Fixed Term GIC

Minimum deposit is $10,000. Earn higher interest with a Credit Union Fixed Term GIC. This investment is non-redeemable and interest is paid annually into either savings or chequing. A minimum deposit amount applies to Credit Union Fixed Term GICs.

Step-Up GIC

Minimum deposit is $10,000. With a Credit Union Step-Up GIC, every year of deposit, has its own unique interest rate - the longer the term taken, the higher the rate received for each year. This product can be redeemed only on maturity, or, on each anniversary date provided that 7 days prior notice is given. Maturity notices are mailed prior to Step-Up GIC maturity. Step-Up GICs pay interest annually to either savings or chequing and are renewable only upon request. A minimum deposit amount applies to Credit Union Step-Up GICs.

Short term deposits

Minimum deposit is $ 1,000. The terms are 30, 60 and 90 days. Interest can be added to the existing deposit or transferred to any other account. As the deposits are locked-in, withdrawal of money before the deposit's maturity will effect a loss of interest. Short term deposits are also available in US currency.

Long term deposits

Minimum deposit is $1,000. The terms are 180 or 270 days and 1 - 7 years. Interest can be added to the existing deposit or transferred to any other account. These deposits are also locked-in and any withdrawal before the deposit's maturity effects a loss of interest. These deposits are also available in US currency for 180, or 270 day and 1 year terms.