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 $500. 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 $500
-
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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