Key features & benefits:
- Term length is 3 or 5 years
- 100% initial investment guaranteed
- $500 minimum deposit with no maximum limit
- Minimum guaranteed interest paid annually
- Choice of maturity options
- This product is not RRIF eligible
- This product is strictly non-redeemable before its maturity date
- Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia.†
How winwin® term deposit works
Guaranteed interest is calculated from the purchase date. 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. 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 above the minimum guaranteed return 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.