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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 offfer 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.

 

Book An Appointment 

 

 

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.

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

 

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

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

 

 

 

Alberta Plus: Min Deposit $100.00

6 Month Regular

1.10%

Chinook Select: Min Deposit $2,500.00

60 Months - Interest Paid Annually

2.50%

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

1.70%

2 to 3 years

2.00%

3 to 4 years

2.15%

4 to 5 years

2.25%

5 years

2.50%

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%

The Legal Stuff:

*Rates effective as of 7 November 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. 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.