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Non-Registered Products: DepositWise® Term Deposit

Product in a Nutshell: (What is it?)

An investment which allows regular payout payments of earned interest and principal to your account.

Benefits

Features

Growth: “You know what your growth will be.”
- Competitive rates
- Premium rates for deposits $50,000 and over

”Your rate of return is guaranteed.”

- Guaranteed rates until maturity

“Your investment will grow through compounding interest.”

“You have the opportunity for a rate bonus through profit sharing.”
- Interest paid Dec 31 and on maturity


- Eligible for ProfitShares program
Flexible: “You can set up withdrawals to match your budget needs.”
- Choice of interest and principal payment set at time of application:
  • Monthly, quarterly, annually
“You have multiple options to choose from.”
- Terms available 12 to 84 months
Immediate or detailed information: "You have multiple ways of accessing account information or history."
- Monthly detailed statements
- In branch assistance
- Immediate access to online banking, telephone banking and mobile services
Cost Savings: “You can use your investment as security to obtain a better loan rate.”
- Can be used as collateral
Security: "You can rest assured knowing your money is safe."
- Your funds are fully guaranteed through our unlimited deposit guarantee.

Who might benefit from this product/ service?

Any member with a minimum of $5000 requiring supplementary income. This product would be great for seniors or students attending post secondary school and require a monthly income.

® DEPOSITWISE is a registered trade-mark owned by Credit Union Central of Canada, used under license.