Term Deposits

• terms between 1 year and 5 years
• rates available by contacting Erickson Credit Union.
• interest calculated daily and paid on the anniversary date of the term.

When you've got specific goals in mind, there's nothing more satisfying than watching your hard-earned money grow in a secure investment!

You can count on credit union GICs (Guaranteed Investment Certificates) to earn competitive interest rates. Plus, you'll enjoy peace of mind knowing your investment is solid and secure. We can work with you to determine the amount and frequency of your deposits and help you select the terms that suit you best...

Plus, we'll guarantee the interest rate for whatever length of term you choose. Check out our rates!

Term Deposits- Redeemable

• Interest is paid at anniversary date
• Deposits offered from 1 year to 5 years with a minimum of $500.00 deposit ($100.00 for Headstart or Fat Cat accounts)
• Penalty for early redemption, varying with remaining term.
• Automatic renewal available
• All transactions are itemized in the consolidated monthly statement
• All funds are guaranteed by the Credit Union Deposit Guarantee Corporation

Term Deposits- Non Redeemable

• Our highest rates of interest are paid on these term deposits
• Deposits offered from 1 year to 5 years with a minimum deposit amount of $500.00 ($100.00 for Headstart or Fat Cat accounts)
• Automatic renewal available
• Interest is paid on the anniversary date
• All transactions are itemized in the consolidated statement
• All deposits are fully guaranteed by the Credit Union Deposit Guarantee Corporation

Bonus Rates

Bonus rates are available based on the amount of business you conduct with Erickson Credit Union. Contact us for details.

Index-Linked GICs
Index-Linked guaranteed certificates are term deposits with a twist. Instead of earning an interest rate that is known from the beginning of the term, your interest return will be based on the performance of the stock market.

• Your original deposit is 100% guaranteed
• Minimum deposit of $ 1000.00
• RSP Eligible
• Return based on Canadian or US index's
• Subject to availability