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Term Deposits

A secure place to grow your hard-earned money.

 

Are you ready to light up your savings?

At Northern Savings, your savings can shine bright with a Harvest term deposit, earning you a 3.40% interest rate in year three. Sit back and watch your money grow, with a fully redeemable and 100% guaranteed term deposit. Book an appointment >
Offer available until December 1, 2024.
  • $500 minimum investment ($100 for members aged 18 and younger)
  • No maximum investment amount
  • Fully cashable
  • Guaranteed return
  • Funds stay local and help grow our communities
*Rates subject to change without notice. Weighted average interest of term is 3.18%.
All money on deposit with a B.C. credit union is 100% guaranteed, including foreign currencies and accrued interest.

Whether it’s saving for a big purchase or a stress-free retirement, our term deposits have you covered

Choose from a variety of term lengths and options to fit your financial goals and needs.
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Depositors are 100% protected!

Your eligible deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia.
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Funds are invested back into your community!

We put members' investments to work in the community, supporting local people, businesses and not-for-profits.

Explore our term deposit options

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Fixed Term Deposits

These secure investments are available in a variety of terms and are fully redeemable at maturity. 

  • Term availability: 30 days - 5 years
  • Interest paid annually or at maturity
  • Available as registered (RRSP, TFSA, RRIF) or non-registered
  • Competitive interest rates, guaranteed for length of term
  • Minimum investment amount: $500 ($100 for youth)
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Cashable Term Deposits

Invest knowing the option to withdraw your funds is available should the need arise.
  • Term availability: 12 months 
  • Interest paid at maturity 
  • Available as registered (RRSP, TFSA, RRIF) or non-registered
  • Competitive interest rates, guaranteed for length of term
  • Minimum investment amount: $500 ($100 for youth)
Note: Interest not be earned if term is redeemed within first 90 days.
 

Ready to apply?

Start saving for tomorrow, today!

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Check out our competitive rates

Check out our current term deposit rates and promotions.

Diversify your investments

Save time managing your investments with professionally managed mutual funds.
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Try our investment calculators

See how you’re progressing against your financial goals with our easy-to-use calculators.

 

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