Term Deposits

TCU Term Deposits provide your business low risk, flexibility and competitive rates.  They are ideal to balance out your cash flow and, at the same time, earn competitive interest rates, all without risking your company’s cash flow. 

It is important to note some of the following conditions of our Term Deposits:

  • Minimum deposit: $500
  • Terms: 1 to 5 years
  • Interest: Interest may be compounded or paid out depending on the product selected.

Some of our more popular Term Deposits are as follows:

Cashable Term Deposits Expand/Collapse

1 year term that is cashable, in whole or in part, anytime after the first 30 days (without penalty)

Non-Redeemable Term Deposits Expand/Collapse

1 to 5 year terms that offer a higher interest rate than the cashable terms, but are not redeemable early (except upon death)

Progressive Term Deposits Expand/Collapse

3 or 5 year term with an interest rate that increases on each anniversary date 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.

Please call one of our Business Services Account Managers (1-877-828-4343), book an appointment online or visit one of our convenient branch locations to get more information on our various Term Deposits.

Our current Term Deposits rates can be found on our Investment Rates page. 


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