Get the earning potential of a long-term investment with the flexibility to redeem once a year.
Get a great rate in the first half and a guaranteed higher rate to finish the term strong in the second half with a StepUp® 9PLUS9 term deposit.
First 9 months
Second 9 months
Or align your investments and your values without compromise with our winwin EarthLink™ market-linked GIC. Benefit from guaranteed rates and higher yield potential of environmentally conscious companies.
3-year potential return
Why invest in a term deposit / GIC?
Term deposits (also known as guaranteed investment certificates or GICs) are low risk investments that are well suited for short-term saving goals and can also complement your long-term investment plans. Your returns are guaranteed and your savings are more easily accessible. If you’re saving money for an emergency fund or a down payment in the next five years, a term deposit is a really great option.
How to open your term deposit
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StepUp® 9PLUS9 rates are expressed per tier, interest is paid annually and at maturity.
The interest rates are subject to change without notice. Terms and conditions apply.
*The PRIMECONNECT® interest rate is expressed as an annual rate and is paid annually and at maturity. Interest rate is linked to the First West Credit Union prime rate.
winwin® rates are cumulative over the entire 5 year term. This product has a ceiling that determines the maximum return you may receive 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.
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.