If you’re looking for a secure investment to add to your portfolio, term deposits with Bulkley Valley Credit Union will help you earn a good return on your money without facing many of the risks inherent in other investments. Our range of products is designed to be flexible and competitive to meet your specific needs — terms from 30 days to 5 years, redeemable or non-redeemable, compounding or non-compounding, automatically renewed or not, and your choice of interest payment frequencies (annually, semi-annually, quarterly or monthly). With a minimum deposit of $1000 ($100 for youth accounts) our terms are affordable no matter what your budget.
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Annual Interest Rate
A term deposit is an investment, a fixed amount of money that is deposited for a fixed period of time.
There is no difference between a Term Deposit and a Certificate of Deposit (CD), a CD is simply a type of Term Deposit. A Certificate of Deposit is issued by a bank, and a Share Certificate is issued by a Credit Union.
If the amount deposited if not needed for the fixed term of the depotst, a term deposit will yield a higher rate of interest. The interest rate of term deposits is higher than the interest paid on a savings account.