Term Deposits
Whatever your investment needs, your Credit Union has the right
Term Deposit. If you want high rates and security a Credit Union
Term Deposit is the right product for you. Interest can be paid
to your account or compounded back to your Term Deposit.
[Feature Rate]
[Alberta Plus] [Platinum
Rate] [RateLifter] [Special Plus]
[Equalizer] [First GIC]
[Lawyer Trust] [100%
Guarantee] [Download Investments brochure (PDF)]
Feature Rate
If you require flexibility in your Term Deposit, this is it. Terms are offered from 30 days to 5 years, and your minimum deposit is only $1,000.00.
Interest is paid on maturity for terms of less than 1 year. For terms of 1 year or more, interest may be paid quarterly, semi-annually, annually or on maturity. Interest may be compounded annually if the term is 1 year or greater.
All Feature Rate Term Deposits are fully redeemable. No partial redemptions are allowed. Redeem your Feature Rate Term Deposit on the anniversary date and no interest penalty will be charged. For more details, contact your branch.
Alberta Plus
If you want to earn a competitive interest rate, an Alberta Plus
Term Deposit is right for you. The non-redeemable deposit locks
you in for a specific time period and yields a very attractive interest
rate. Time periods offered for this investment are from 30 days
to 5 years. Minimum deposit is $4,000.00 for investments of less
than 1 year and $4,000.00 for investments from 1 to 5 years.
Interest on Alberta Plus Term Deposits is paid on maturity if the
term is less than 1 year. For lengths of 1 year or more interest
may be paid quarterly, semi-annually, annually or on maturity. Interest
may be compounded annually if the term is 1 year or greater.
Interest can be paid monthly on terms from 90 days to 5 years for
members 60 years of age and over.
Platinum Rate
The Platinum Rate Term Deposit offers you a premium interest rate
for your larger deposits. The minimum deposit is $30,000. Terms
of 1, 2, and 3 years are available. Choose when and how you want
your interest to be paid - quarterly, semi-annually, annually or
on maturity. Interest may be paid to a deposit account or compounded
to the term deposit. The Platinum Rate Term Deposit is non-redeemable
prior to maturity.
RateLifter
The RateLifter is available to both consumer and business members and offers these features:
- Terms of 3 and 5 years are available.
- Your minimum deposit is $4,000.00.
- Tiered interest is paid annually on anniversary
- Your investment is redeemable annually.
Special Plus
Do you have a large amount of funds that you would like to invest
in a secure investment vehicle? The Special Plus Term Deposit may
be right for you. Terms are available from 30 days to 5 years. Rates
and terms are negotiable to best suit your investment goals and
strategy.
Equalizer
Watch for Equalizer Term Deposit specials coming this Fall to a
Bow Valley Credit Union branch near you.
First GIC
The First GIC is a Term Deposit for youth under the age of 19.
With a minimum deposit of $100.00, you can get started on a sound
money management strategy for the future. A minimum of $25.00 can
be added to the deposit per month until the deposit reaches a maximum
of $5,000.00.
Terms are available from 1 to 5 years. The rate that you receive
on the day you open your First GIC Term Deposit is the rate guaranteed
for the entire length of the term. You may redeem all or part of
your First GIC prior to maturity without penalty.
Lawyer Trust GIC
Bow Valley Credit Union offers specialty terms for Lawyer Trust
funds. Rate is prime less 2.5% floating. Call or visit your branch
for details.
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