Regular Term Deposits

A term deposit is a sum of money deposited for a fixed period of time, earning a fixed rate of interest over that time period. Term deposits pay a higher return than regular savings accounts. Current rate sheets are available at the Credit Union, or see one of our Investment Officers for complete details.

Features:

• $500.00 minimum deposit
• terms from 30 days to 5 years
• renew terms automatically at maturity

North Peace Premium Bond Term

The North Peace Premium Bond Term is a quality alternative to competitors GICs and Term Deposits. The Premium Bond features an attractive rate of return and the funds are available to you after only 60 days with no interest penalty. The North Peace Premium Bond Term is an RRSP/RIF eligible product.

Features:

• $500.00 minimum deposit
• 1 year term
• Optional renewal at maturity

Escalator Term

The Escalator Term is an easy way to automatically save money. It is a very flexible product as you are able to choose how much you would like to contribute, and the frequency of these contributions. It is the same rate of return as the North Peace Premium Bond.  The Escalator Term is an RRSP eligible product.

Features:

• $500.00 minimum deposit
• 1 year term
• Optional renewal at maturity
• Locked-in
• Automatic, flexible savings contributions
• Redeemable on the date of maturity

Multiplier Term

The Multiplier Term pays interest at a fixed rate for each one-year period and then steps up to a new, higher rate of interest for the next period. The Multiplier Term is an RRSP/RRIF eligible product

• $500.00 minimum deposit
• 5 year term
• Optional renewal at maturity
• Redeemable on each anniversary

EmpoweRate Term
The EmpoweRate Term pays a rate based on our EmpoweRate Mortgage.
Rates will fluctuate on a quarterly basis based on the rise and fall of mortgage rates.
The EmpoweRate Term is an RRSP/RRIF eligible product.

Features:

• $500.00 minimum deposit
• 5 year term
• Locked in for 90 days
• Redeemable after the first initial 90 days with a 90 day interest penalty
• Penalty calculated on the current interest rate
• Interest rate will adjust in the months of January, April, July, and October
  

Index-Linked Term Deposit

This unique Term Deposit lets investors enjoy the potential growth of 60 of Canada’s leading companies in leading industries, without risking your principal.

Features:

• $500.00 minimum deposit
• 5 year term
• Returns based on S&P/TSX 60 Index
• Maximum interest rate cap 50%
• No early redemptions allowed
• Original investment guaranteed