Term Deposits

Kawartha Credit Union is pleased to offer members a wide selection of market-competitive term deposits with terms ranging from 30 days to five years. For more information on any of the term deposits listed below, please contact us.

View current Term Deposit Rates.

Index Linked Term Deposits

Ideal for investors who want to diversify their investment portfolio while protecting the principal of their investment. The return on these deposits is based on stock market performance.
  • Rate of return is linked to the average performance of the S&P/TSX 60 Index.
  • Principal amount invested is guaranteed against loss
  • Minimum $500 investment
  • 3 or 5 year terms available 
  • Eligible for RRSP/TFSA /Non-registered plans 
  • Investment is not available for early redemption
  • Non-renewable
  • DICO insured
Index-Linked Term Deposits are only available during specific time periods. Contact us for more information.  

Terms and conditions will vary based on the series offered.

Redeemable Investment Certificates

A Redeemable GIC can be a great investment for short and long-term goals, like saving for a major purchase, wedding costs, and retirement because you get the guaranteed rate of return for the period of your term, plus you can get access to your funds. Ideal for investors who want to access their money at any time while earning a higher interest rate than a savings account.

  • Cashable without penalty after 30 days
  • Minimum $500 investment
  • 1 year term available
  • Interest is calculated daily and will be compounded on the maturity date.
  • Eligible for RRSP/TFSA /Non-registered plans
  • Renewable
  • Automatic Investment Plan option is available
  • DICO insured

Guaranteed Investment Certificates – Annual Interest

Ideal for investors who want a higher rate of return than redeemable GICs. A non-redeemable GIC does not allow for access to the investment prior to the maturity of the term.
  • Minimum $500 investment
  • Selection of terms available – 1 to 5 year terms
  • Interest is calculated daily and paid annually – option of non-compounding and compounding interest
  • Eligible for RRSP/TFSA /Non-registered plans
  • Renewable
  • Early withdrawals are not permitted
  • DICO insured

Guaranteed Investment Certificates – Monthly Interest

Ideal for investors who want a higher rate of return than redeemable GICs and are looking for a steady source of income. A non-redeemable GIC does not allow for access to the investment prior to the maturity of the term.
  • Minimum $1,000 investment
  • Selection of terms available – 1 to 5 year terms
  • Interest is calculated daily and paid out monthly
  • Renewable
  • Early withdrawals are not permitted
  • DICO insured

Ratebuilder GIC

Ideal for the investor who wants flexibility and the benefit of annual rate increases while investing funds over the longer term.
  • Minimum $500 investment
  • 3 or 5 year terms available
  • Fixed step-up interest rate schedule
  • Interest is calculated daily - option of non-compounding and compounding interest
  • Eligible for RRSP/TFSA /Non-registered plans
  • Redeemable on each anniversary date
  • Renewable
  • DICO insured

Short Term Guaranteed Investment Certificates

Ideal for the investor who is looking to maximize their return but doesn’t want to lock in their money for too long. 
  • Minimum $5,000 investment
  • Selection of terms available – 30 to 270 days
  • Interest is calculated daily and paid at maturity
  • Renewable
  • Early withdrawals are not permitted
  • DICO insured

Odd Month Specials

Ideal for the investor who is looking to maximize their return with a minimal initial investment.
  • Minimum $500 investment
  • Selection of terms available
  • Interest is calculated daily and paid annually
  • Renewable
  • Early withdrawals are not permitted
  • DICO insured

Fall Savings Certificate

Ideal for investors who are willing to reduce their liquidity to earn a higher interest rate. 
  • Minimum $100 investment
  • 1 year term
  • Interest is calculated daily and paid annually
  • Renewable
  • Early withdrawals are permitted – if withdrawn prior to 90 days no interest will be paid
  • DICO insured
Available during the Canadian Savings Bond season only.