Term Deposits

Earn more interest than a bank- right here at Cornerstone Credit Union

Sound too good to be true? But it's not! At Cornerstone, our deposit rates always remain competitive with the big five banks. And compared to the big five, our posted rates are higher - much higher! Contact us today, or visit your branch!

 

If you're looking for a secure, worry-free investment that guarantees you a set return over a fixed period, we have options! All of our term deposits are fully guaranteed by the Credit Union Deposit Guarantee Corporation.

Easy Start

If you're looking to start saving for a long term investment, or saving for a future holiday or household renovations, our 12 month Easy Start Investment is a great option!

  •  $5.00 minimum investment required to set up. $1,000 minimum must be reached at end of term.
  • 12 month term length
  • Non-redeemable
  • Pre-authorized deposits are required – can be set to any frequency and changed at any time
  • Additional deposits can be made any time and any amount

 

Redeemable

A Redeemable Investment is suitable to those that like the freedom in knowing they can access their funds if/when they need them; or have the ability to redeem and place in a higher rate or different investment.

  • $1,000 minimum investment
  • 12 month term length
  • Redeemable in full after 90 days without penalty or rate reduction.
  • No interest paid if redeemed within first 90 days.
  • Withdrawals can be made any time after 90 days, minimum withdrawal of $1,000. Minimum balance of $1,000 must be maintained.
  • Additional deposits can be made any time and any amount

Non-Redeemable

The Non-Redeemable Investment provides investors with a higher rate of interest and is locked in for the length of the term.

  • $1,000 minimum investment
  • 12 to 60 month term lengths available
  • Non-redeemable
  • Convertible option available on 3-year term length. Convertible into a new non-redeemable investment of equal or greater length than the remaining life

Index/Equity Linked

If you're looking for a longer-term investment tied to the stock market but don't want to take a lot of risk, Index- and Equity-Linked investments may be right for you.


Index/Equity Linked Investments blend a guaranteed investment product with the capacity to generate market-like returns. You have the potential to achieve unlimited returns with the comfort of knowing there is no risk to your principal.

Cornerstone (through SaskCentral) currently offers three index/equity linked products:

MARKETFLEX® Index-Linked Investment, where the return on investment is linked to the Canadian Stock Market


PRAIRIES BASKET™ Equity-Linked Investment, which allows investors to profit from the success of companies in Alberta, Saskatchewan and Manitoba.


NORTH AMERICAN BASKET™ Equity-Linked Investment, where returns are based on the performance of 12 North American companies, each representing equal weighting within the basket.

Full details on Cornerstone’s Investment Suite

 

Need more information on which investment is right for you? We can help!

 

 

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