THINGS TO KNOW BEFORE ENTERING THE HOUSING MARKET
At YNCU, we know entering the housing market is a daunting task. School does not prepare you for the financial risk you take when purchasing a home for the first time. We want to share with you some tips to help you enter the housing market, responsibly.
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Whether you're looking to build your business for the future or reach a short-term goal, a YNCU term deposit offers the security and growth your business needs.
With competitive interest rates and a guaranteed return on your principal investment, your money will work as hard as you do.
Rate
Rate is guaranteed for the entire term, unless redeemed prior to maturity
Terms
30 to 364 days redeemable terms are available. The term does not automatically renew.
Interest
Interest is paid at maturity.
Minimum Deposit
To begin growing your money, a minimum $500 deposit is required.
Principal Guaranteed
Enjoy the security of 100% guaranteed principal protection.
Rate
Enjoy the security of a guaranteed rate.
Terms
1 to 5 year non-redeemable and redeemable terms available. The term does not automatically renew.
Interest
Interest can be paid monthly, annually, or at maturity.
Minimum Deposit
To begin growing your money, a minimum $500 deposit is required.
Principal Guaranteed
Enjoy the security of 100% guaranteed principal protection.
Redeemable term deposits offer a slightly lower rate of return than non-redeemable term deposits.
However, non-redeemable term deposits offer a higher rate of return than redeemable term deposits, making them an attractive option for advancing your savings.
Let's stretch the potential of your business.
2023 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. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA) .