Term Deposit

An investment account where members can deposit money to for a certain length of time at a guaranteed rate of return.

Growth: Expand/Collapse

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

"Your rate of return is guaranteed."
- Guaranteed rates until maturity.

"You can start your investment with a small amount."
- Minimum amount of $500.

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

Flexible: Expand/Collapse

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

"You can choose to have the interest paid to an account of your choice."
- Interest compounded annually* or Interest payout option.

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:

* Monthly for senior members.
- View Term Deposit rates.

Who might benefit from this product/ service?

Any member with excess funds in their savings or chequing accounts.

Key Tools and Resources

Helpful Videos

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What is a mutual fund?

This video will briefly explain what a mutual fund is and how it works. We'll show you how investing in a mutual fund with Credential Asset Management Inc. at Synergy Credit Union can be beneficial for you - in both the short term and long term.
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How much is enough?

Breaking down a commonly asked question: how much is enough for retirement?
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Understanding inflation

What is inflation? What does inflation mean for your purchasing power? How does it effect your savings?

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