HOW TO SAVE FOR YOUR FIRST CAR
How much should you spend on a new set of wheels? Before you start kicking tires, it’s important to set a budget, shop around, and work out the best
financing option.
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Grow your money with companies that share your views on social and environmental issues. These products are available for limited time periods through 3 and 5 year term Market-Linked GICs.
Term |
$1,000 or more |
3 Year Term |
Earn up to 9.14% annually |
5 Year Term |
Earn up to 9.16% annually |
20 international companies make up this fund, representing a variety of economic sectors, including renewable energies. These companies have been carefully selected for their commitment to the environment and the initiatives they implemented to reduce the environmental impact of their operations. Click here for more details on our Green Neighbourhoods Guaranteed Investment.
Term |
$1,000 or more |
3 Year Term |
Earn up to 6.41% annually |
5 Year Term |
Earn up to 7.71% annually |
What is a Market-Linked GIC?
A Market Linked GIC (MLGIC) is a unique investment product that offers principal protection at maturity and return linked to various underlying assets including equities, fixed income, commodities and mutual funds. Features include:
Capital 100% guaranteed at maturity
Higher potential return through access to financial markets
Protection against currency risk
Protected by deposit insurance from FSRA
Market-Linked GICs are considered a qualified investment and can be held in an RRSP. Learn more about the savings benefits of our Registered Retirement Savings Plans.
2019 Your Neighbourhood Credit Union Limited. All rights reserved.
Your Neighbourhood Credit Union (YNCU) is a licensed credit union operating in, and under the laws of, the province of Ontario. The Financial Services Regulatory Authority of Ontario (FSRAO) provides insurance coverage for our member's deposits.