Term Deposits

Secure and reliable, term deposits are a staple of your investment portfolio. The ‘term’, or length of time you are investing, is available from 30 days up to 5 years. You also have the flexibility to decide if you would rather have access to that money with a redeemable product or prefer to lock it in with a higher rate in a non-redeemable investment.Interest earned can be credited either to your Business account or compound in the Term itself.

  • Your deposits are 100% guaranteed by the Credit Union Deposit Guarantee Corporation.
  • There are no trustee fees or administration costs
  • Deposits can be applied as security on loans
  • You will be automatically renewed at the current rate for the same term

Keep reading to learn more. Or, contact your local branch or complete our online application.

Fixed Rate Redeemable Term Deposit

  • Guaranteed rate of return
  • Fixed term of 30 days up to 5 years, with the ability to redeem prior to maturity (subject to interest rate adjustment)
  • Minimum $500 investment
  • Interest is paid at maturity for terms less than a year, and annually for terms of 1 to 5 years.

Fixed Rate Non-Redeemable Term Deposit:

  • Guaranteed rate of return
  • Rate of return is higher than a redeemable term deposit
  • Fixed term of 30 days up to 5 years
  • Minimum $1,000 investment
  • Interest is paid at maturity for terms less than a year, and annually for term of 1 to 5 years, with the option of monthly interest at a slightly lower rate
  • Redemption or renewal is available at maturity.

Mountain View Maximizer

  • The best of both worlds, the Maximizer is a combination of the redeemable and non-redeemable term deposit
  • Flexible: can be redeemed annually with no interest penalty
  • Available in 3 or 5 year terms
  • Minimum $500 investment
  • Escalating rate of return each year that results in the effective annual yield if funds remain on deposit until maturity
  • Interest is paid annually.