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- Term deposits
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
- Flexible term options
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
- 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 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
- Flexible term options
What you get with all term deposits
| memberSHARE Loyalty Program
| Eligible for annual product bundle payments |
| 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 |
Book an appointment View rates
memberSHARE eligible
Earn when you bank
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.
Registered savings plan and TFSA term deposit specials
1 year memberSHARE
1.25%
1.5 year non-redeemable
0.90%
3 year non-redeemable
1.40%
*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
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
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
Get an annual cash bonus when you bundle qualifying products.
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