Long-Term Non-Redeemable Term Deposit
Guaranteed growth over the long term.
- Laddered rate
- 1 to 5 years
- $500 minimum
- Deposits are 100% guaranteed*
Long-Term Term Deposits allow you to earn a higher rate of return by locking your funds in for a longer period of time. Choose a non-redeemable term deposit if you want a no-risk investment and don't want to worry about re-investing every few months; or choose a redeemable term deposit and get the added flexibility of accessing your funds if you need them.
Long-Term Term Deposit at a glance:
|Long-Term Non-Redeemable Term Deposit|
|Term/Duration||1 to 5 years|
|Eligibility||RRSP, RRIF, RESP, TFSA, RDSP|
|Interest||Interest transferred monthly (non-registered only) or annually to your savings or chequing account, or compounded annually and reinvested into your term deposit.|
|Renewal||At maturity you have the option to renew your Long-Term Term Deposit, invest in a different term deposit, or withdraw the funds.|
|Long-term Non-Redeemable Term Deposits (Annual Interest) (Rates effective 2018-07-27)||Rates|
|Non-Redeemable: long-term, 1 year, annual interest||1.50%|
|Non-Redeemable: long-term, 1.5 years, annual interest||1.60%|
|Non-Redeemable: long-term, 2 years, annual interest||1.70%|
|Non-Redeemable: long-term, 3 years, annual interest||1.80%|
|Non-Redeemable: long-term, 4 year, annual interest||1.90%|
|Non-Redeemable: long-term, 5 years, annual interest||2.25%|
Need more options?
Our easy-to-use selection tool will help you determine the right term deposit solution to meet your needs.
* Deposits are 100% guaranteed. Protection provided by the Credit Union Deposit Insurance Corporation of British Columbia.