Term deposits, also known as GICs, are low-risk investments that are well suited for short-term savings goals and can also fit in your long-term investment plans.
Earn a guaranteed rate of return with the flexibility to access your money at any time after 30 days.
Lock your savings in for a set length of time. Your interest rate is fixed for the term, no matter what the market is doing.
Get a guaranteed minimum return with the potential to earn higher returns based on the stock-market .
Your original deposit and interest rate are guaranteed†, just like they would be in a regular savings account.
Choose the term length you want and whether to lock in your money or have easy access to it anytime.
$500 is all it takes to get you started and there are no maximum deposit limits.
Term deposits are ideal when you don't have immediate plans for your money, but want to start earning a return nonetheless.
Most of our term deposits can be held within a registered plan, like an RRSP or a TFSA.
Term deposits have higher interests than most savings accounts. And with a fixed rate, you'll know exactly how much you'll earn.
Book an appointment with one of our advisors and let us help take your financial plan to the next level.
You can purchase 12-month non-registered cashable term deposits as well as all 1 to 5 year non-registered non-redeemable terms online. It's simple, just log in to online banking and select 'Open an Account'. Contact us to purchase any of our registered products.
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 some interest on it.
Key features & benefits:
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. Since your money is kept in U.S. dollars, you save money on foreign currency exchange fees, making it easier to budget and pay for U.S. dollar expenditures.
Key features & benefits:
This type of term deposit is the best way to maximize your guaranteed return. The longer you choose to invest, the greater your interest rate will be.
Key features & benefits:
†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 RRSP equity plans are not covered by deposit insurance.
You can purchase 12-month non-registered cashable term deposits as well as all 1 to 5 year non-registered non-redeemable terms online. It's simple, just log in to online banking and select 'Open an Account'. Contact us to purchase any of our registered products.
12-Month Cashable
Our 12-Month Cashable term deposit allows you to invest your money for a short period of time and still earn a decent interest rate.
Key features & benefits:
StepUp® term deposits offer guaranteed growth with a two-tiered escalating interest rate.
Key features & benefits:
Get the security of a guaranteed deposit with a prime-linked interest rate. Wherever prime goes, your returns follow.
Key features & benefits:
StepUp® and PRIMECONNECT™ are trademarks of First West Credit Union.
†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.
Invest in the market with peace of mind. winwin® is a market-linked term deposit/GIC ideal for those seeking higher returns than a traditional term deposit without risking their principal investment in the stock market.
All of our market-linked term deposits offer:
Choose your market-linked GIC:
An investment linked to 8 equally weighted major Canadian financial & insurance institutions.
Investment linked to 20 international companies, carefully screened for demonstrated commitment to reducing the environmental impact of their operations.
winwin® Financial Services and winwin EarthLink™ are trademarks of First West Credit Union.
†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.
You can purchase 12-month non-registered cashable term deposits as well as all 1 to 5 year non-registered non-redeemable terms online. It's simple, just log in to online banking and select 'Open an Account'. Contact us to purchase any of our registered products.
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market-linked term deposits (registered/non-registered) | rate |
---|---|
winwin EarthLink™ | 15.00%* |
winwin® Financial Services | 15.00%* |
*Maximum potential cumulative 5-year rate.
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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.
winwin EarthLink™ terms and conditions / winwin® Financial Services terms and conditions
PRIMECONNECT™ interest rate is per annum and is linked to the First West Credit Union prime rate.
15.00%* 5-year maximum potential return with the winwin EarthLink™ GIC.