Index Linked Term Deposit

An Index Linked Term Deposit (ILTD) offers unlimited earning potential with zero risk to your principal investment. Like all term deposits your investment is locked in for a certain period of time; the difference is that with an ILTD your return is linked to the stock market rather than a guaranteed rate.

Index Linked Term Deposits are ideal for those who want earn a potentially higher return, without the risk of losing their principal investment. The return is calculated by the growth of the market index over the term.

Term Highlights

  • Principal is 100% guaranteed
  • No fees
  • Unlimited potential
  • Flexibility of 3 or 5-year terms
  • RRSP and TFSA eligible or invest in an unregistered GIC
  • Depositors are 100% protected by the Credit Union Deposit Insurance Corporation (CUDIC) of British Columbia
To open this term deposit or for more information, please contact us today or visit a Community Savings branch.

Details

  • Return = ((Average Value - Starting Value) ÷ Starting Value) x Participation Rate
    View current Three-year Index Linked Term Deposit returns here.
    View current Five-year Index Linked Term Deposit returns here.
  • Non-Redeemable
  • Registered product - also available as a registered RSP or TFSA product.
  • Unlimited Deposit Insurance - The Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), a statutory corporation, protects all deposits of all British Columbia credit union members. Detail

Minimum Deposit

  • $500