SHORT TERM DEPOSITS

With a minimum of $1,000 if you have our Great Member Package or $5,000 otherwise you can invest funds for any multiple of 30 days (up to  364 days) terms. With a minimum of $500 you can invest funds for one, two, or three year terms. Our short term investments earn a higher rate of interest than a chequing or savings account.

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FEATURES
BENEFITS
  • Different term lengths starting at 30 days up to 364 days
  • Deposits earn a higher rate of interest than chequing or savings accounts
  • No deposits or withdrawals can occur within the deposit until maturity
  • A renewal notice is sent out ten days prior to maturity
  • Deposits can be cashed in, added to or rolled over at maturity. Rolled over terms can either have the interest added to them or deposited to an account
  • You can design the locked in deposit to suit your cash flow needs
  • The money that you're saving can earn higher interest and work for you while you're trying to save
  • This is an excellent method to use to avoid spending your savings
  • You are always reminded of the exact day of maturity, therefore won't miss it
  • You can plan what to do with the funds (ie. add to, withdraw from, and interest rate plan) in advance of maturity - you don't have to make any hasty decisions
  • You can increase your savings (and your interest earnings) by adding to your deposit
  • You can add the interest to your own spending money without having to touch your savings