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

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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

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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

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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.