GICs & Term Deposits

Grow Your Money Safely

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.

Your investment is protected by the Deposit Insurance Corporation of Ontario (DICO).  Deposit Insurance is UNLIMITED on registered accounts.  The maximum basic protection for eligible non-registered deposits is $100,000 (principal and interest combined) per member.

Long Term GICs Expand/Collapse

A long-term deposit is a great option for growing your money when you're saving for a long-term goal, with peace of mind knowing your principal is secure and your rate of return is guaranteed.

Minimum Deposit: $1,000
Redemption: Non-redeemable
Term length: 1 to 5 years
Eligibility: Non-registered and registered
Interest: Interest is paid annually or at maturity. Tiered interest rates: $1,000-$19,999; $20,000-$99,999; $100,000 and over

1Year Cashable GIC Expand/Collapse

A short-term deposit is a great option for growing your money when you have a short-term goal or when you will need access to your savings.  The 1 Year Cashable GIC offers the peace of mind of knowing your principal and rate of return are guaranteed.

Minimum Deposit: $1,000
Redemption: Redeemable
Term length: 1 year
Eligibility: Non-registered and registered
Interest: Interest is paid at maturity. Tiered interest rates: $1,000-$19,999; $20,000-$99,999; $100,000 and over

Monthly Pay GIC Expand/Collapse

If you're looking for a safe, secure and guaranteed investment that pays you regularly (rather than at maturity), consider our monthly interest Guaranteed Investment Certificate (GIC).

Minimum Deposit: $10,000
Redemption: Non-redeemable
Term length: 1 to 5 years
Eligibility: Non-registered
Interest: Interest is paid monthly
Tiered interest rates: $1,000-$19,999; $20,000-$99,999; $100,000 and over

Pay Yourself First GIC Expand/Collapse

The Pay Yourself First Guaranteed Investment Certificate (GIC) provides a simple way to support your financial goals by creating a monthly savings plan.

Minimum Deposit: No minimum deposit; a pre-authorized deposit is required.
Redemption: Redeemable
Term length: 1 year
Eligibility: Non-registered and registered
Interest: Interest is paid at maturity.  Interest is calculated on the daily balance so your interest increases as your investment grows.

Step Up GIC Expand/Collapse

A Step Up GIC is a great option for growing your money at an escalating rate, with the security of knowing your principal is protected.

Minimum Deposit: No minimum deposit; a pre-authorized deposit is required.
Redemption: Redeemable on the anniversary each year
Term length: 3 years or 5 years
Eligibility: Non-registered and registered
Interest: Interest is paid annually or at maturity.  Interest rate increases every year during the term.

Learn more about the Step Up GIC

Index Linked Term Deposit Expand/Collapse

An Index-Linked Term Deposit is a safe way to benefit from the potential growth of investing in the stock market. Your principal is 100% guaranteed while the interest is based on the performance of the S&P/TSX 60* index.

Minimum Deposit: $1,000
Rate: The rate of return on the deposit will be based upon the participation rate multiplied by the average return of the S&P/TSX 60* index over the term of the deposit.
Redemption: Non-redeemable
Term length: 3 year or 5 year
Eligibility: Non-registered and registered (RRSP and TFSA only)
Interest: Paid at maturity
 
Learn more about Index Linked Term Deposits


*"Standard & Poor's®" and "S&P®" are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Central 1 Credit Unkion and sublicensed by Your Neighbourhood Credit Union. "TSX" is a trademark of the Toronto Stock Exchange and has been licensed for use by Central 1 Credit Union and sublicensed by Your Neighbourhood Credit Union.  The Index-Linked Term Deposits are not sponsored, endorsed, sold or promoted by Standard & Poor's or the Toronto Stock Exchange and neither party makes any representation regarding the advisability of investing in these deposits.
 

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GIC SPECIALS, 15 or 25 months, up to 2.50%*

*$100,000 deposit for 25 months. Tiered rates for $1,000 and $20,000 deposits
RATE SPECIALS: We offer special terms throughout the year.  Watch our website, the e-mail newsletter, and our social media for campaigns.

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