REFERRAL PERKS®
For a limited time, earn $200* for you and your friend for every successful referral.
For a limited time, earn $200* for you and your friend for every successful referral.
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A market-linked term deposit with a guaranteed minimum return and the potential to earn more.
Principal investment protected
Guaranteed minimum return
Higher return potential than traditional term deposits/GICs
If you already bank with us, book an appointment to open with an advisor. And if you're new to us, become a member in only a few minutes.
Or call us at 1-888-597-6083.
Principal investment protected
Guaranteed minimum return
Higher return potential than traditional term deposits/GICs
If you already bank with us, book an appointment to open with an advisor. And if you're new to us, become a member in only a few minutes.
Or call us at 1-888-597-6083.
Is this investment account right for you?
Right for you if:
Might not be right for you if:
winwin® market-linked GICs are made up of two complementary components combined to offer you the best of both worlds:
winwin® FINANCIAL SERVICES market-linked GIC (registered/non-registered/business)
Rates Effective: 2024-11-19 |
Rate |
---|---|
Minimum guaranteed annual rate (3 year) |
0.99
|
Maximum potential cumulative return (3 year) |
30.00
|
Minimum guaranteed annual rate (5 year) |
0.79
|
Maximum potential cumulative return (5 year) |
50.00
|
3-year term deposits purchased within the above promotion period will be issued February 10, 2025 (issue date) and will mature on February 10, 2028 (maturity date). 5-year term deposits purchased within the above promotion period will be issued December 10, 2024 (issue date) and will mature on February 12, 2030 (maturity date).
Benefit from the growth potential of eight carefully selected major Canadian financial and insurance institutions with limited exposure to market downsides.
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.
The basket of securities is linked to 8 equally weighted major Canadian financial & insurance institutions.
COMPANY | STOCK MARKET |
---|---|
Bank of Montreal | Toronto |
Bank of Nova Scotia | Toronto |
Canadian Imperial Bank of Commerce | Toronto |
Intact Financial Corporation | Toronto |
Manulife Financial Corporation | Toronto |
National Bank of Canada | Toronto |
Royal Bank of Canada | Toronto |
Sun Life Financial Inc. | Toronto |
Historical returns provided are for informational purposes, past performance is not indicative of future returns.
3-year Terms |
|||
---|---|---|---|
issue date / maturity date |
minimum guaranteed annual rate | maximum potential cumulative return | actual return received by member |
Oct 4, 2021 - Oct 4, 2024 | 0.10% | 10.00% | 10.00% |
Aug 4, 2021 / Aug 6, 2024 | 0.10% | 7.00% | 7.00% |
June 2, 2021 / June 3, 2024 | 0.10% | 7.00% | 7.00% |
April 6, 2021 / April 8, 2024 | 0.10% | 7.00% | 7.00% |
Feb 3, 2021 / Feb 5, 2024 | 0.10% | 7.00% | 7.00% |
Dec 2, 2020 / Dec 4, 2023 | 0.50% | 12.00% | 12.00% |
5- year Terms |
|||
---|---|---|---|
issue date / maturity date |
minimum guaranteed annual rate | maximum potential cumulative return | actual return received by member |
Oct 4, 2019 - Oct 4, 2024 | 0.80% | 25.00% | 25.00% |
Aug 9, 2019 / Aug 9, 2024 | 0.80% | 20.00% | 20.00% |
June 7, 2019 / June 7, 2024 | 0.80% | 20.00% | 20.00% |
April 5, 2019 / April 5, 2024 | 0.80% | 20.00% | 20.00% |
Feb 6, 2019 / Feb 6, 2024 | 0.80% | 20.00% | 20.00% |
Dec 7, 2018 / Dec 7, 2023 | 0.80% | 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 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.
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.
Terms and conditions:
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*Rates as of the start date communicated in the disclosed promotion period.
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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.
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