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Term Deposits

Term Deposit Receipts (TDR) and Debentures provide a secure, worry-free investment for long-term funds. With flexible interest rates, investment terms, and automatic renewal options, TDRs and Debentures provide a great way to save and earn money with a guarantee of principal and interest. Plus, deposits are insured under the terms of the Credit Union Deposit Guarantee Corporation.

TDR: $500 minimum deposit
Debenture: $100 minimum deposit

  • Simple rate of return
  • Compounding rate of return
  • Interest can be paid monthly

Index-Linked Term Deposits

Index-Linked Term Deposits are fixed term deposits that pay a return based on the performance of the S&P/TSX 60 Index*. Index-Linked Term Deposits have the security of principal protection. No matter what happens to the stock market, you are guaranteed the return of your principal when your investment matures. You chose a fixed term of 3 or 5 years. Rate of return is calculated on the performance of the TSX.

 *Standard & Poor's® and S&P® are trademarks of The McGraw-Hill Companies, Inc.


Meet your local business experts

We can show you the different investment options available and help prepare an investment plan that makes sense for you.

Chantal Welsh

Business Centre Branch Manager
NLCU Business Centre
240 Water Street
St. John’s NL A1C 1B7
 (709) 758-0933

Sheila Hynes-Brenton

Commercial Business Advisor III
NLCU Business Centre
240 Water Street
St. John’s NL A1C 1B7
 (709) 758-0936

Dafna Ziv

Commercial Business Advisor II
NLCU Business Centre
240 Water Street
St. John’s NL A1C 1B7
 (709) 758-0944


See our latest Term Deposit rates

List of rates for Term Deposits and Debentures*
Term Deposits and Debentures* Rate
Short Term Deposit - 7-29 Days
Short Term Deposit - 30-59 Days
Short Term Deposit - 60-89 Days
Short Term Deposit - 90-179 Days
Short Term Deposit - 180-364 Days
Long Term - 1 Year
Long Term - 2 Years
Long Term - 3 Years
Long Term - 4 Years
Long Term - 5 Years
Long Term - 7 Years

Turn your vision for the future into reality.

Not everyone’s goals are the same. At NLCU, you define your vision for success, and our local experts create a personalized action plan to get you there.
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