WIN-VESTMENT [noun]

​A rewarding term deposit designed for one thing: your happiness.

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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:


No risk, all reward

PRIMECONNECT provides the security of a guaranteed deposit† but with a variable interest rate that's typically associated with a savings account. So if prime goes up, so do your returns.

Limitless

$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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LOOKING FOR A LONGER TERM?

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 details at a glance:
  • Term:  5-year
  • Minimum deposit:   $500
  • Available for:   Non-Registered, RRSP, TFSA
  • Non-redeemable
  • Deposits are 100% guaranteed†
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​IS A TERM DEPOSIT WORTH IT?


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. 

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CREATE A PERSONAL INVESTMENT PLAN

Our financial experts are here to help you understand how a term deposit can fit in your financial plan.


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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.


© First West Credit Union. All rights reserved

*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.