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Savings & Investments
Package Plans and Member Services
Members can now enjoy the option of having many general or specific banking services fall under one monthly administration fee. To get set up, just meet with one of our helpful staff for a few moments and get the complete rundown. Deposit Insurance Protection
Deposits at the credit union are protected up to $100,000 by the Deposit Insurance Corporation of Ontario. Ask for their brochure or look at their web-site listed on our links page. Daily Interest Savings Accounts
Earn interest every day. Interest is calculated on the daily closing balance and paid monthly. ATM accessible. Christmas Club Special Savings
A superb way to save for Christmas expenses or a winter vacation. Interest is calculated on the minimum monthly balance and is paid monthly. Fees for withdrawals apply except in November and December when withdrawals are free. Regular Savings Account
A general purpose savings account. Interest is calculated and paid monthly. Personal Chequing Accounts
The credit union offers a variety of chequing account types to suit your particular needs:
Mutual Funds*
Mutual funds* are available at the credit union through Credential Asset Management Inc. Members interested in investing in mutual funds should contact the Mutual Funds Investment Specialist located in the King Street (Westdale) Branch. Mutual Funds* are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured nor guaranteed, their values change frequently and past performance may not be repeated. Term Deposits - GIC's
Available for terms from 30days to 5 years. Minimum deposit may be as low as $500.00. Rates of interest depend on the length of term and the amount of the investment. Rate Escalator Step-Up Term Deposits
Five year term deposit with rates escalating on each anniversary date. Interest rate grows and compounds annually. Minimum deposit is $1,000.00. Step-up term deposits are not withdrawable prior to maturity. Registered Retirement Savings Plans
Variable and Fixed rate plans. Fixed rate plans available from 30 days to 5 years. There are no opening or ongoing transaction fees. A fee may apply to early withdrawals or transfers outside the credit union system. Rate Escalator Step-Up Term R.R.S.P.
Five year term R.R.S.P. deposit with rates escalating on each anniversary date. Interest rate grows and compounds annually. Minimum deposit is $1,000.00. Step-up R.R.S.P's are not withdrawable prior to maturity. Credit Union R.R.S.P.'s are deposit insured to $100,000 per plan. There is no maximum to the number of plans a member may own. Registered Retirement Income Funds
Variable and Fixed Rate plans. Fixed plans available from 1 to 5 years.
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