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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 planning expert

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

Don Halleran, PFP, FICB

Wealth Management Advisor
Financial Planner, Credential Asset Management Inc.
341 Freshwater Road
St. John’s NL A1C 1B7
(709) 758-8253
(709) 693-4110
dhalleran@nlcu.com

Tina Skinner, PFP

Wealth Management Advisor
Financial Planner, Credential Asset Management Inc.
38 Main Street
Corner Brook NL A2H 1C3
 (709) 634-5341
 (709) 632-0363
tskinner@nlcu.com

Greg Murray, CFP

Wealth Management Insurance Advisor
Finacial Planner, Credential Asset Management Inc.
51 Commonwealth Avenue
Mount Pearl NL A1N 1W7
 (709) 747-9415
 (709) 690-4990
gmurray@nlcu.com

Peter Bishop

Wealth Management Insurance Advisor
Wealth Management Advisor, Credential Asset Management Inc.
1 Pinsent Drive
Grand Falls-Windsor NL A2A 2S8
 (709) 489-9051
 (709) 486-4958

pbishop@nlcu.com

Donna McGrath

Wealth Management Advisor
341 Freshwater Road
St. John’s NL A1C 1B7
 (709) 754-2312
dmcgrath@nlcu.com

Suellen Fudge

Wealth Management Advisor
6 Roe Avenue
Gander NL A1V 1W5
 (709) 256-3537
sfudge@nlcu.com

 

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
0.500
Short Term Deposit - 30-59 Days
0.800
Short Term Deposit - 60-89 Days
1.000
Short Term Deposit - 90-179 Days
1.200
Short Term Deposit - 180-364 Days
1.300
Long Term - 1 Year
2.000
Long Term - 2 Years
2.500
Long Term - 3 Years
2.750
Long Term - 4 Years
3.100
Long Term - 5 Years
3.500
Long Term - 7 Years
4.000

*Rates subject to change. Terms and conditions may apply.
 

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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