Business term deposits
Make your money work as hard as you do
Redeemable term deposit
Save with confidence and have the flexibility to cash out or reinvest anytime
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.
Features
- Flexible term options
Various term lengths with options to cash out or reinvest early - Interest
Calculated daily, paid monthly or annually - Low minimum deposit
Invest as little as $500
- Flexible term options
Non-redeemable term deposit
Invest with confidence and lock in funds to earn a higher rate
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.
Features
- Flexible term options
Short and long terms available, from 30 days to 5 years - Interest
Calculated daily, paid annually or at maturity - Affordable minimum deposit
Invest as little as $500 - US dollar term deposit
Invest in a US dollar term deposit with as little as $1,000 USD
- Flexible term options
Market-linked term deposit
Get the best of both worlds — security of a term deposit and growth potential of the stock market
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.
Features
- Flexible term options
Choose between 3-year or 5-year terms - Interest
Higher growth potential based on market performance - Minimum deposit
Invest as little as $1,000 - Guaranteed principal
Your initial investment is 100% guaranteed
- Flexible term options
What you get with all business term deposits
| memberSHARE Loyalty Program
| 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 |
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*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.
Small business advisors
Local expertise for your business
Our experienced advisors provide support and work with a variety of business owners and entrepreneurs to:
- Secure funding for growth
- Explore areas of opportunity
- Support with merchant services and cashflow management
- Simplify processes so you can focus on more important things
Cash management tips
When to choose a business term deposit
Term deposits are safe investment options and a guaranteed way to grow your savings. Choose a business term deposit if you want to:
- Earn more interest
- Set aside money for a future goal
- Use your savings to secure a business loan
- Diversify and balance your business investment plan
Cash management tips
When to choose a business savings account
Savings accounts allow you to save and access your money anytime. Choose a business savings account if you want to:
- Withdraw some or all of your money anytime
- Save for immediate or short term goals
- Add to your savings whenever you want
- Build a cash reserve for your business
Choose Aldergrove Credit Union
Your business serves a growing community - so does ours. Together, we can make a bigger impact.
Digital banking tools
From remote deposits to automated payments, bank anytime, anywhere.
3,600+ ATMs
Access your money across Canada with over 3,600 free ATMs and six local branches.
Powerful payment services
Transfer or receive funds across the street or around the world to pay employees and vendors.
Small business advisors
Partner with a local business expert who can help you thrive in the Fraser Valley.
How to reach us
Send us an email and get a response within one business day.
Call
Monday - Friday
8:30 am - 5 pm
Saturday 8:30 am - 3 pm
Meet with us
Book an appointment with a
Financial Advisor.
Visit a branch
Stop by any branch and we promise you’ll get a smile.