Term Deposits
TCU Term deposits provide low risk, flexibility and competitive rates. They are ideal to balance out your savings and investment portfolio as well as providing an extra sense of security for those requiring some fixed investment income.
Non-registered term deposits or term deposits held inside of a Tax Free Savings Account (TFSA) can be used for security on a loan.
Our current rates can be found on our Investment Rates page.
TCU offers the following options:
For members wanting an investment option with a guaranteed rate of return and secure principal, a non-redeemable term deposit is the answer.
Not sure if you are going to need access to your funds but want to earn more interest than a savings account offers? A cashable term may be the solution for you.
Progressive term deposits are a long term investment option with an interest rate that increases each year while keeping your principal secure.
| Long Term (Term/RRSP/TFSA/RRIF) | Rates |
|---|---|
| 1 Year Cashable | 0.30% |
| 1 Year Non-Redeemable | 0.45% |
| 2 Year Non-Redeemable | 0.50% |
| 3 Year Non-Redeemable | 0.60% |
| 4 Year Non-Redeemable | 0.75% |
| 5 Year Non-Redeemable | 0.85% |
| 3 Year Progressive (Term/RRSP/TFSA/RRIF) | Rates |
|---|---|
| Year 1 | 0.40% |
| Year 2 | 0.55% |
| Year 3 | 0.80% |
| Effective Rate | 0.583% |
| 5 Year Progressive (Term/RRSP/TFSA/RRIF) | Rates |
|---|---|
| Year 1 | 0.40% |
| Year 2 | 0.60% |
| Year 3 | 0.85% |
| Year 4 | 1.00% |
| Year 5 | 1.20% |
| Effective Rate | 0.810% |
| Variable Rate (RRSP/TFSA/RRIF) | Rates |
|---|---|
| Variable Rate RRSP/RRIF | 0.250% |
| Variable Rate TFSA | 0.100% |
*Some conditions apply. Limited time offer. Contact us for more details.
