Investing
Just For You, Our Members
When it comes to financial products and services, we want to provide you with a varied and attractive range of choices. From “good old” savings accounts to mutual funds*, you’ll find a complete array of financial options for your consideration.
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. At Osoyoos Credit Union, we can offer you high interest investments with flexibility - short or long term.
• Excellent rates for short term (30-364 day) deposits, and for 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 or annually, automatically credited to the account of your choice or compounded to the term.
• Interest paid monthly (minimum deposit requirement)
• Can be used as security for a low interest rate loan
• Early redemption feature is available subject to an interest rate reduction (from original deposit date on redeemable term deposits).
Members Choice Term (Non-Redeemable)
This product offers the option of 3, 4 or 5 year terms. The three year term offers the ability to adjust the rate once during the life of the term. The four and five year terms offer the ability to adjust the rate twice during the life of the term. Minimum deposit required.
Eighteen Month Term (18 Month)
A term deposit that allows the member to earn a higher rate of interest and have the ability to redeem the term on the Primary account holder’s birth date or the anniversary date of the term. This term is also available in US funds. Minimum deposit required. Super Saver
A one year term deposit, cashable after 90 days with no interest penalty. Minimum deposit required. Annual Interest Term
A one year term deposit, cashable after 30 days with no interest penalty. Minimum deposit required.
Monthly Interest Term (Non-Redeemable)
A term with a minimum deposit of $5,000.00, allowing the member monthly interest payable to the
*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 funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.
