For your consideration: market-linked term deposits

Looking for stability and growth potential? A market-linked term deposit might be a wise option. For these types of investment deposits, the rate of return is linked to the performance of a basket of named equities or stocks† and can offer higher growth potential than traditional fixed rate term deposits (depending on the performance of the market and the investment). Your principal deposit is guaranteed just as traditional term deposits are, but any earnings at the end of the term is determined by market performance.

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Redeeming your money

Each term deposit is invested under a set term – the length of time you commit to leaving your money invested . In general, non-redeemable  term deposits are locked-in for the period and cannot be redeemed before the due date stipulated when you first deposit your money. Redeemable term deposits, however, can be cashed out before term, but doing so will impact the interest rate earned. Also note that, depending on the terms and conditions of the deposit, interest may not be paid if the deposit is cashed out prior to the end of the lock-in period. Be sure to anticipate your needs and understand the legal conditions of any investment.  

When your term deposit is getting close to its maturity date, you will be contacted  to review your options. This could include reinvesting or rolling over into a new term deposit of the same type and duration or depositing it into your account.

Depending on your objectives and your immediate needs for the funds, you may want to consider holding or reinvesting the money including your interest gains. An advisor or BlueShore associate can help you make the right call.

All deposits are 100% guaranteed

One interesting fact about a term deposit with a credit union like BlueShore Financial is that there is absolutely no risk to the principal you put on deposit. As a BCFSA authorized credit union, all deposits with BlueShore are fully protected by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC) – meaning that you receive 100% deposit protection. Learn more about the accounts and deposits protected by this guarantee.

Is a term deposit right for you?

Whether you are looking for a safe place to hold your money or to take advantage of a special term offer with a strong growth rate, a term deposit might be an ideal place to keep your money. With their flexibility, diversity, security and 100% deposit guarantee, term deposits are a great option to consider. Explore current rates for all our term deposits or speak to an advisor or associate today to learn more about your options for term deposits.

BlueShore Financial, Financial Advisor, Sahar Abdul Zahir

Sahar Abdul Zahir

Financial Advisor

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The information contained in this article/video was written by BlueShore Financial or one of our expert financial writers and was obtained from sources believed to be reliable; however, we cannot guarantee that it is accurate or complete. It is provided as a general source of information and should not be considered personal financial advice. 

 Mutual funds, other securities and securities related financial planning services are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.

* Rates are subject to change without notice at any time. 

Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).