Envision Financial

Term Deposits - Non-Redeemable

This term deposit investment is for you if:

  • you're looking for a low risk term deposit investment with a guaranteed return.
  • you like having many options to choose from.
  • you like the idea of putting money away for a rainy day.

Overview

Non-Redeemable Options

If you don’t think you will need access to your funds, consider maximizing your returns with the following non-redeemable term deposit options:

  • Short-term options
  • Long-term options
  • winwin™ term deposits
  • 3 or 5-year escalator term deposit
  • U.S. dollar options

Plus, you can rest easy knowing that your deposits are 100% guaranteed.†

 

†The Credit Union Deposit Insurance Corporation of British Columbia, a statutory corporation, fully guarantees all BC credit union deposits. Credit Union equity shares and investments such as mutual funds or RSP equity plans are not covered by deposit insurance.

Short Term

Product Option

Short Term Non-Redeemable

This type of term deposit is ideal if you don’t have immediate plans for your money but want to earn an attractive rate of interest.

Key features & benefits:

  • Available for periods up to 364 days
  • Low minimum deposit ($1,000 non-registered; $500 registered; $100 juniors) with no maximum limit
  • Tax sheltered growth: RSP, TFSA, RESP, RIF & LIF eligible
  • Interest is paid at maturity
  • Choice of maturity options
  • Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia.†

 

US Dollar Short Term Non-Redeemable

U.S. dollar term deposits are available for terms of up to 364 days. This is a great option if you want to make short-term investments in U.S. dollars at an attractive rate of interest. And because your money is kept in U.S. dollars, you save money on foreign currency exchange fees, and it is easier to budget and pay for U.S. dollar expenditures.

Key features & benefits:

  • Interest is paid at maturity in U.S. funds
  • Low minimum deposit ($5,000 non-registered; $100 juniors) with no maximum limit

Long Term

Product Options

Long Term Non-Redeemable

This type of term deposit is the best way to maximize your return. The longer you choose to invest, the greater your interest rate.

Key features & benefits:

  • Period of one to five years
  • Low minimum deposit ($1,000 non-registered; $500 registered; $100 juniors) with no maximum limit
  • Available as a registered product so you can tax shelter the interest you earn
  • Interest is paid annually to the term deposit so you can earn more because of compounding interest (interest compounds annually if registered; interest paid annually or monthly if non-registered)
  • Choice of maturity options
  • Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia.†

 

winwin™ Term Deposit

Looking to take advantage of stock returns without the risk? This term deposit guarantees you a competitive rate with the potential for greater returns linked to the performance of 8 Canadian securities.

Key features & benefits:

  • 3 and 5 year terms
  • Low minimum deposit
  • Guaranteed principal
  • Guaranteed minimum return
  • Rate of interest is based on the performance of 8 Canadian Financial Institutions
  • RSP & TFSA eligible

View winwin™ details and rates

 

How winwin™ term deposit works

On the issue date:
Your principal investment and all interest earned from the purchases date are rolled into your winwin™ index-linked term. Guaranteed interest is calculated from the issue date.

Index-related return:
Return is determined by the growth of the index from the opening index to the closing index. Even if the closing index value is lower than the opening index level, you'll still have your entire principal investment paid out at maturity. Your principal and the guaranteed minimum interest will also be calculated from the issue date, compounded annually. If the closing index value is higher than the opening index value, the winwin™ term deposit will pay your principal investment plus all index-related returns at maturity.

 

†The Credit Union Deposit Insurance Corporation of British Columbia, a statutory corporation, fully guarantees all BC credit union deposits. Credit Union equity shares and investments such as mutual funds or RSP equity plans are not covered by deposit insurance.

Rates

Our Current Rates

View winwin™ handout and rates (PDF)

Current Promotional Rates (Rates effective 2017-04-03) Rates
18 month non-redeemable 1.55%
StepUp® 18Plus18 - first 18 months 0.50%
StepUp® 18Plus18 - second 18 months 2.80%
StepUp® 18Plus18 - average rate 1.65%
Short-term Non-Redeemable (Rates effective 2017-02-07) Rates
30-59 days 0.20%
60-89 days 0.20%
90-119 days 0.20%
120-179 days 0.20%
180-269 days 0.25%
270-364 days 0.25%
Long-term Non-Redeemable (Rates effective 2017-02-07) Rates
1 year 0.95%
2 year 1.10%
3 year 1.15%
4 year 1.25%
5 year 1.50%
Escalator Non-Redeemable - 3 Year (Rates effective 2017-02-07) Rates
3 Year Escalator - Year 1 1.00%
3 Year Escalator - Year 2 1.00%
3 Year Escalator - Year 3 2.50%
3 Year Escalator - Average Annual Yield 1.50%
Escalator Non-Redeemable - 5 Year (Rates effective 2017-02-07) Rates
5 Year Escalator - Year 1 0.85%
5 Year Escalator - Year 2 1.40%
5 Year Escalator - Year 3 1.55%
5 Year Escalator - Year 4 1.80%
5 Year Escalator - Year 5 2.90%
5 Year Escalator - Average Annual Yield 1.70%

*Rates are subject to change without notice. Interest rates are per annum. Interest compounds annually. Terms and conditions apply.

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