Term Deposits/ GICs

A Term Deposit or Guaranteed Investment Certificate (GIC) is a secure investment that guarantees to preserve your principal and your investment earns interest at a fixed rate.

Features & Benefits:

  • Security and safety—both your original investment and interest payments are guaranteed
  • Competitive interest rates—guaranteed for the full term of the investment
  • Flexible investment terms—ranging from 30 days to 5 years
  • Automated renewals along with annual statements and maturity notices so that you can keep track of your investments
  • Can be used as security for acquiring credit facilities
  • Option to roll over principal only or principal plus interest earned
  • Deposit insured up to specified limits

Additional Information:

  • Interest is forfeited if deposit is broken before contracted maturity date

To compare our deposit accounts and GIC rates, we recommend you speak to a KCCU member service representative to make sure you get the right investment features for you.