Redeemable term deposits, also known as Guaranteed Investment Certificates (GICs), are a safe investment that give you the freedom to withdraw some or all of your funds before the term ends. They give you the option to earn more interest on money you don’t need for day-to-day operations.
Non-redeemable term deposits are a no-risk investment option since they offer a guaranteed way to earn interest on your principal investment. Terms deposits are a smart way to add to your business savings strategy.
Market-linked term deposits are a great option to diversify your business savings strategy. They offer higher growth potential since the rates of return are linked to the stock market. Performance of the S&P/TSX 60 Index*, which tracks Canada’s 60 foremost companies of the Toronto Stock Exchange across 10 industry sectors, determines how much interest you’ll earn.
|Eligible for cash bonuses on deposit interest*|
|No risk investment||Term deposits are no-risk investments, and your money is always guaranteed|
|No administration fees||No administration fees or commissions|
|Higher interest rates||Pays higher rates than regular chequing or savings accounts|
|100% deposit guarantee||Deposits are 100% insured by the Credit Union Deposit Insurance Corporation (CUDIC) of British Columbia|
|Loan security||Funds can be used to secure a loan rather than redeeming the term for faster approval and to get a better interest rate|
*Bonus and rebate percentages are announced annually and payment is not guaranteed. A minimum of a $5 payment per account is required to receive payment. Qualifying business membership types include sole proprietorship, partnership, limited partnership, corporation, limited liability corporation, incorporated society, or joint venture.
Our experienced advisors provide support and work with a variety of business owners and entrepreneurs to:
Term deposits are safe investment options and a guaranteed way to grow your savings. Choose a business term deposit if you want to:
Savings accounts allow you to save and access your money anytime. Choose a business savings account if you want to: