Term Deposits
A Guaranteed Way To Save
There are few guarantees in life, so your Credit Union offers a variety of term deposits with a guaranteed return and competitive rates. Certificate terms range from 30 days to 5 years and offer very competitive rates. They earn higher interest than a regular savings account and are eligible for registered plan investments.
Become a REWARDS member by simply having your total pay or pension deposited to a Credit Union chequing account, and you will earn even more in interest with higher rates.
BENEFITS AND FEATURES - They're secure! Your investment has a guaranteed return and is protected by the Deposit Insurance Corporation of Ontario for all Canadian dollar deposits up to $100,000
- Competitive rates!
- Low minimum balance! Only $1,000
- Convenient term lengths! Certificates range from 30 days to 5 years
- Interest is paid at maturity on term deposits one year and less
- Two- to-five-year term deposits are paid interest annually (interest can compound in the term deposit or be deposited directly into a Credit Union account of your choice)
- Funds cannot be withdrawn before maturity, however, preferred interest rate loans are available
 | Cashable Term Deposits
A great way to save without locking in!
Cashable Term Deposits from the Credit Union offer a safe investment with a super high rate as well as the flexibility to access your cash at anytime. Like term deposits, your principal is guaranteed so your savings are secure. What’s more, Cashable Term Deposits are redeemable any time. Cash it after six months and you will enjoy full interest paid out at the superior rate this investment offers. It’s the perfect combination to grow your savings faster.
BENEFITS AND FEATURES
- Interest is paid upon maturity
- Cash it after 6 months and full interest is paid
- Cash it before 6 months and no interest is paid
- Minimum $5,000 deposit
 The Savings and Investment Calculator
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