Term Deposits

Take the guesswork out of investing

Redeemable term deposit

Invest with confidence and enjoy the freedom to cash out or reinvest anytime

Term deposits, also known as Guaranteed Investment Certificates (GICs), are safe investments that give you the flexibility to withdraw some or all of your money before the term ends. With cashable term deposits you can withdraw money before the term matures, but keep in mind you may receive a reduced rate of return.


  • 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 $100
    • Investment opportunities
      Non-registered, TFSA, RRSP, RRIF or LIF eligible

Non-redeemable term deposit

Invest with confidence and lock in your money to earn a higher rate

Non-redeemable term deposits are the safest invesment option because they’re a guaranteed way to earn interest on your savings. Lock away your money to earn a higher rate of interest. Once the term matures, you’ll enjoy a bigger return on your investment.


  • 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
    • Investment opportunities
      Eligible options for non-registered, TFSA, RRSP, RRIF or LIF
    • US dollar term deposit
      Invest in a US dollar term deposit with as little as $1,000 USD

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 portfolio. 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
    • Investment opportunities
      Eligible options for non-registered, RRSP, or TFSA
    • Guaranteed principal
      Your initial investment is 100% guaranteed

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What you get with all term deposits

memberSHARE
Loyalty Program

Eligible for annual product bundle payments and cash bonuses on deposit interest*
No-risk investmentTerm deposits are no-risk investments, and your money is always guaranteed 
No administration feesNo administration fees or commissions 
Higher interest ratesPays higher rates than regular chequing or savings accounts 
100% deposit guaranteeDeposits are 100% insured by the Credit Union Deposit Insurance Corporation (CUDIC) of British Columbia

Book an appointment View rates

*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.


memberSHARE eligible

Earn when you save
Term deposits are memberSHARE eligible. Earn cash bonuses every year when you bundle qualifying products.

"I'm happy to be on a program where I earn more than I expect each year."

- Sara J.

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1 year memberSHARE

1.15%

1 year non-redeemable

1.25%

3 year non-redeemable

1.40%

5 year non-redeemable

1.50%

Other fees and terms

*Rates are subject to change without notice.

Retirement planning tip: term deposits are a great addition to a well-rounded retirement plan

Invest in your future with confidence. From short to long terms, cashable or non-redeemable options, term deposits are a secure way to save. The following registered retirement products can be invested in term deposits:

​RRSP

​TFSA

​RRIF

​LIF

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Saving tips

When to choose a term deposit

Term deposits are safe investment options and a guaranteed way to grow your savings. Choose a term deposit if you want to:

  • Earn more interest
  • Set aside money for a future goal
  • Have your money locked away so you won’t be tempted to spend it
  • Diversify and balance your savings plan


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Saving tips

When to choose a savings account

Savings accounts allow you to save and access your money anytime. Choose a 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 up your savings


Choose Aldergrove Credit Union

Earn cash back

Earn bonuses and rebates on products, plus dividends on equity shares paid annually.

3,600+ ATMs

Access your money across Canada with over 3,600 free ATMs and six local branches.

Digital banking tools

Budget, bank and learn using online and mobile banking solutions 24/7.

No-limit banking

Get excited to save and spend with affordable account options including unlimited transactions.

How to reach us

Email

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.

All deposits are guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia.
*Standard & Poor’s®” and “S&P®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Central 1 Credit Union and sublicensed by Aldergrove Credit Union. “TSX” is a trademark of the Toronto Stock Exchange and has been licensed for use by Central 1 Credit Union and sublicensed by the Aldergrove Credit Union. The Market-Linked Term Deposits are not sponsored, endorsed, sold or promoted by Standard & Poor’s or the Toronto Stock Exchange and neither party makes any representation regarding the advisability of investing in these deposits.

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