Term Deposits

Promotional Rates (Rates effective 2018-12-18) Rates
120 Day Term Deposit 2.20%
1 Year Term Deposit 2.50%
18 Month Term Deposit 2.80%
32 Month Term Deposit 3.00%
4 Year Term Deposit 3.05%
120 Days: Special promotional rate may be changed or withdrawn at any time without notice. Available for new deposits only or new registered contributions which can include existing funds on deposit. Existing term deposits cannot be broken to receive this offer. Simple interest calculated on the principal amount for the number of days in the term deposit and paid at maturity (principal x rate x number of days / 365 days). Rate shown for annual interest. Minimum investment $500; Maximum investment $500,000. Cashable upon maturity only. Available to personal accounts only. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date. 

1 Year: Special promotional rate may be changed or withdrawn at any time without notice. Existing term deposits cannot be broken to receive this offer. Rate shown for annual interest. Annual compound interest paid monthly or annually. Minimum investment $500 ; Maximum investment $500,000. Cashable upon maturity only. Available to personal and non-personal accounts. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date. 

18, 32 Months and 4 Year: Special promotional rate may be changed or withdrawn at any time without notice. Existing term deposits cannot be broken to receive this offer. Rate shown for annual interest. Annual compound interest paid monthly or annually. Minimum investment $500. Cashable upon maturity only. Available to personal and non-personal accounts. Due to local and proxy caching on the Internet, please ensure that you are viewing rates as at the current day's date
Long Term Non-Redeemable Term Deposit (RRSP, RRIF, TFSA eligible) (Rates effective 2018-12-18) Rates
1 Year 2.00%
18 Month 2.05%
2 year 2.10%
3 Year 2.15%
4 Year 2.25%
5 Year 2.50%
3 year Escalating Rate Term Deposit (RRSP eligible) (Rates effective 2018-12-18) Rates
Year 1 Annual Interest 1.20%
Year 2 Annual Interest 1.40%
Year 3 Annual Interest 1.90%
Average rate 1.50%
5 year Escalating Rate Term Deposit (RRSP eligible) (Rates effective 2018-12-18) Rates
Year 1 Annual Interest 1.20%
Year 2 Annual Interest 1.40%
Year 3 Annual Interest 1.90%
Year 4 Annual Interest 3.50%
Year 5 Annual Interest 6.00%
Average rate 2.80%

Interest rates are subject to change without notice and are not guaranteed unless confirmed in-branch, or by phone, fax or email.  Interest rates are stated per annum. Interest on the 180 day term deposit is paid at maturity.  Interest on the 1-5 year term deposits is either compounded or paid annually. Escalating rate term deposit interest is compounded annually and paid at maturity.

Deposits in registered savings plans are fully insured.  Other Canadian dollar deposits are insured up to $100,000.  For further information on deposit insurance, please ask for a brochure at the credit union or call DICO at 1-800-268-6653 or log on to the website at www.dico.com
 

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