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Term Deposits (GICs)

CHINOOK FINANCIAL TERM DEPOSITS ARE 100% GUARANTEED*.

Invest with the certainty of a fixed interest rate and returns. Choose a timeframe, deposit your money, and get a known outcome with Chinook Financial Term Deposits. We offer a complete range of investment products to meet your needs, and investors are advised on a monthly basis of maturity dates, current balances and interest payments.

 

Plus, get a rock solid 100% Deposit & Interest Guarantee* on all of your invested capital and investment income, unique to credit unions.

 

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ADVANTAGE MARKET INVESTMENTS DELIVER RESULTS

Advantage Market Non-Redeemable Term Deposit brings together the growth potential of the stock market with the comfort of the Credit Union Deposit Guarantee. These unique products offer a rate of return linked to the market performance of key economic sectors with a guaranteed minimum interest income, plus your capital is 100% guaranteed at maturity regardless of market movements**. It’s free of administration fees and purchase commissions! 

 

Diversify your portfolio today with a 3-year or 5-year Advantage Market capital protected investment, offering simplicity, consistency and peace of mind.  A minimum $500 investment is required and it's eligible as a Term Deposit, Tax-Free Savings Account or Retirement Savings Plan.

 

FOUR UNIQUE PRODUCTS TO CHOOSE FROM:

 

  • Advantage Market Financial Services: Rate of return linked the performance of Canadian financial institutions.
  • Advantage Market Consumer Staples: Rate of return linked to the performance of international consumer staples companies.
  • Advantage Market Health Care: Rate of return linked to the performance of international health care industry companies.
  • Advantage Market Canadian Diversified: Rate of return linked to the performance of a diversified range of Canadian companies.

 

Explore Your Term Deposit Options

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: Min Deposit $100.00

6 Month Regular

1.10%

Chinook Select: Min Deposit $2,500.00

60 Months - Interest Paid Annually

2.75%

1 to 5 Years: Min Deposit $1000.0 (Interest Paid Monthly Less 0.50%; Semi-Annual Less 0.25%; Annual/Compounded)

1 to 2 years

2.05%

2 to 3 years

2.25%

3 to 4 years

2.35%

4 to 5 years

2.45%

5 years

2.75%

Variable: Min Deposit $10,000.00 (Interest Paid Monthly; Redeemable after 30 days)

Under $100,000.00

0.75%

Over $100,000.00

0.85%

Less than 1 Year: Min Deposit $500.00 (Interest Paid Lump Sum on Maturity)

39 to 59 days

0.20%

60 to 89 days

0.40%

90 to 179 days

0.55%

180 to 269 days

0.60%

270 to 364 days

0.65%

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

 

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

 

Mortgage Investment Certificate (MIC) Term Deposits

The Mortgage Investment Certificate (MIC) provides a rate based on the average yield of the current mortgage portfolio. The longer you invest the higher rate of return you receive.

  • 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

 

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

The Legal Stuff:

*Rates effective as of 4 December 2017. Terms and conditions apply. All principal and interest is 100% guaranteed by the Credit Union Deposit Guarantee Corporation, excluding common shares, investment shares, and mutual funds. All rates and products are subject to change without notice. Rates subject to change daily. All trademarks are the property of their respective owners. The advice on our website is prepared without knowing your personal objectives, financial situation or needs. Before you act on this or any advice, please consider if it's right for you, and reach out to our teams to help determine if the product is appropriate for you. Legal Terms of Use apply.

**Advantage Market offers a return that ranges between the guaranteed minimum return and the predetermined maximum return. If the market advances, you receive a variable return of up to the predetermined maximum. If the market pulls back, you receive the minimum guaranteed return and your capital is 100% guaranteed. The maximum possible cumulative return for Advantage Market is 22% on a five-year non-redeemable term deposit.

***Chinook "Select" Term Deposits are only redeemable on the annual anniversary date with a penalty of 1% of the principal balance to a maximum of $100.00.