Get guaranteed returns and flexibility where you need it with our term deposits / GICs

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With our 14-month non-redeemable term deposit, you get a great rate and the security of a guaranteed return.

  • Term: 14 months
  • Minimum deposit: $500
  • Available for: Non-registered, RRSP, TFSA, RESP
  • Non-redeemable
  • Deposits are 100% protected


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LOOKING FOR MORE OPTIONS?



With our StepUp® 6PLUS6 term deposit, you get a great rate in the first half and a guaranteed higher rate to finish the term strong in the second half. Plus, rest easy knowing you can take your money out anytime.

  • Term: 12 months
  • Minimum deposit: $500
  • Available for: Non-Registered, RRSP, TFSA, RESP
  • Fully cashable at any time
  • Deposits are 100% protected


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With our 5-year winwin® term deposit, you get a guaranteed minimum return with the potential of a higher rate of return based on the market performance of 8 securities of the Canadian financial sector. 

  • Term: 5 years
  • Minimum deposit: $500
  • Available for: Non-Registered, RRSP, TFSA
  • Non-Redeemable
  • Deposits are 100% protected


5-year winwin

MINIMUM
guranteed return

4.00%


MAXIMUM
potential return

25.00%

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Term deposit / GIC benefits at a glance:

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.

Low minimum deposit

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

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.

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. 

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WHY INVEST IN A TERM DEPOSIT?


We all have different investing goals and different time frames to achieve them. You could be saving for a short-term goal like a vacation, a wedding or a vehicle, or a long-term objective like an education for your child or retirement. Whatever the goal, you’ll want a plan that will help your money grow and the right balance of diverse investment types.

Term deposits (also known as guaranteed investment certificates or GICs) are low risk investments that are well suited for short-term saving goals and can also complement your long-term investment plans. Your returns are guaranteed and your savings are more easily accessible. If you’re saving money for an emergency fund or a down payment in the next five years, a term deposit is a really great option.

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START WITH AS LITTLE AS $500

In less than 30 seconds, you'll be one step closer to maximizing your savings.



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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.


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© First West Credit Union. All rights reserved. ​


*Rates as of March 25, 2020. Offer subject to change without notice at any time. Interest rates are expressed as an annual rate. The 14-month non-redeemable term deposit is paid annually and at maturity. StepUp® 6PLUS6 interest is paid at maturity. winwin® rates are cumulative over the entire 5-year term. Terms and conditions apply.

†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.