Envision Financial

Term Deposits - Redeemable

This term deposit investment is for you if:

  • you're looking for a low risk term deposit investment with a guaranteed return.
  • you want maximum flexibility in an investment—fixed or variable terms
    and a variety of maturity options.
  • you want to save money but you want access to it when you need it
    —you never know when the dryer will go.

Overview

Redeemable Options

Want the security of knowing you can access your funds should you need them—without penalty? Consider the following redeemable term deposit options:

  • 12-Month Cashable
  • 18-Month Cashable
  • StepUp® 9Plus9
  • StepUp® 18Plus18
  • Prime Rider® term deposits
  • TOP5 term deposits—available at select times
  • Save Now Plan

For details on these investment products, click on the "Short Term" or "Long Term" tabs on this page.

 

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 Options

12-Month Cashable

Our 12-Month cashable term deposit allows you to invest your money for a short period of time and still earn an attractive interest rate.

Key features & benefits:

  • Fully cashable after the first 30 days so that you can access your money at any time for unexpected emergencies or other investment opportunities (if cashed after 30 days, you will still receive interest with no penalty)
  • Low minimum deposit ($1,000 non-registered; $500 registered; $100 juniors) with no maximum limit
  • Available as a registered product (not RIF eligible) so you can tax shelter the interest you earn
  • Automatic renewal
  • Interest is paid annually to the term deposit so you can earn more because of compounding interest
  • Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia.†

 

Save Now Plan

For many people, the toughest part about saving is getting started. The Save Now Plan pays a term deposit rate of interest without requiring a lump sum to start. It's the perfect way to build your savings without ever having to think about it.

Key features & benefits:

  • Minimum required deposit of $50 per month
  • Make weekly, bi-weekly, semi-monthly or monthly contributions
  • Three partial withdrawals per year

 

†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.

Long Term

Product Options

18-Month Cashable

Our long term redeemable term deposit gives you flexibilty if you are waiting for rates to rise but want to earn a higher rate of interest than a savings account.

Key features & benefits:

  • Fully cashable after the first 6 months so that you can access your money at any time for unexpected emergencies or other investment opportunities (if cashed after 6 months, you will still receive interest with no penalty)
  • Low minimum deposit ($1,000 non-registered; $500 registered; $100 juniors) with no maximum limit
  • Available as a registered product (not RIF eligible) so you can tax shelter the interest you earn
  • Automatic renewal
  • Interest is paid annually to the term deposit so you can earn more because of compounding interest
  • Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia.†

 

StepUp® 9Plus9
StepUp® 18Plus18

StepUp® Term Deposits offer guaranteed growth with a two-tiered escalating interest rate.

Key features & benefits:

  • Two-tiered interest rate with an increase halfway through the term
  • Fully cashable
  • Interest paid annually
  • Low minimum deposit with no maximum
  • Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia†

 

Prime Rider® Term Deposit

Get the security of a guaranteed deposit with a prime-linked interest rate. So that wherever prime goes, your returns follow.

Key features & benefits:

  • Fully redeemable on the anniversary date
  • Minimum deposit $500
  • Tax sheltered growth: TFSA, RSP, RIF and LIF eligible
  • Interest paid annually
  • Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia†

 

TOP5 Term Deposit — available at select times

Your rate is reset on each anniversary date to the best five-year rate at that time or the guaranteed rate. Don’t worry! It will never fall below your guaranteed rate./p>

Key features & benefits:

  • 5-year term length so you can take advantage of a great rate over a longer period of time
  • You have the option to withdraw up to 20% of your original deposit without penalty, once, anytime during the 5-year term
  • Interest paid annually
  • Available as a registered product (minimum deposit of $500) so you can tax shelter the interest you earn
  • Rate is reset annually (on the anniversary date) to the current 5-year non-redeemable term rate or the guaranteed rate (whichever is higher)

 

†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

Current Promotional Rates (Rates effective 2017-09-20) Rates
Early Bird Account® 2.25%
StepUp® 9Plus9 - first 9 months 0.65%
StepUp® 9Plus9 - second 9 months 3.05%
StepUp® 9Plus9 - average rate 1.85%
Cashable (non-registered, RSP, TFSA, RIF, LIF) (Rates effective 2017-09-20) Rates
StepUp® 9Plus9 - first 9 months* 0.65%
StepUp® 9Plus9 - second 9 months* 3.05%
StepUp® 9Plus9 - average rate* 1.85%
1 year (redeemable after 30 days) 0.65%
18 months (redeemable after 6 months) 0.70%
StepUp® 18Plus18 - first 18 months* 0.65%
StepUp® 18Plus18 - second 18 months* 3.05%
StepUp® 18Plus18 - average rate* 1.85%
Redeemable (non-registered, RSP, TFSA, RESP, RIF, LIF) (Rates effective 2017-08-15) Rates
1 year 0.85%
2 year 0.95%
3 year 1.10%
4 year 1.25%
5 year 1.45%

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

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