Flexible, secure savings solutions to meet your needs
Achieve your savings goals faster with zero risk
Save for your goals, get extra features
Stress-free savings power — Your investment will have guaranteed interest rates
Stress-free savings power
Your investment will have guaranteed interest rates
Zero Risk, all the reward
Depositors are 100% protected*
Customizable for your goals
A variety of terms & options to suit short & long-term needs
More time earns you a higher rate
The longer you save, the better your rate
Registered product eligible
Your term deposit can be part of a registered plan
Support your neighbours
Local deposits turn into loans for Island residents & businesses
Term deposit options
Whether you’re saving for a major purchase or building your retirement nest egg, we have the right term deposit option for you.
RATE CLIMBER
Escalating rate, added flexibility
The Rate Climber term deposit is perfect if you’re looking for a longer term investment that rewards you with more interest every year.
Key features:
- Rate increases each and every year
- 3 or 5 year terms
- The longer the term, the more you earn
- Fully or partially cashable on each anniversary
CASHABLE AND REDEEMABLE
The flexibility you need for your short-term goals
If you want an easily accessible and flexible place to build your savings, a Cashable or Redeemable term deposit is a great choice.
Key features:
- Cashable term deposits can give you access to your funds at any time
- Redeemable term deposits give you access to your funds at any time
- Terms from 30 days to 5 years
NON-REDEEMABLE
Lock in to enjoy higher rates
If you don’t need ready access to your money, a longer term non-redeemable term deposit helps maximize your return.
Key features:
- Lock into a set term from 30 days to 5 years and receive higher rates than redeemable options
- The longer the term, the higher the rate
RATE OPTION
Take advantage of rising rates
This popular option gives you the security of a locked-in rate and the flexibility to change to a new rate when rates are rising.
Key features:
- 2, 3, or 5 year terms
- If rates rise, you have the option to convert to the new interest rate once during the term
90-DAY CONVERTIBLE
Lock in rates with the ability to convert anytime
If you need a short-term and flexible place to park your funds, the 90-Day Convertible Term Deposit is a great option.
Key features:
- Perfect for parking money temporarily
- Convertible to another term deposit at any time
PRIME LINKED GIC
Variable interest rate
This product offers a variable interest that is linked to changes in Coastal Community’s Prime Rate which may occur during the term.
Key features:
- 5 Year term
- Variable Rate set at CCCU Prime Rate
- Partially or fully redeemable on annual anniversary, with no penalty
- Minimum deposit $500
US DOLLAR
Save and earn in US dollars
If you have US dollars, earn interest on your money until you’re ready to use or convert it.
Key features:
- Save and earn interest without converting your US funds
- Lock into a set term from 30 days to 5 years
- The longer the term, the higher the rate
JUNIOR REDEEMABLE TERM DEPOSIT
18 and under starter investment
The Junior Redeemable Term Deposit is a great starter investment for members 18 and under.
Key features:
- Annual interest paid to another account on anniversary date
- Features non-redeemable rates
- Minimum deposit $100
FROM THE LEARNING CENTRE
Rising Rates and Your Savings
Are you wondering about the impact of the recent rate hikes on deposit accounts? Find out what this means for your savings, chequing and term deposit accounts.
*Deposits with B.C. Credit Unions are fully guaranteed. Protection provided by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).