GICs & Term Deposits
Choosing a YNCU guaranteed investment is a sure way to watch your money grow safely. Both your principal and your return are guaranteed, regardless of what happens to interest rates. No matter what you're saving for, we have fixed-term or cashable options to suit your needs. Our rates are very competitive and your investment is protected by the Deposit Insurance Corporation of Ontario (DICO).
All of our GICs with terms of 90 days or longer are eligible for your registered plans (RRSP, RRIF, TFSA).
Short-term deposits
Terms from 30 to 364 days, with a minimum deposit of $2,500 and fixed rate of interest.
Cashable deposits
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 bonus interest.
"Junior" GICS
We lower the minimum deposit to $100 for our Members age 18 and under - to help them get a head start on saving. A Junior GIC makes a great gift for a child or grandchild!
