Term Deposits

Term Deposits provide a secure, worry-free investment for short or long-term funds. With flexible interest rates, investment terms, and automatic renewal options, Term Deposits provide a great way to save and earn money with a guarantee of principal and interest. Plus, deposits are insured under the terms of the Credit Union Deposit Insurance Corporation.


Redeemable Term Deposits

  • Term is for 1 year
  • Access to your money if you need it
  • Interest is accrued monthly and paid annually
  • No risk to your principal

Non-Redeemable Term Deposits

  • Funds are held on deposit for a specific period of 1 to 5 years.
  • Higher interest rate than regular savings
  • Competitive and special rates are available
  • Interest is accrued monthly and paid annually
  • No risk to your principal

Step-Up Term Deposits

  • 3-year term
  • Increase in interest rate each year
  • Minimum deposit is $1,000
  • Available on registered investments
  • Access to your money on each anniversary date
  • No risk to your principal

Index-Linked Term Deposits

  • Invest in stock markets without any risk to your principal.
  • Principal is guaranteed
  • No fees or commissions
  • Fixed term of 3 or 5 years
  • Rate of return is calculated on the performance of the TSE or G7 countries. (Global Index-Linked Term Deposits are only available at specified periods of time)
  • Click the year to view past performances of the 3 year and 5 year Index-Linked products

CDR- Credit Union Deposit Receipt

  • Funds are to be deposited for at least 90 days to receive interest
  • The interest rate is set monthly on the first business day of the month
  • Interest is payable semi-annually on March 31st and September 30th