Deposit Specials
For a full breakdown of how GICs work, including our standard terms and rates, visit our GICs and Term Deposits page.
Why Choose a Deposit Special
Set Apart from Standard
Deposit Specials carry their own GIC rates and terms2, separate from our standard GIC lineup.
Your Rate is Locked In
When you open your Deposit Special, your rate is fixed for the full term4.
Protected From Market Swings
Your principal and rate are guaranteed5 for the full term.
A Term for Every Goal
Choose a short or long term to match your savings timeline.
Fits Your Savings Plan
Hold your deposit special within an RRSP, TFSA or as a non-registered investment6.
Simple to Open
Open a deposit special in-branch, through online banking, or by phone with the UCU Contact Centre.
Deposit Specials:
FAQs
Minimum and maximum deposit amounts vary by term and are outlined in our current rate table above.
Investors can purchase a GIC investment through UCU, selecting from a range of terms and interest rates based on their financial objectives.
Additionally, UCU may provide special features such as flexible terms, attractive interest rates, and reinvestment choices, enabling members to maximize their profits and take comfort in knowing that their investments will yield returns.
No. Deposit Specials are non-redeemable1, so funds can’t be withdrawn or the term broken before maturity.
Yes. You must be a UCU Member in good standing to open a Deposit Special. If you’re not yet a Member, you can become a member online here: signup.ukrainiancu.com/
Funds qualify as new money only3 if they’re transferred from another financial institution, not from an existing UCU account. Speak with a UCU representative to confirm your funds are eligible before opening a new money Deposit Special.
Deposit special rates and terms are reviewed and adjusted regularly and may change without notice2. Once you’ve opened your deposit special, your rate and term are locked in for the full duration4.
At maturity, your funds are either deposited into your UCU account or reinvested for the same term at the rate in effect at renewal, based on your original instructions. Your Certificate of Deposit6 outlines the specifics that apply to your deposit.
Interest on a Deposit Special is paid at maturity.
Yes. Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA). Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). For more information visit www.fsrao.ca.
Yes. Deposit specials can generally be held in registered or non-registered accounts, depending on the term. Speak with a UCU representative to confirm eligibility for a specific term.
Visit our GICs and Term Deposits page for a full breakdown.
01Unless otherwise specified on the Certificate of Deposit issued at the time the deposit is made, Deposit Specials are not redeemable before maturity.
02Deposit Special interest rates are annual rates, reviewed and adjusted on an ongoing basis, and are subject to change without notice.
03Some Deposit Special terms are available to new money deposits only. Funds qualify as new money only if they’re transferred from another financial institution, not from an existing UCU account. Speak with a UCU representative to confirm your funds are eligible before opening a new money Deposit Special.
04The rate and term applicable to a Deposit Special are fixed as of the date it is opened and will not change for the duration of that deposit, regardless of any subsequent change to the rates or terms then being offered.
05Deposit Specials are principal and interest guaranteed by Ukrainian Credit Union Limited, subject to membership conditions and the terms of the Certificate of Deposit.
06All Deposit Specials are subject to membership conditions and the terms of the Certificate of Deposit, including the method of interest calculation, interest payment, and redemption terms.