Island Savings

Term Deposits - Non-Redeemable

This term deposit investment is for you if:

  • you're looking for a low risk term deposit investment with a guaranteed return.
  • you like having many options to choose from.
  • you like the idea of putting money away for a rainy day.

Overview

Non-Redeemable Options

If you don’t think you will need access to your funds, consider maximizing your returns with the following non-redeemable term deposit options:

  • Short-term options
  • Long-term options
  • winwin® term deposits
  • U.S. dollar options

For details on these investment products, click on the "Short Term" or "Long Term" tabs on this page.


Plus, you can rest easy knowing that your deposits are 100% guaranteed.**

Short Term

Product Options

 

Short Term Non-Redeemable

This type of term deposit is ideal if you don’t have immediate plans for your money but want to earn an attractive rate of interest.

Key features & benefits:

  • Available for periods from 30 to 364 days
  • $500 minimum deposit with no maximum limit
  • Interest is paid at maturity of term
  • Choice of maturity options
  • Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia**

 

U.S. Dollar Short Term Non-Redeemable

U.S. dollar term deposits are available for terms of up to 364 days. This is a great option if you want to make short-term investments in U.S. dollars at an attractive rate of interest. And because your money is kept in U.S. dollars, you save money on foreign currency exchange fees, and it is easier to budget and pay for U.S. dollar expenditures.

Key features & benefits:

  • Interest is paid at maturity in U.S. funds
  • $500 minimum deposit with no maximum limit
  • Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia**

Long Term

Product Options

 

Long-term Non-Redeemable

This type of term deposit is the best way to maximize your return. The longer you choose to invest, the greater your interest rate.

Key features & benefits:

  • Term length is 1 to 5 years
  • $500 minimum deposit with no maximum limit
  • Interest is paid at maturity of term
  • Choice of maturity options
  • Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia**

 

winwin® Term Deposit

winwin® is an index-linked term deposit ideal for those seeking higher returns than a traditional term deposit without risking your initial investment in the market.

View winwin® details and rates

Key features & benefits:

  • Term length is 3 or 5 years
  • 100% initial investment guaranteed
  • $500 minimum deposit with no maximum limit
  • Minimum guaranteed interest paid annually
  • Choice of maturity options
  • This product is not RIF eligible
  • This product is strictly non-redeemable before its maturity date
  • Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia**

How winwin® term deposit works:

Guaranteed interest is calculated from the purchase date.

Index-related return:
Return is determined by the growth of the index from the opening index to the closing index. Even if the closing index value is lower than the opening index level, you'll still have your entire principal investment paid out at maturity. If the closing index value is higher than the opening index value, the winwin® term deposit will pay your principal investment plus all index-related returns above the minimum guaranteed return at maturity.

 

Rates

Our Promotional Rates*

Current Promotional Rates (Rates effective 2018-10-25) Rates
18-month non-redeemable 2.75%

Our Current Rates*

Non-Redeemable Term Deposits (Rates effective 2018-05-26) Rates
Non-Redeemable Term, 30 to 59 days 0.20%
Non-Redeemable Term, 60-89 days 0.20%
Non-Redeemable Term, 90 to 119 days 0.20%
Non-Redeemable Term, 120-179 days 0.20%
Non-Redeemable Term, 180 to 269 days 0.25%
Non-Redeemable Term, 270-364 days 0.25%
Non-Redeemable Term, 1 year 1.50%
Non-Redeemable Term, 2 year 1.65%
Non-Redeemable Term, 3 year 1.80%
Non-Redeemable Term, 4 year 2.00%
Non-Redeemable Term, 5 year 2.25%

 

*Rates are subject to change without notice. Interest rates are per annum. Interest compounds annually. Terms and conditions apply.

**The Credit Union Deposit Insurance Corporation of British Columbia, a statutory corporation, fully guarantees all BC credit union deposits. Credit Union equity shares and investments such as mutual funds or RSP equity plans are not covered by deposit insurance.

 

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