Term Deposits Offering a Competitive Guaranteed Rate of Interest
An excellent vehicle for funds which are not
required in the immediate future. Offers a competitive guaranteed rate of interest. Current Interest Rates...
Short Term
Deposit
(not offered for RRSP/RRIF) Minimum deposit: $5,000 Terms: 30 to 364 days Interest: Paid on maturity
Funds placed in Short Term Deposits are redeemable only at maturity.
Long Term Deposit Minimum deposit: $500 Terms: 1 to 5 years Interest: Choose how you wish to receive your interest - compound to the term or
credit to another account.
Funds invested in long term deposits may be invested in
the following options.
you are looking for
security of principal and a guaranteed rate of return.
you have funds
which you will not be needing in the immediate future and you wish to earn a higher rate
of interest than regular savings accounts.
All funds on deposit with
TCU Financial Group are fully guaranteed - with no limit - by the Credit Union Deposit
Guarantee Corporation.
Cashable Term Deposits
A one year term that is cashable, in whole or in part, anytime after
30 days, without penalty.
Non-Redeemable Term Deposits
A one to five year term that offers a higher interest rate than the
cashable terms, but is not redeemable early except upon death.
Progressive Term Deposits
A three or five year term with an interest rate that increases
once each year until the end of the term. Interest rates apply to
the entire balance of the term deposit for a specified time period.
Progressive Terms are redeemable annually on the anniversary date
with no penalty.
Indexed Linked Term Deposit
(not offered for RRIF)
A three or five year non-redeemable term deposit in which the rate
of return is linked to the average monthly performance of various
market indexes or stocks. Five options are offered: Prairies
Basket, Global Market, MarketFlex, American Market, and Canadian
Small Cap. The principal balance is guaranteed with the actual
rate of return paid at maturity.
