Investments

 

Term Deposits

  • $500 minimum investment
  • Redeemable prior to maturity at a reduced interest rate
  • Terms ranging from 1 to 5 years
  • 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

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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