​​​TERM DEPOSITS

*Both Non-registered and Registered Options Available

Invest worry-free with a Term Deposit.

A Term Deposit (also known as a Guaranteed Investment Certificate, or GIC) gives you a competitive return and the flexibility to access your money after the term is over.  It’s a win-win.

Non-Registered Term Deposit Options:

​Non-registered simply means the investment does not receive the tax benefits of registered plans.  That also means they don’t have the same restrictions.  We offer a mix of term lengths, deposit amounts, saving options, and competitive interest rates.  You have access to a full spectrum of investment products, wealth management expertise, plus the personal attention that comes with being a member-owner. 

You can also use your investment as security to obtain a better loan rate, and members are eligible for cash rebates through our Patronage Program.

Read more about each Term Deposit option by clicking the name in the left-hand menu below.

 

1-60 Month Term Deposit

Overview:

The 1-60 month Term Deposit is an investment with competitive interest for a fixed period. Since the rate is locked in, you know what your growth will be.

Recommended for:

Individuals 18 years and older looking for a long- or short-term investment with a guaranteed rate, so you know what your growth will be.

 

Affordable:
  • You can start your investment with as little as $1,000
  • All deposits are free
  • No service fees to deposit or withdraw at maturity
Interest Rate:
  • Competitive Fixed Interest Rates so you know what your growth will be
  • Interest is compounded at maturity on short term investments
  • Interest is compounded annually on long term investments, increasing the growth of your investment
Options:
  • Choose a term to meet your needs: Short term from 30-364 days or Long term from 1-5 years
  • On maturity date, the deposit will automatically renew for a like term at the current rates, unless you advise our office otherwise
  • Investment is redeemable, with a penalty
Secure:
  • All deposits are fully guaranteed by the Credit Union Deposit Guarantee Corporation - no matter the amount
  • Your rate of return is guaranteed

 

CU BONUS BUILDER® Term Deposit

Overview:

The CU Bonus Builder® is a 5-year investment with a guaranteed escalating interest rate, and is available from January 15 until March 1 of each year.  This investment provides a guaranteed interest rate with the flexibility to redeem the deposit on the anniversary date without penalty.  The escalating interest rate allows you to take advantage of increased rates.  Since the rate is locked in, you will know what your growth will be. 

Recommended for:

Individuals 18 years and older who are looking for a guaranteed investment with a guaranteed rate that increases each year, so you know what your growth will be. 

   

Affordable:
  • You can start your investment with as little as $1,000
  • All deposits are free
  • No service fees to deposit or withdraw at maturity
Interest Rate:
  • Competitive Fixed Interest Rates so you know what your growth will be
  • Interest Rate increases each year
  • Interest may be compounded annually increasing the growth of your investment

Options:

  • Choose if you would like the interest paid into an account annually on the Anniversary Date or have it compound to the term deposit
  • Choose where you want the funds to go upon maturity: credited to an account of your choice or automatically renew for a like term at the current rates
Secure:
  • All deposits are fully guaranteed by the Credit Union Deposit Guarantee Corporation - no matter the amount
  • Your rate of return is guaranteed

    

Sunlight Premium Term Deposit

Overview:

The Sunlight Premium Term Deposit is a 5-year investment with a guaranteed interest rate, and is only available from June 15 to July 15 of each year.  This investment provides a guaranteed interest rate with the flexibility to redeem the deposit on the anniversary date without penalty.  The escalating interest rate allows you to take advantage of increased rates and since the rate is locked in, you know what your growth will be.

Recommended for:

Individuals 18 years and older looking for the security of a guaranteed interest rate and the flexibility of annual redemption without penalty. 

    

Affordable:
  • You can start your investment with as little as $1,000
  • All deposits are free
  • No service fees to deposit or withdraw at maturity
Interest Rate:
  • Competitive escalating, fixed interest rate
  • Guaranteed Rate of Return
  • Interest paid annually  
Options:
  • Redeemable annually on the Anniversary Date without penalty
  • Choose how you would  like your interest paid:  into an account of your choice or compounded to the term deposit
  • Choose where you want the funds to go upon maturity: credited to an account of your choice or automatically renew for a like term at the current rates
Secure:
  • All deposits are fully guaranteed by the Credit Union Deposit Guarantee Corporation - no matter the amount
  • Your rate of return is guaranteed

  

Harvest Term Deposit

Overview:

The Harvest Term deposit is an investment that is available in the fall from October 15 to December 1 of each year. This investment is a 1 year term with a guaranteed rate, which is redeemable anytime with full interest paid.

Recommended for:

Individuals 18 years and older who are looking for an investment with a guaranteed rate, with the flexibility to redeem anytime without penalty.

    

Affordable:
  • You can start your investment with as little as $1,000
  • All deposits are free
  • No service fees to deposit or withdraw at maturity
Interest Rate:
  • Competitive fixed interest rate
  • Guaranteed interest rate 
Options:
  • Redeemable at any time with full interest
  • Choose how you would  like your interest paid: into an account of your choice or compounded to the term deposit
  • Choose where you want the funds to go upon maturity: credited to an account of your choice or automatically renew for a like term at the current rates
Secure:
  • All deposits are fully guaranteed by the Credit Union Deposit Guarantee Corporation - no matter the amount
  • Your rate of return is guaranteed

  

Harvest Premium Term Deposit

Overview:

The Harvest Premium Term Deposit is a 5-year investment with a guaranteed escalating interest rate, and is only available from October 15 to December 1 of each year.  This investment provides a guaranteed interest rate, with the flexibility to redeem the deposit on the anniversary date without penalty.  The escalating interest rate allows you to take advantage of increased rates and since the rate is locked in, you know what your growth will be.

Recommended for:

Individuals 18 years and older looking for the security of a guaranteed interest rate and the flexibility of annual redemption without penalty. 

   

Affordable:
  • You can start your investment with as little as $1,000
  • All deposits are free
  • No service fees to deposit or withdraw at maturity
Interest Rate:
  • Competitive escalating, fixed interest rate
  • Guaranteed Rate of Return
  • Interest paid annually  
Options:
  • Redeemable annually on the Anniversary Date without penalty
  • Choose how you would  like your interest paid:  into an account of your choice or compounded to the term deposit
  • Choose where you want the funds to go upon maturity: credited to an account of your choice or automatically renew for a like term at the current rates
Secure:
  • All deposits are fully guaranteed by the Credit Union Deposit Guarantee Corporation - no matter the amount
  • Your rate of return is guaranteed

  

Index Linked Deposit

Overview:

The Index Linked Deposit is a 5-year non-redeemable investment with the potential for growth, like a stock market investment, while maintaining the security of a term deposit. This product offers returns based on the performance of individual stocks within an equity basket.  The rate of return is linked to the average monthly performance of the product offering and is paid at the end of the term.

Recommended for:

Individuals 18 years and older who are looking for an investment with a guaranteed deposit and the potential growth rate of the stock market.

   

Affordable:
  • You can start your investment with as little as $1,000
  • All deposits are free
  • No service fees to withdraw at maturity
  • No commission or management fees
Interest Rate:
  • Return based on the performance of the underlying stock market index providing potential for more growth, however there is no guarantee of a return 
  • Total growth is capped at 50% over the 5 year term
Options:
  • On maturity date, the deposit will automatically renew for a like term at the current rates, unless you advise our office otherwise
  • Multiple index options available
Secure:
  • The initial deposit, or principal, is fully guaranteed by the Credit Union Deposit Guarantee Corporation.
  • As the return on the deposit is linked to the performance of the stock market, the deposit guarantee only applies to the return if and when it is paid at maturity.
  • No risk to your principal investment

   

Wealth Accumulator Term Deposit

Overview:

The Wealth Accumulator Term Deposit is a 1-year investment that allows two withdrawals per year, offers competitive interest rates and allows you to make convenient, automatic, or manual deposits at any time.  

Recommended for:

Individuals 18 years and older looking for a flexible short-term investment option.

    

Affordable:
  • No initial deposit required
  • Minimal automatic transfer of $25
  • All deposits are free
  • No service fees to deposit or withdraw funds from the investment
Interest Rate:
  • Competitive fixed interest rate so you know what your growth will be
  • Guaranteed interest rate 
  • Interest is calculated daily and paid annually on the maturity date 
Options:
  • Set up scheduled automatic deposits at a frequency that suits you
  • Make additional deposits to the investment at any time, in any amount
  • You can make two withdrawals per year, each being no more than 50% of the principal value
  • Choose how you would  like your interest paid:  into an account of your choice or compounded to the term deposit
  • Choose where you want the funds to go upon maturity: credited to your account or automatically renew for a like term
Secure:
  • All deposits are fully guaranteed by the Credit Union Deposit Guarantee Corporation - no matter the amount
  • Your rate of return is guaranteed

​We also offer Registered Term Deposit Options

A registered plan allows you make deposits, and grow your savings tax free until withdrawal.  Contributions are not counted as taxable income.   We offer the following options for Registered Term Deposits:

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​TERM
DEPOSIT
RATES

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​​​​Not sure where to start?

Let our Investment Team help you decide! 

Our Investment Specialists will work with you to determine what Term Deposit option is best suited to help you reach your financial goals.