Island Savings

Term Deposit Rates

Our Current Rates

Promotional Investment Rates

(Rates effective 03-01-2017)
15 month non-redeemable term deposit 1.50%
StepUp® 18Plus18 - first 18 months 0.50%
StepUp® 18Plus18 - second 18 months 2.80%
StepUp® 18Plus18 - average rate 1.65%

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Non-Redeemable

(Rates effective 07-02-2017)
Non-registered, RSP, TFSA, RESP, RIF, LIF
30-89 days 0.20%
90-179 days 0.20%
180-364 days 0.25%
1 year 0.95%
18 months 1.05%
2 year 1.10%
3 year 1.15%
4 year 1.25%
5 year 1.50%

Cashable

(Rates effective 07-02-2017)
Non-registered, RSP, TFSA, RIF, LIF
StepUp® 9Plus9 (first 9 months) 0.50%
StepUp® 9Plus9 (second 9 months) 2.30%
StepUp® 9Plus9 (average rate) 1.40%
StepUp® 18Plus18 (first 18 months) 0.50%
StepUp® 18Plus18 (second 18 months) 2.80%
StepUp® 18Plus18 (average rate) 1.65%
Cashable Term, 30 to 89 days (after 30 days without penalty) 0.20%
Cashable Term, 90 to 179 days (after 30 days without penalty) 0.20%
Cashable Term, 180 to 364 days (after 30 days without penalty) 0.25%
Cashable Term, 1 year (after 30 days without penalty) 0.65%
Cashable Term, 18 months (after 30 days without penalty) 0.65%
Cashable Term, 1 year (after 90 days without penalty) 0.70%
Cashable Term, 18 months (after 90 days without penalty) 0.70%
Cashable Term, 1 year (cashable at anytime with 0.50% penalty) 0.95%

Convertible

(Rates effective 07-02-2017)
Non-registered, RSP
Convertible Term, 90 days 0.20%
Convertible Term, 1 year 0.70%
Convertible Term, 2 year 0.85%
Convertible Term, 3 year 0.90%
Convertible Term, 4 year 1.00%
Convertible Term, 5 year 1.25%

Escalator Non-Redeemable

(Rates effective 07-02-2017)
Non-registered, RSP
3 Year Escalator - Year 1 1.00% *
3 Year Escalator - Year 2 1.00% *
3 Year Escalator - Year 3 2.50% *
3 Year Escalator - Average Annual Yield 1.50% *
5 Year Escalator - Year 1 0.85% *
5 Year Escalator - Year 2 1.40% *
5 Year Escalator - Year 3 1.55% *
5 Year Escalator - Year 4 1.80% *
5 Year Escalator - Year 5 2.90% *
5 Year Escalator - Average Annual Yield 1.70% *

U.S. Term Deposits

(Rates effective 16-12-2014)
30-89 days 0.05%
90-179 days 0.15%
180-364 days 0.40%
1 year 0.40%
2 year 0.45%
3 year 0.55%
4 year 0.75%
5 year 1.10%

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

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

*3 year Escalator is convertible upon its anniversary. 5 year Escalator is redeemable upon its anniversary.