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Guaranteed Investment Certificates (GICs)
and Term Deposits

Choosing a YNCU guaranted investment is a sure way to watch your money grow safely. No matter what you're saving for, we have a term and cashable option to suit your needs. Our rates are very competitive and your investment is protected by the Deposit Insurance Corporation of Ontario (DICO).

Stress-Free GIC - only available until November 30, 2008

Balance - Security - Strength - Guaranteed!
Isn't that what you're loking for in your investments?

For a limited time, we're offering the Stress-Free GIC for 3 or 5-year terms. Your investment is protected by the Deposit Insurance Corporation of Ontario (DICO) and you're guaranteed to earn interest - so you can relax!

 
3-year term
5-year term
 
Up to $24,999
$25,000 & over
Up to $24,999
$25,000 & over
Year 1
2.50%
2.60%
2.50%
2.60%
Year 2
3.00%
3.10%
3.15%
3.25%
Year 3
5.60%
5.70%
3.65%
3.75%
Year 4
N/A
N/A
4.25%
4.35%
Year 5
N/A
N/A
8.00%
8.10%
Avg Yield
3.70%
3.80%
4.31%
4.41%

Cashable on the anniversary date and up to 5 days following. RSP eligible. Minimum deposit $1,000.

Fixted-rate Stress-Free GIC for RIF

  Up to $24,999 $25,000 & over    
3-year term 3.70% 3.80%    
5-year term 4.31% 4.41%    


Your additional GIC options

All of our GICs with terms of 90 days or longer are RRSP and RRIF eligible.

  • Short-term deposits:
    Terms from 30 to 364 days, with a minimum deposit of $2,500 and fixed rate of interest.
  • Cashable deposit
    One-year term at a fixed rate of interest, with a minimum deposit of $1,000. This GIC may be cashed, without penalty, after 30 days.
  • Long-term, Non-cashable
    Deposits with terms of one to five years earn a higher rate of interest but are non-cashable. Minimum deposit is $500.
  • Monthly Interest GIC
    For term deposits of a minimum of $5,000, for periods of one to five years, at a fixed rate of interest, with interest paid monthly. Seniors (59+) earn an additional 0.15% interest.
  • Bond Beater Season - Amazing Rate Offers!
    A popular alternative to savings bonds, available during October and November each year.