Term Deposits

All Deposits and Earned Interest, regardless of amount, are
100% GUARANTEED
by the Credit Union Deposit Guarantee Corporation

 Chinook Financial offers a complete range of investment products to meet your needs. Both the term deposit principal and interest are 100% guaranteed. Investors are advised on a monthly basis of maturity dates, current balances and interest payments.

Current Rates for these products can be found in the Rates section of our website.

Advantage Market Term Deposit

Advantage Market Term Deposit brings together the growth possibility of index markets and the stability and comfort of the Credit Union Deposit Guarantee.  It is an innovative option for capital protected solutions, offering simplicity, consistency and peace of mind.

Features:

  • Investment minimum of $500
  • Non-redeemable
  • 3 & 5 year terms
  • Potential upside gain of markets
  • No fees or commissions
  • Capital investment 100% guarantee
  • Fixed Redeemable

    • Terms from 30 to 364 days
    • $500.00 minimum investment
    • Fixed rate
    • Interest calculated daily and paid lump sum on maturity
    • Interest rate determined by market
    • If investment is redeemed prior to maturity, all accrued interest is forfeited

    Variable Term Deposits

    • 1 year term - automatically renews at expiry for same term
    • $10,000.00 minimum investment
    • Interest rate is variable and determined by market
    • Interest calculated daily and paid monthly
    • All accrued interest is forfeited if investment is redeemed in the first 30 days
    • After 30 days all accrued interest is paid if redeemed early

    Chinook "Select" Term Deposit

    • $2,500 minimum investment
    • Fixed to maturity rate
    • Interest paid annually
    • 60 month term
    • Redeemable prior to maturity on anniversary date
    • RRSP eligible

    Alberta Plus Term Deposit

    • 6 month term
    • $100.00 minimum investment
    • Fixed rate and determined by market
    • Interest is calculated daily and paid on expiry
    • All accrued interest is forfeited if redeemed prior to maturity

    Mortgage Investment Certificate (MIC) Term Deposits

    • 1 to 5 year terms
    • $1000.00 minimum investment
    • Variable rate, floats with average yield on the total first mortgage portfolio
    • Rate is adjusted monthly
    • Interest paid annually or monthly
    • Early redemption penalty is 1% of the principal balance for each remaining year or part thereof
     

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