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Term Deposits

Lock in your savings and watch them grow – worry free.

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Why invest in a term deposit?

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Worry-free investment

Earn guaranteed interest on your investment without any risk of losing your principal.

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Flexible options

Choose from a variety of investment terms and interest rates to suit your specific needs.

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Fully insured

Feel secure in your investment with insurance provided by the Credit Union Deposit Insurance Corporation.

Maximize your funds

Non-Redeemable Term Deposits

Perfect for you if…

you prefer a low-risk investment and are looking for a guaranteed return.

KEY FEATURES
  • Funds are deposited for a designated term ranging from 1 to 5 years

  • A higher interest rate compared to standard savings accounts

  • Access to competitive and exclusive rates

  • Interest is calculated daily and paid out annually

  • Your principal remains risk-free

Escalator Term Deposits

Perfect for you if…

you're saving for a goal that's a few years away and want the security of growing interest rate over time.

KEY FEATURES
  • Term duration is 3 years
  • Annual increase in interest rate
  • Daily interest accrual, paid out annually
  • Minimum deposit requirement of $1,000
  • Applicable for registered investments
  • Access to funds on each anniversary date
  • Principal amount is fully protected

Index-Linked Term Deposits

Perfect for you if…

you are looking for a safer, more conservative investment that offers the potential for higher returns

KEY FEATURES
  • Invest in the stock market while protecting your principal from any risk.
  • Your principal is guaranteed.
  • There are no fees or commissions involved.
  • Choose a fixed term of either 3 or 5 years.
  • The return rate is based on the performance of the TSE or G7 countries. (Global Index-Linked Term Deposits are only accessible during specific periods.)
  • Click on the year to see the historical performance of the 3-year and 5-year Index-Linked products.

Redeemable Term Deposits

Perfect for you if…

you want a fixed return but still need some flexibility.

KEY FEATURES
  • The term lasts for one year.
  • You can access your funds whenever necessary.
  • Interest accumulates daily and is paid out annually.
  • There is no risk to your principal amount.

Investing rates

Take a look at the latest, competitive rates on offer for our term deposits.

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Get your term deposit more ways

Not sure which term deposit is right for you?

We’ll be happy to help you pinpoint the option that best suits your goals.

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Talk to someone invested in you.

We provide financial expertise along with a comprehensive selection of investment options designed to help you reach your goals, which include:

  • Registered Retirement Savings Plans (RRSPs)
  • Tax-Free Savings Accounts (TFSAs)
  • First Home Savings Accounts (FHSAs)
  • Registered Education Savings Plan (RESPs)
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