With our 3-year PRIMECONNECT™ redeemable term deposit, you get the security of a guaranteed deposit with a prime-linked interest rate.
PRIMECONNECT term details at a glance:
A rewarding term deposit designed for one thing: your happiness.
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 deposits often come under a lot scrutiny. People often ask us, “Why would anyone invest in a product that's barely higher than the 2.00% inflation rate?” If your long-term investment strategy is entirely dependent on term deposits then your gains, though guaranteed, will certainly seem hardly worth it at all.
But term deposits have other benefits that make them worthwhile. They will generally give you a better rate of return than a typical savings account and a significantly better rate than a chequing account (or your mattress). This makes a term deposit a really great option for parking money for your emergency fund or a vacation in the next couple of years.
*Rates as of September 2, 2019. Subject to change without notice. PRIMECONNECT™ interest rate is per annum.
winwin® rates are cumulative over the entire 5-year term. Terms and conditions apply, ask our staff for details.
†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.