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    Earn 1.15%* interest on a 3-year redeemable term deposit

    Open a 3-year PRIMECONNECT™ term deposit today and start saving for a brighter future.

    Contact our Member Advice Centre at 1-888-597-8083, or send them a note and let our experts answer any questions or book an appointment for you at a branch.

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    A worry-free investment

    These term deposit options guarantee 100% of your original investment and you choose how long you want to invest your money for.


    Enjoy high rates and flexibility while earning even more when the prime rate increases.
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    ​Get the earning potential of a long-term investment with the flexibility to redeem once a year.

    • Term: 3 years
    • Minimum deposit: $500
    • Also available for: TFSA, RRSP, RRIF and LIF
    • Fully or partially redeemable only at each anniversary date


    Learn more about PRIMECONNECT™

    Explore more term deposit options
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    Get a great rate in the first half and a guaranteed higher rate to finish the term strong in the second half with a registered StepUp® 9PLUS9 term deposit.

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    Or invest in the market with peace of mind with our winwin® Financial Services — a market-linked GIC ideal for those seeking higher returns than a traditional term deposit without risking their principal investment in the stock market. 

    5-year potential return

    25.00%


    ​Learn more about winwin® Financial Services

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    Why invest in a term deposit / GIC?

    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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    Your money is secure

    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. 

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    Interested in other term deposits? Explore your options.

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    How to open your term deposit

    Log in to online banking now to open a non-redeemable term deposit.

    OPEN IN ONLINE BANKING
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    Let our experts get in touch to kick off the conversation or book an appointment for you at a branch.

    REQUEST A CALL BACK
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    Call us at 1-888-597-8083, our friendly advisors are ready to answer any questions you may have.

    CLICK TO CALL



    Have a question?

    Send us a note and we'll reach out to you.


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    Need more help?



    Why choose us?

    Enjoy competitive rates knowing our profits are reinvested into strengthening your local businesses and community.

    Learn more about the Financial Co-operative difference


    ​
    StepUp® 9PLUS9 rates are expressed per tier, interest is paid annually and at maturity.
    The interest rates are subject to change without notice. Terms and conditions apply.
    *The PRIMECONNECT™ interest rate is expressed as an annual rate and is paid annually and at maturity. Interest rate is linked to the First West Credit Union prime rate.
    ​    winwin® rates are cumulative over the entire 5 year term. This product has a ceiling that determines the maximum return you may receive at maturity. 

    †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.

    Members of First West Credit Union will vote between November 1, 2021 and November 21, 2021 on whether to 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.

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    Everything is easier with a little help.

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    First West Credit Union