Progressive Term Deposit

Progressive term deposits are a long term investment option with an interest rate that increases each year while keeping your principal secure.

Features

  • Guaranteed rate of return that increases each year.
  • Term length is three or five years.
  • Redeemable on each anniversary date (with no penalty).
  • Interest can compound or payout to your account annually dependent on the type.
  • View your balance through online or mobile banking.
  • Automatic renewal available.
  • Eligible for:

Notes

  • Minimum deposit amount is $500
  • Your deposits are fully guaranteed by Credit Union Deposit Guarantee Corporation
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