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    Earn 0.60%* interest on a 1-year term deposit

    Open a 1-year non-redeemable term deposit and start saving for a brighter future

    If you already use online banking, log in now to open your term deposit online. Or call our Member Advice Centre at 1-888-597-8083 and they'll get you started.

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    A worry-free investment

    These 1-year term deposit options protect your principal and guarantee a fixed interest rate so you know how much you’ll earn.


    Get guaranteed returns with our 1-year non-redeemable term deposit.

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    ​With our 1-year non-redeemable term deposit, you get a great rate and the security of a guaranteed return.

    • Term: 1 year
    • Minimum deposit: $500
    • Also available for: RRSP, TFSA, RESP, RDSP
    • Non-redeemable


     Enjoy the freedom of cashing out anytime with a StepUp® 6PLUS6 term deposit.

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    ​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. 

    • Term: 1 year
    • Minimum deposit: $500
    • Also available for: RRSP, TFSA, RESP
    • Fully cashable at any time


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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 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.

    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



    ​*1-year non-redeemable and StepUp® 6PLUS6 rates as of March 26, 2021. Offer is subject to change without notice at any time. 1-year non-redeemable interest rate is expressed as an annual rate. StepUp® 6PLUS6 rates are expressed per tier. Interest is paid at maturity. 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.
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    First West Credit Union