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winwin® FINANCIAL SERVICES GIC / TERM DEPOSIT


INVEST IN THE MARKET WITH PEACE OF MIND


A market-linked GIC offering a guaranteed minimum return and potential to earn more based on the stock market performance of Canadian financial and insurance services sectors.

 

    Principal investment protected

    Guaranteed minimum return

    Higher return potential

 

 
 
 

 

Benefit from the growth potential of eight carefully selected major Canadian financial and insurance institutions without exposure to any market downsides.

  • Term: 3 or 5 years
  • Minimum deposit: $500
  • Non-redeemable
  • Available for: Non-Registered, RRSP, TFSA
  • Deposits are 100% protected†
  • No commission or management fees while taking advantage of market potential

 

 


Rate of Return*

Sales period: Sep. 27 - Nov. 21, 2022


3 years5 years
Minimum guaranteed annual compound return equivalent1.00%1.00%
Minimum guaranteed cumulative return3.00%5.00%
Maximum potential annual compound return equivalent8.33%10.00%
Maximum potential cumulative return25.00%50.00%


*Rates as of September 27, 2022. winwin® Financial Services rates are cumulative over the entire 3 and 5 year terms. This product has a ceiling that determines the maximum return you may receive at maturity. Terms and conditions apply.

 
 
 

 

Additional details:

​​
Historical returns provided are for informational purposes, past performance is not indicative of future returns.

 

Term Issue date maturity date minimum guaranteed cumulative return maximum potential cumulative return actual return received by member equivalent annual compound return
3 year Aug 9, 2019 Aug 9, 2022 1.50% 12.00% 12.00% 3.850%
3 year Jun 7, 2019 Jun 7, 2022 1.50% 12.00% 12.00% 3.850%
3 year Apr 5, 2019 Apr 5, 2022 1.50% 12.00% 12.00% 3.850%
3 year Feb 6, 2019 Feb 7, 2022 1.50% 12.00% 12.00% 3.850%
3 year Dec 7, 2018 Dec 7, 2021 1.50% 12.00% 12.00% 3.850%
3 year Oct 4, 2018 Oct 4, 2021 1.50% 10.00% 10.00% 3.228%
3 year Aug 8, 2018 Aug 9, 2021 1.50% 10.00% 10.00% 3.228%
3 year Jun 7, 2018 Jun 7, 2021 1.50% 10.00% 10.00% 3.228%
3 year Apr 4, 2018 Apr 6, 2021 1.50% 10.00% 10.00% 3.228%
3 year Feb 9, 2018 Feb 9, 2021 1.50% 10.00% 5.221% 1.711%
3 year Dec 7, 2017 Dec 7, 2020 1.50% 10.00% 1.50% 0.498%
3 year Oct 4, 2017 Oct 6, 2020 1.50% 10.00% 1.50% 0.498%


Term Issue date maturity date minimum guaranteed cumulative return maximum potential cumulative return actual return received by member equivalent annual compound return
5 year Aug 11, 2017 Aug 11, 2022 4.00% 20.00% 20.00% 3.714%
5 year Jun 7, 2017 Jun 7, 2022 4.00% 20.00% 20.00% 3.714%
5 year Apr 5, 2017 Apr 5, 2022 4.00% 20.00% 20.00% 3.714%
5 year Feb 8, 2017 Feb 8, 2022 4.00% 20.00% 20.00% 3.714%
5 year Dec 9, 2016 Dec 9, 2021 4.00% 20.00% 20.00% 3.714%
5 year Oct 7, 2016 Oct 7, 2021 4.00% 20.00% 20.00% 3.714%
5 year Jun 10, 2016 Aug 12, 2021 4.00% 20.00% 20.00% 3.714%
5 year Jun 10, 2016 Jun 10, 2021 4.00% 20.00% 20.00% 3.714%
5 year Apr 8, 2016 Apr 8, 2021 4.00% 25.00% 25.00% 4.564%
5 year Feb 12, 2016 Feb 16, 2021 4.00% 25.00% 25.00% 4.564%
5 year Dec 4, 2015 Dec 4, 2020 4.00% 25.00% 12.655% 2.412%
5 year Oct 7, 2015 Oct 7, 2020 4.00% 25.00% 9.096% 1.757%

 

  1. The minimum guaranteed annual compound return equivalent is paid out annually and does not compound.
  2. Historical returns provided are for informational purposes only, past performance is not indicative of future returns.
  3. This deposit may neither be negotiated nor transferred. No amount in principal shall be redeemed or payable before the date of maturity.
  4. This deposit and minimum interest accrued on the deposit is 100% guaranteed.
  5. The interest paid at maturity is subject to a maximum. If the yield of the Securities is higher than the maximum cumulative return at maturity, then the interest paid will match this maximum.
  6. This deposit may not be hypothecated or given as security.
  7. Given the features of this kind of investment, you should check with your advisor to make sure that such an investment meets your investment objectives as the investment is not suitable for everyone.
  8. The above statements and information are for informational purposes only. The information contained above is not complete and is qualified in its entirety by the full terms and conditions of the winwin® term deposit.  Please speak with an advisor to review the full terms and conditions of the winwin® term deposit.

 

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.

From November 1, 2021, to November 21, 2021, the members of First West Credit Union voted on special resolutions that, among other things, authorize First West to apply to become a federal credit union under the Bank Act. If First West becomes a federal credit union, it will automatically become a member of the Canada Deposit Insurance Corporation (CDIC) and Credit Union Deposit Insurance Corporation of British Columbia deposit insurance will no longer apply. See attached Notice for further detail on what this change means to your deposits with First West.

 

 

Term deposit / GIC benefits at a glance:

 

 
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Your money is 100% protected

You can rest easy knowing that all deposits with B.C.’s Credit Unions are 100% protected. Protection provided by the Credit Union Deposit Insurance Corporation of British Columbia.

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​Low minimum deposit

$500 is all it takes to get you started and there are no maximum deposit limits. 

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​Built for your future

Choose a registered term deposit and delay paying taxes on the money you deposit, as well as any earnings it produces until you take it out of the plan.

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Made for B.C.

Your money stays in B.C. As a financial cooperative, we use your money to help businesses grow and communities thrive. 

 

Ready to invest?

Get started in less than 30 seconds.

 

 
 
 

 

PREFER TO TALK TO US IN PERSON?

Call us at 1-888-597-8083 or come in to your local branch and we'll set you up.

 

 

PLANNING AND ADVICE THAT GROWS WITH YOU

Good advice starts with a conversation about your unique situation. We’ll work with you to understand your overall investment strategy and make recommendations on the right mix of investment solutions for your financial goals. 

Let’s talk about your financial wellbeing.