Save on your own terms
Term Deposits
All deposits at Starnews Credit Union are insured to $100,000.00 by the Deposit Insurance Corporation of Ontario.
Short Term Deposits
A secure investment option that offers a guaranteed return at competitive rates. Minimum deposit of $500.00 required.
- Terms available for 30, 60, 90, and 180 days
- Interest rate guaranteed, and paid at maturity
- Redeemable prior to maturity
- Automatic renewal option offered. Short Term Deposits can be automatically renewed at maturity for the same amount (plus interest earned) and the same term, at the prevailing interest rate.
- No service charges
Long Term Deposits
A secure investment option that offers a guaranteed return at competitive rates with a minimum deposit of $500.00.
- 1 to 5 year terms
- RRSP eligible
- Interest paid at maturity or compounded back into deposit
- No service charges
Index-linked Term Deposits (subject to availability)
A secure investment option that offers a return based on the performance of the S&P/TSE 60 Index Funds. Make a minimum deposit of only $500.00.
- 3 or 5 year terms available
- RRSP eligible
- No service charges
To check the performance on your index linked term deposits, click here.
