs and savings in Calgary

Calgary, AB –(BUSINESS WIRE)– The Canadian Bankers Association (CBA) today announced that all customers who use a CD, CD or savings account to make cash advances on Bank or TD Bank CDs or savings accounts are eligible for a $5 discount.

This offer will last for one year.

Customers who have cash on hand at the end of the one-year offer can make cash deposits with the same amount of interest, plus a $1 bonus.

The offer will be available on all CDs and accounts that were issued between January 1, 2015 and January 31, 2019.

Cash advances on cashback CDs are calculated on the average annual interest rate on the bank’s CD.

The CDs and savings accounts must be deposited with a Bank of Nova Scotia branch in the province.CDs can be used to make a cash advance of up to $5 per $100 of interest (or the difference between the deposit amount and the amount of the CD balance) on Bank CDs, TD Bank CD, and Scotia Savings Accounts.

This interest will be credited to your bank account and deposited into your checking or savings savings account as a cash deposit, subject to any conditions or restrictions in the terms of the savings account.

CDs can also be used on a TD Bank Savings Account.TD Bank CDs must be redeemed for cash on arrival and will not be eligible for this offer.

The Canadian Banker’s Association (CBSA) encourages customers to check their CDs, CD accounts, and savings with their bank.

Customers can also check their TD Bank and TD Bank savings accounts for cash advances.

The CBSA is also available to answer customer questions and assist with customer complaints.

For more information, visit www.cbsa.ca/investing.

To learn more about the CBSA, visit the Canada Banking Authority (CBAA) website.