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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, online, 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.
Features:
- $500.00 minimum deposit
- 5 year term
- Optional renewal at maturity
- Redeemable on each anniversary
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
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