Valley First

Term Deposits - Redeemable

This term deposit investment is for you if:

  • you're looking for a low risk term deposit investment with a guaranteed return.
  • you want maximum flexibility in an investment—fixed or variable terms and
    a variety of maturity options.
  • you want to save money but you want access to it when you need it
    —you never know when the dryer will go.

Overview

Redeemable Options

Want the security of knowing you can access your funds should you need them—without penalty? Consider the following redeemable term deposit options:

  • 12-Month Cashable
  • Short Term Redeemable
  • Long Term Redeemable
  • StepUp® 9Plus9
  • StepUp® 18Plus18
  • Primelink term deposits—available at select times
  • TOP5 term deposits—available at select times
  • US Term Deposits

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.†

 

†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.

Short Term

Product Options

12-Month Cashable

Our 12-Month cashable term deposit allows you to invest your money for a short period of time and still earn an attractive interest rate.

Key features & benefits:

  • Fully cashable after the first 30 days so that you can access your money at any time for unexpected emergencies or other investment opportunities (if cashed after 30 days, you will still receive interest with no penalty).
  • Low minimum deposit ($1,000 non-registered; $500 registered; $100 juniors) with no maximum limit.
  • Available as a registered product so you can tax shelter the interest you earn.
  • Automatic renewal.
  • Interest is paid annually to the term deposit so you can earn more because of compounding interest.
  • Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia†

Short Term Redeemable

Our short term redeemable term deposit allows you to invest your money for a short period of time and still earn an attractive interest rate.

Key features & benefits:

  • Available for periods up to 364 days.
  • Fully cashable after 180 days with reduced rate.
  • Low minimum deposit ($1,000 non-registered; $500 registered; $100 juniors) with no maximum limit.
  • Tax sheltered growth: RSP, TFSA and RIF eligible.
  • Interest is paid at maturity to term deposit or to demand account.
  • Automatic renewals.
  • Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia†

 

†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.

Long Term

Product Options

Long Term Redeemable

Enjoy guaranteed growth with a long term redeemable term deposit.

Key features & benefits:

  • 1-5 year term lengths
  • Fully cashable after 180 days with reduced rate
  • Low minimum deposit ($1,000; $100 juniors) with no maximum limit
  • Tax sheltered growth: RSP, RIF, LIF and TFSA eligible
  • Interest paid annually to the term deposit or to the demand account
  • Automatic renewals
  • Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia†

 

StepUp® 9Plus9
StepUp® 18Plus18

StepUp® Term Deposits offer guaranteed growth with a two-tiered escalating interest rate.

Key features & benefits:

  • Two-tiered interest rate with an increase halfway through the term
  • Fully cashable
  • Interest paid annually
  • Low minimum deposit with no maximum
  • Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia†

 

Primelink — available at select times

Get the security of a guaranteed deposit with a prime-linked interest rate. So that wherever prime goes, your returns follow.

Key features & benefits:

  • Fully redeemable 7 days before or after the anniversary date
  • Minimum deposit $500
  • Tax sheltered growth: TFSA, RSP, RIF and LIF eligible
  • Interest paid annually to the term deposit or to the demand account
  • Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia†

 

TOP5 — available at select times

Your rate is reset on each anniversary date to the best five-year rate at that time or the guaranteed rate. Don’t worry! It will never fall below your guaranteed rate.

Key features & benefits:

  • 5-year term length so you can take advantage of a great rate over a longer period of time
  • You have the option to withdraw up to 20% of your original deposit without penalty, once, anytime during the 5-year term
  • Interest paid annually
  • RSP and TFSA eligible
  • Available as a registered product (minimum deposit of $500) so you can tax shelter the interest you earn
  • Rate is reset annually (on the anniversary date) to the current 5-year non-redeemable term rate or the guaranteed rate (whichever is higher)

 

†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.

Rates

Our Current Rates

Current Specials (Rates effective 2017-01-03) Rates
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%
CASHABLE (non-registered, RSP, TFSA, RIF, LIF) (Rates effective 2017-02-07) Rates
StepUp® 9Plus9 - first 9 months 0.50%
StepUp® 9Plus9 - second 9 months 2.30%
StepUp® 9Plus9 - average rate 1.40%
12-Month Cashable (redeemable after 30 days) 0.65%
StepUp® 18Plus18 - first 18 months 0.50%
StepUp® 18Plus18 - second 18 months 2.80%
StepUp® 18Plus18 - average rate 1.65%
REDEEMABLE (non-registered, RSP, TFSA, RESP, RIF, LIF) (Rates effective 2017-02-07) Rates
1 year 0.70%
2 year 0.85%
3 year 0.90%
4 year 1.00%
5 year 1.25%

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

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