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Fixed Deposits
Invest in a fixed deposit and earn much more on money you don’t need to keep on hand.

Features

  • Affordable minimium deposit of only $1,000*
  • Flexible terms of 3 to 60 months 
  • Competitive tiered interest rates 
  • Open to members and individual depositors

*Maximum deposit  is EC $1,000,000

Benefits

  • Our fixed deposits offer some of the highest guaranteed rates of return.
  • Earn more as you save more and save for longer periods
  •          Can be used as collateral for loans 

  • Flexibility to receive interest annually on large deposits locked in for 2 or more years 
  • Peace of mind knowing your money is safely invested in a leading financial institution authorised to accept deposits

Rates

Amount 3 months 6 months 12 months
$1,000-$49,999 1.75% 1.75% 2.10%
$50,000-$99,999 2.00% 2.00% 2.30%
$100,000-$499,999 2.25% 2.25% 2.40%
$500,000 + 2.50% 2.50% 2.60%

Effective June 17, 2016 

 

Amount 24 months 36 months 48 months 60 months
$1,000-$49,999 2.10% 2.15% 2.25% 2.50%
$50,000-$99,999 2.40% 2.50% 2.60% 2.70%
$100,000-$499,999 2.50% 2.60% 2.70% 2.80%
$500,000 + 2.60% 2.75% 2.75% 3.00%

 Effective June 17, 2016 

Come in today to our Fixed Deposit Section and lock in your money at a competitive interest rate.

 

Note: All members/depositors are required to complete a Declaration of Source of Funds (DSF) form for ALL deposits of $10,000 and over, or on any lesser amount as determined by the Credit Union.