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.
EARN MORE ON A 12 & 18 MONTH TERM
Get a guaranteed rate of 2.15%* on a limited-time, 1-year non-redeemable term deposit or 2.25%* on a limited time, 18-month non-redeemable term deposit.
This offer is available for new deposits of $500+, and is eligible for both registered and non-registered products. Offer ends March 2, 2020.
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.
TWO UNIQUE PRODUCTS TO CHOOSE FROM:
- Advantage Market Financial Services: Rate of return linked the performance of Canadian financial institutions.
- 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
Chinook Select: Min Deposit $2,500.00
60 Months - Interest Paid Annually
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 to 3 years
3 to 4 years
4 to 5 years
Variable: Min Deposit $10,000.00 (Interest Paid Monthly; Redeemable after 30 days)
Less than 1 Year: Min Deposit $500.00 (Interest Paid Lump Sum on Maturity)
39 to 59 days
60 to 89 days
90 to 179 days
180 to 269 days
270 to 364 days
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
- 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
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The Legal Stuff:
*Terms and conditions apply. Limited time offer. All rates and products are subject to change without notice. Promotional rate available for personal deposits only. This offer is eligible for new investments to Connect First Credit Union between $500 and $2,000,000. A new dollar amount of $500 must be applied to investment to qualify for the promotional rate. New dollar amount shall be defined as money transferred in from an external source within the last 30 days. All principal and interest is 100% guaranteed by the Credit Union Deposit Guarantee Corporation, excluding common shares, investment shares, and mutual funds. This offer is eligible for non-registered investment products, RSPs, RIFs and TFSAs. This promotional rate is only available for personal and agriculture investments.
**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 20% 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.