Term Deposits

A term deposit is a specified principal amount invested by a member, usually at a guaranteed rate of interest for a designated term. Williams Lake and District Credit Union offers a choice of investments with the flexibility of a short or long term.

Excellent rates for short term (30-364 day) deposits and longer term (1-5 year) deposits.

Non-redeemable term deposits offer a better-than-average rate of interest for a fixed period of time.

Special rates are offered on term deposits over $100,000.

Interest is paid either at maturity, annually, semi-annually or monthly and automatically credited to the account of your choice.

Can be used as security for a low interest rate loan.

Early redemption feature is available, subject to an interest rate reduction.

Contact your Williams Lake and District Credit Union branch, where staff will be pleased to provide you with more information.

Index-Linked Terms

Williams Lake and District Credit Union now has index-linked term deposits!

Index-linked term deposits allow you to diversify your investments by allocating your funds in stocks, bonds and cash equivalents without risking your principal investment. This is a Canadian investment product that is linked to the S&P/TSX 60 Index.

Term deposit rates have been low. Index-linked term deposits are an attractive way to enhance your potential returns while ensuring that your initial investment remains secure.

Unlike a traditional term deposit with a pre-determined interest rate, your potential rate of return is based on the index value at the initial investment date and the participation rate of the index-linked term deposit.

These term deposits are offered in either a three year non-redeemable or a five year non-redeemable term.

No management fees or commissions are applied!

When you invest in a Williams Lake and District Credit Union index-linked term deposit, your rate of return is not diminished by the management fees or commissions that are charged by a financial planner or investment company.

Track your investments performance!

You can track your investment performance by visiting the following links.

Three year index-linked term deposit.

Five year index-linked term deposit.

How your rate of return is calculated

The index-linked term deposit rate of return is based on the performance of the S&P/TSX 60 index.

This index includes the 60 largest companies on the Toronto Stock Exchange as measured by market capitalization.

Market-Linked Guaranteed Investments

Williams Lake and District Credit Union has Market-linked Guaranteed Investments.

Market-Linked Guaranteed Investments contain a basket of securities comprised of 10 international companies. Each company has the same weight in the basket.

Term deposit rates have been low. Market-linked Guaranteed Investments are an attractive way to enhance your potential returns while ensuring that your initial investment remains secure.

  • Market-Lined Guaranteed Investments guarantee a minimum annual compound rate of return over the life of the investment

Unlike a traditional term deposit with a pre-determined interest rate, your potential rate of return is based on the Market value at the initial investment date and the participation rate of the Market-Linked Guaranteed Investment.

These term deposits are offered in either a three year non-redeemable or a five year non-redeemable term.

  • 3 Year Term MLGIs will pay a percentage difference between the Starting Value and the Average of Set Values of the Ten (10) securities on the final Valuation Date, multiplied by the Participation Rate, multiplied by the Principal Amount. Up to a maximum of 12%
  • 5 Year Term MLGIs will pay a percentage difference between the Starting Value and the Average of Set Values of the Ten (10) securities on the final Valuation Date, multiplied by the Participation Rate, multiplied by the Principal Amount. Up to a maximum of 22%

No management fees or commissions are applied!

When you invest in a Williams Lake and District Credit Union Market-linked Guaranteed Investment your rate of return is not diminished by the management fees or commissions that are charged by others working on a commissioned basis.

Track your investment performance!

You can track your investment performance by visiting the following link.

Market-Linked Guaranteed Investment

How your rate of return is calculated

3 Year Consumer Staples (HOW ARE RETURNS CALCULATED)

Up to the issue date, your investment generates interest at 0.50% per year. Between the issue date and the maturity date, the return is based on variations in the benchmark prices, up to a maximum of 12%.

To reduce the effect of a potential market pullback, we factor in the average of the monthly price readings during the last three months of the term.

At maturity if the
portfolio cumulative return
The Rate of Interest will
is less than 1.50% be 1.50%
ranges between 1.50% and 12.00% match the actual cumulative return
is more than 12.00% be 12.00%

This investment is not eligible for dividends paid on the benchmark securities.

Return on the investment is not affected by changes in exchange rates even if prices are in foreign currencies.

For full details on how return is calculated, please see the Investment Agreement.

Variable return is based on changes in the prices of the benchmark securities and could be nil at maturity. However, this investment pays a guaranteed return and your capital is guaranteed at maturity.

5 Year Health Care (HOW ARE RETURNS CALCULATED)

Up to the issue date, your investment generates interest at 0.79% per year. Between the issue date and the maturity date, the return is based on variations in the benchmark prices, up to a maximum of 22.00%.

To reduce the effect of a potential market pullback, we factor in the average of the monthly price readings during the last three months of the term.

At maturity if the
portfolio cumulative return
The Rate of Interest will
is less than 4.00% be 4.00%
ranges between 4.00% and 22.00% match the actual cumulative return
is more than 22.00% be 22.00%

This investment is not eligible for dividends paid on the benchmark securities.

Return on the investment is not affected by changes in exchange rates even if prices are published in foreign currencies.

For full details on how return is calculated, please see the Investment Agreement.

Variable return is based on changes in the prices of the benchmark securities and could be nil at maturity. However, this investment pays a guaranteed return and your capital is guaranteed at maturity.

     

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