Term Deposits
- $500 minimum investment
- Redeemable prior to maturity at a reduced interest rate
- Terms ranging from 30 to 364 days as well as 1 to 5 year terms
- Interest paid on maturity if less than 1 year or paid annually if longer than 1 year
- 100% guaranteed by the Credit Union Deposit Guarantee Corporation
Guaranteed Investment Certificate (G.I.C.)
- $500 minimum investment
- Non-redeemable prior to maturity
- Terms range from 1 to 5 years
- Interest may be paid monthly, semi-annually or annually
- Interest may be compounded annually.
- 100% guaranteed by the Credit Union Deposit Guarantee Corporation
Cashable GIC
- $500 minimum investment
- One year term cashable after 30 days with no reduction of interest rate
- Encashment prior to 30 days from date of investment results in no interest earned
- 100% guaranteed by the Credit Union Deposit Guarantee Corporation
Progressive GIC
- $500 minimum investment
- 5 year term
- Redeemable in full or in part on anniversary date each year
- Progressive interest rate structure
- Interest compounded or paid annually
- 100% guaranteed by the Credit Union Deposit Guarantee Corporation
US Dollar Short Term GIC
- $1000 minimum investment
- 30, 60, 90, 180, & 365 day terms available
- GIC’s are non redeemable prior to maturity
- 100% guaranteed by the Credit Union Deposit Guarantee Corporation
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