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winwin® FINANCIAL SERVICES GIC

A market-linked term deposit with a guaranteed minimum return and the potential to earn more.

 
 

Is this investment account right for you?

Right for you if:

  • You prefer an investment with the principal guaranteed
  • You do not need to access your money for the entire duration of the term
  • You want a guaranteed minimum return and the potential to earn more

Might not be right for you if:

  • You want to limit your investment's exposure to stock market movements
  • You may need to access your funds prior to maturity


Rate of Return*
Promotion Period: May 21, 2024 - July 22, 2024​
List of rates for winwin® FINANCIAL SERVICES market-linked GIC (registered/non-registered)
winwin® FINANCIAL SERVICES market-linked GIC (registered/non-registered)

Rates Effective: 2024-05-21

Rate
Minimum guaranteed annual rate (3 year)
3.00
Maximum potential cumulative return (3 year)
25.00
Minimum guaranteed annual rate (5 year)
3.00
Maximum potential cumulative return (5 year)
40.00


winwin® Financial Services Account Details

Benefit from the growth potential of eight carefully selected major Canadian financial and insurance institutions with limited exposure to market downsides.

  • Term: 3 or 5 years
  • Minimum deposit: $500
  • Non-redeemable
  • Available for: Non-Registered, RRSP, TFSA
  • No commission or management fees while taking advantage of market potential
winwin financial services GIC sectors
 

How to open your term deposit/GIC

Call us at 1-888-597-6083, visit a branch, or fill out the form below and one of our member advisors will get in touch with you. And if you don't bank with us yet, become a member today.

 


Frequently Asked Questions
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Market-linked GICs are a sort of hybrid investment vehicle: part GIC, part stock market investment. A portion of the money you invest is used to guarantee the initial principal at maturity — it is a fixed income investment. Another portion of the amount invested is invested in the stock market. This can be linked to economic sectors or geographic regions. Market-linked GICs usually have a theme to them, such as focusing on an industry, exclusively national, international, emerging-market stocks, or more recently, responsible investing.

Unlike a traditional GIC, a market-linked GIC is tied to a particular stock market index - like financial, healthcare or insurance services - which gives the investor an opportunity to benefit from market gains to a limited maximum.

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Historical returns provided are for informational purposes, past performance is not indicative of future returns.

3-year Terms maximum potential cumulative return actual return received by member
June 2, 2021 - June 3, 2024 7.00% 7.00%
April 6, 2021 - April 8, 2024 7.00% 7.00%
Feb 3, 2021 - Feb 5, 2024 7.00% 7.00%
Dec 2, 2020 - Dec 4, 2023 12.00% 12.00%
Oct 2, 2020 - Oct 2, 2023 12.00% 12.00%
Aug 5, 2020 - Aug 8, 2023 12.00% 12.00%
Jun 4, 2020 - Jun 7, 2023 12.00% 12.00%
Apr 3, 2020 – Apr 3, 2023 12.00% 12.00%
Feb 7, 2020 - Feb 7, 2023 12.00% 11.47%
Dec 4, 2019 - Dec 5, 2022 12.00% 12.00%
Oct 4, 2019 - Oct 5, 2022 12.00% 12.00%
Aug 9, 2019 - Aug 9, 2022 12.00% 12.00%


5- year Terms maximum potential cumulative return actual return received by member
June 7, 2019 - June 7, 2024 20.00% 20.00%
April 5, 2019 - April 5, 2024 20.00% 20.00%
Feb 6, 2019 - Feb 6, 2024 20.00% 20.00%
Dec 7, 2018 - Dec 7, 2023 20.00% 20.00%
Oct 4, 2018 - Oct 4, 2023 20.00% 16.24%
Aug 8, 2018 - Aug 8, 2023 20.00% 17.85%
Jun 7, 2018 - Jun 7, 2023 20.00% 20.00%
Apr 4, 2018 – Apr 4, 2023 20.00% 20.00%
Feb 9, 2018 - Feb 9, 2023 20.00% 20.00%
Dec 7, 2017 - Dec 7, 2022 20.00% 13.54%
Oct 4, 2017 - Oct 5, 2022 20.00% 18.84%
Aug 11, 2017 - Aug 11, 2022 20.00% 20.00%

 

You could experience a higher than usual interest rate payment on the maturity date of a winwin® term depending on the final index performance. In the final year, the interest rate paid would be the difference between the final rate of return minus the minimum annual rate already paid. Please seek independent tax advice as required for your unique financial situation.

Not sure which investment is right for you?

We can help. Visit a branch or call us at 1-888-597-6083, and let's find the right solution together.


Learn more about term deposits/GICs


 

From November 1, 2021, to November 21, 2021, the members of First West Credit Union voted on special resolutions that, among other things, authorize First West to apply to become a federal credit union under the Bank Act. If First West becomes a federal credit union, it will automatically become a member of the Canada Deposit Insurance Corporation (CDIC) and Credit Union Deposit Insurance Corporation of British Columbia deposit insurance will no longer apply. See attached Notice for further detail on what this change means to your deposits with First West.
 

® Registered trademark of First West Credit Union

Terms and conditions:

  1. Historical returns provided are for informational purposes only, past performance is not indicative of future returns.
  2. This deposit may neither be negotiated nor transferred. No amount in principal shall be redeemed or payable before the date of maturity.
  3. This deposit and minimum interest accrued on the deposit is 100% guaranteed.
  4. The interest paid at maturity is subject to a maximum. If the yield of the Securities is higher than the maximum cumulative return at maturity, then the interest paid will match this maximum.
  5. This deposit may not be hypothecated or given as security.
  6. Given the features of this kind of investment, you should check with your advisor to make sure that such an investment meets your investment objectives as the investment is not suitable for everyone.
  7. The above statements and information are for informational purposes only. The information contained above is not complete and is qualified in its entirety by the full terms and conditions of the winwin® term deposit. Please speak with an advisor to review the full terms and conditions of the winwin® term deposit.

*Rates as of the start date communicated in the disclosed promotion period.
The minimum guaranteed annual interest rate is paid out annually and does not compound. This product has a ceiling that determines the maximum return that you may receive at maturity. Terms and conditions apply.
The return of a winwin® term deposit depends on the performance of the index return that it is linked to over a certain time period, the Minimum Guaranteed Return and the Maximum Potential Cumulative Return.

  • If the index return is between the Minimum Guaranteed Return and the Maximum Potential Cumulative Return, you will receive the principal plus the index return.
  • If the index return is below the Minimum Guaranteed Return, you will receive the principal plus the Minimum Guaranteed Return.
  • If the index return is above the Maximum Potential Cumulative Return, you will receive the principal plus the Maximum Potential Cumulative Return.
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PLANNING AND ADVICE THAT GROWS WITH YOU

Good advice starts with a conversation about your unique situation. We’ll work with you to understand your overall investment strategy and make recommendations on the right mix of investment solutions for your financial goals. 

Let’s talk about your financial wellbeing.