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Worry-free savings


Term Deposits offer flexibility with interest rates, investment terms, and automatic renewal options. Your deposits are insured under the terms of the Credit Union Deposit Insurance Corporation, so they’ll be safe as you save.

Key benefits:

  • Peace of mind with deposit insurance
  • Invest risk-free
  • Flexible rates and terms
  • Build money over the term
  • Include in other registered plans

Flexible options:

  • Terms from 1 to 5 years
  • Redeemable and non-redeemable
  • Index-linked available for higher growth potential
  • Flexible 3-year escalator
  • Competitive interest rates

Non-redeemable

Lock in at a higher rate


Put your money away, and watch it grow. Lock in for a specific term and be guaranteed a higher interest rate. Save smarter with a term deposit.

  • Enjoy a higher return than regular savings accounts
  • No risk to your principal contribution
  • Invest for 1 to 5 years

Index-linked

Low risk investing


Security and saving go hand in hand. Get the benefits of investing in the stock market without the risk. Enjoy higher growth potential.

  • Potential for higher growth based on market performance
  • No risk to your principal contribution
  • Choose a 3 or 5 year term

Escalator

Escalate your returns


This option is the best of both worlds. You get a higher interest rate guaranteed during the 3 year term, with the flexibility to access your money on each anniversary date.

  • Take advantage of an annually increasing interest rate
  • Option to cash in on each anniversary
  • No risk to your principal contribution

Redeemable

Invest with confidence and freedom


A redeemable term deposit allows you to invest confidently, knowing you have access to your money if you need it and more growth potential than a regular savings account.

  • Retain access to your money
  • Relax with no risk to your principal
  • Enjoy more growth potential than a savings account


Interest rates


Flexible terms and rates



Rates for some of our most popular term deposits include:

3 year escalator

3.72%*

5 year term

4.00%

3 year term

3.50%
View all rates

(Rates effective 2022-06-24)
*Average over 3 years (3.30%, 2yr. 3.60%, 3yr. 4.25%)

Understanding investing

Term deposit vs high-interest savings account


When financial security and savings growth are your goals, both term deposits and high-interest savings accounts will get you there. Which one is right for you? As always, an East Coast CU advisor can help.

Term deposits:

  • Secure, low-risk investment
  • Fixed interest rate
  • Fixed term

High-interest savings accounts:

  • Variable interest rates
  • Easy deposits and withdrawals
  • No term limit

Start saving smarter with these options

RRSP


Save for retirement and save on taxes in the meantime— this option can do it all.


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RRIF


Manage retirement income by using the funds saved in your RRSP.


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TFSA


Set money aside and watch it grow throughout your lifetime, tax-free.


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Mutual Funds


Invest in the stock market, and benefit from the income it generates.


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Responsible Investing Portfolio

Invest in companies with a proven environmentally positive record.


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RESP


Start saving for your child’s education with added government benefits.


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Investment advice

Work with an expert advisor like Anastasiya Kamzeev


An investment advisor can help you make sense of investing, find the right stream for you, and get your portfolio off the ground.

  • Get started with term deposits
  • Find the best options for your needs
  • Develop personalized strategies with ongoing advice