TERM DEPOSITS

                    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 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 Member Rewards program.

Read more about each Term Deposit option by clicking the name in the menu below to expand more information.

1 – 60 MONTH
CU BONUS BUILDER®

1-60 Month Term Deposit:

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:

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:

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

Flex Term Deposit:

The Flex Term deposit 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:

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:

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:

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:

RRSP Term Deposit (Variable, 1-60 Month, CU BONUS BUILDER®, Index Linked Deposit)
RRIF Term Deposit (Variable, 1-60 Month, CU BONUS BUILDER®)
TFSA Term Deposit (Variable, 1-60 Month, CU BONUS BUILDER®, Index Linked Deposit)

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.

CALL TO DISCUSS YOUR OPTIONS WITH AN INVESTMENT SPECIALIST

TERM DEPOSITS

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:

View our current TERM DEPOSIT RATES

We also offer Registered Term Deposit Options

TERM DEPOSITS​

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:

View our current TERM DEPOSIT RATES

We also offer Registered Term Deposit Options

TERM DEPOSITS