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Spring 2017 Newsletter.

2017 Holiday Schedule.

Mortgage FAQs.

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Consumer Identity Theft Checklist.

Investment Calculator shows the effects of inflation on investments and savings.

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Term Deposits

Term Deposits 1 to 5 Years

Fixed Rate Term Deposits (GIC) are available in terms of 1 to 5 years. The interest rate is fixed for the term of the deposit. A low minimum deposit enables you to easily add this instrument into your portfolio. Interest is paid annually. To ensure your funds continue working for you, at maturity the principal and interest will automatically be reinvested in a new deposit of the same term unless you direct us otherwise. You will receive a maturity notice prior to term renewal.

Highlights of the Fixed Rate Deposits - 1 to 5 Year terms include:

  • Minimum deposit of $500.

  • Terms available from one to five years.

  • Interest compounded and paid annually.

  • At maturity, the principal and interest will automatically be reinvested unless otherwise directed by the member.

Fixed Rate 5-Year Term Deposits

The Fixed Rate 5 Year Term Deposit (GIC) is a good financial tool for the saver who is seeking to achieve a longer term guaranteed rate of return. This is an excellent portfolio balancing option, providing stability to potentially volatile market driven investment portfolios. Interest can be paid into the depositors account either monthly, annually or upon maturity. The minimum deposit amount is $5000. To ensure your funds continue working for you, at maturity the principal and interest will automatically be reinvested in a new deposit of the same term unless you direct us otherwise. You will receive a maturity notice prior to term renewal.

Highlights of the 5 Year Fixed Rate Deposits include:

  • Each deposit must be a minimum of $5000

  • Interest can be paid into your savings account monthly, annually or on maturity.

  • At maturity, the principal and interest will automatically be reinvested unless otherwise directed by the member.

Short Term Deposits

Short-term deposits allow you to pick the term, from 30 to 364 days, that best meets your financial needs. Select the maturity that coincides with your plan. A low minimum deposit allows easy access to this savings tool. Interest is paid at maturity.

Highlights of Short Term Deposits include:

  • The minimum deposit is $500.

  • You select term from 30 to 364 days.

  • Interest is paid at maturity.

  • At maturity, the principal and interest will automatically be reinvested unless otherwise directed by the member.

 

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2017 Ontario Educational Credit Union
Suite 1, 6435 Edwards Blvd. | Mississauga, Ontario Canada L5T 2P7 | Tel: (905) 795-1637