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A Term Deposit or Guaranteed Investment Certificate (GIC) is a secure investment that guarantees to preserve your principal and your investment while earning interest at a fixed rate.
Mutual Funds are available to Kingston Community Credit Union members through our partnership with Aviso Wealth.
Confidently buy & sell stocks, bonds, ETFs and mutual funds with low trading fees.
Our Aviso Wealth Mutual Funds Investment Specialists will meet with you to discuss your investment options and create a personal plan that will help you meet your financial goals.
A reserve fund is a savings account or similar highly liquid asset used to set aside funds by a business or organization to meet future costs or financial obligations. The funds set aside may be used to cover scheduled, routine, and unscheduled expenses that would otherwise be drawn from a general fund.
Although the fund size may vary, the typical goal is to deposit funds regularly in an account that accrues interest, thereby increasing the fund’s value while not in use. Because expenses may arise unexpectedly, a reserve fund is typically kept in a highly liquid account, such as a savings account.
KCCU has many options to keep your business or organization’s reserve funds separate, safe, and earning income.
Speak with one of our Account Managers for more information on how to set up your reserve fund.
* *Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial 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. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated.
**Online brokerage services are offered through Qtrade Direct Investing. Mutual funds and other securities are offered through Aviso Wealth. Qtrade Direct Investing and Aviso Wealth are divisions of Aviso Financial Inc.
At Kingston Community Credit Union, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through FSRA.
A third party is an individual or entity, other than the account holder or those authorized to give instructions about the account, who directs what happens with the account. For example, if an account were opened in one individual’s name for deposits that are directed by someone else, the other person or entity would be a third party.
