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Great rates on non-redeemable, long-term GIC rates
 

Term Deposits & Guaranteed Investment Certificates

Term Deposits & Guaranteed Investment Certificates are stable, worry-free investment options that are a great addition to your savings and investment plan, by offering a higher rate of interest than a savings account.

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Already A Member?   

Complete your Term Deposit Application by clicking on the button below or contact a UCU Advisor at 1-800-461-0777 or by email at greatrates@ukrainiancu.com

 

New to UCU?

Sign-up online today and we will reimburse the $150 required for your membership shares with a minimum one year, $1,000 term deposit or GIC using promo code UCUGIC.

 

What are Term Deposits?

Term Deposits are special accounts for a set amount of money (the "deposit") over a set amount of time (the “term"). A term length can be as short as 30 days and up to a maximum term of 1 year. A Term Deposit is redeemable (cashable) before the end of the term at a reduced rate of interest. If the investment becomes an estate account, the term deposit is redeemable with no reduction in interest.

Terms deposits are suitable for someone who wants to take advantage of higher interest rates and to have the added benefit of cashing in the term deposit prior to maturity

 

What are Guaranteed Investment Certificates?

Guaranteed Investment Certificates have a term ranging from 1 year to 5 years in length. They are usually non-redeemable (not cashable) before maturity and may offer a higher rate of interest when compared to a Term Deposit. If the investment becomes an estate account, the GIC is redeemable with no reduction in interest.

GIC’s are suitable for someone who is willing to commit their investment for a longer term for a higher rate of return.

Peace of Mind: Up to 100% Deposit Insurance*

Deposits are insured for up to $250,000 per Member through the Financial Services Regulatory Authority of Ontario (FSRAO). (www.fsrao.ca*).

Registered deposits (RRSPs, RRIFS, TFSA’s, RESP’s) are insurable up to 100% *.

Enjoy the peace of mind offered by a UCU Term Deposit or GIC.

 

Unsure if a Term Deposit is Right for You? Talk to a Financial Expert today.

Working with a credit union is different. Our financial experts will answer any of your term deposit questions.

Get started today!To speak with a UCU Advisor, call 1-800-461-0777, email greatrates@ukrainiancu.com or complete the form below.