DepositWise® Term Deposit

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

Growth: Expand/Collapse

"You know what your growth will be."
- Competitive rates.

"Your rate of return is guaranteed."
- Minimum amount of $5,000.

"Your investment will grow through compounding interest."
- Interest paid December 31 and on maturity.

"You have the opportunity for a rate bonus through profit sharing."
- Eligible for ProfitShares program.

Flexible: Expand/Collapse

"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 many different options."
- Terms available from 12 to 71 months.

Cost Savings: Expand/Collapse

"You can use your investment as security to obtain a better loan rate."
- Can be used as collateral.

Peace of Mind: Expand/Collapse

"You can rest assured knowing your money is safe."
- Deposits fully guaranteed by Credit Union Deposit Guarantee Corporation.

Additional Information:

- View Term Deposit rates.

Who might benefit from this product/service?

Any member with excess funds of a minimum of $5,000 on deposit requiring supplementary income. This product would be great for seniors or post-secondary students, who require a monthly income.

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

Key Tools and Resources

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