Wealth

Easy Start

  • Non-Redeemable, registered.
  • 1-year term.
  • $5.00 up front1. Minimum required investment of $1,000 must be reached within one year.
  • Access to funds at maturity only.
  • Interest Is compounded annually and is paid in full at maturity.
  • Automatic reinvestment at current rate2.
  • Earn tax sheltered compound interest at a guaranteed rate.
  • Flexibility to make scheduled periodic deposits to meet the required investment amount3.
  • Fully guaranteed by Credit Union Deposit Guarantee Corporation4.

Rates

1 year0.75%

Fees

Transfer out: $100

Duplicate official receipt: $15

Refund of excess contributions: $25

Non-redeemable

  • Non-redeemable, non-registered.
  • 1, 2, 3, 4 or 5 year terms5.
  • Minimum investment $1,000.
  • Access to funds at maturity only.
  • Interest is compounded annually and is paid in full at maturity (or upon redemption).
  • Minimum quarterly statements.
  • Automatic reinvestment at current rate2.
  • Potential to earn a higher interest rate than a savings account.
  • Generally, longer term lengths earn a higher rate of interest.
  • Fully guaranteed by Credit Union Deposit Guarantee Corporation4.

Rates

1 year1.00%
2 years1.25%
3 years1.35%
4 years1.50%
5 years1.65%

Fees

Transfer out: $100

Duplicate official receipt: $15

Refund of excess contributions: $25

Redeemable

  • Redeemable, non-registered.
  • 1-year term.
  • Minimum investment $1,000.
  • Access to funds anytime on or after 90 days.
  • Interest paid at maturity (or upon redemption).
  • Minimum quarterly statements.
  • Automatic reinvestment at current rate2.
  • Provides the option of cashability prior to maturity.
  • Potential to earn a higher interest rate than a savings account.
  • Fully guaranteed by Credit Union Deposit Guarantee Corporation4.

Rates

1 year0.80%

Fees

Transfer out: $100

Duplicate official receipt: $15

Refund of excess contributions: $25

Savings

  • Redeemable, registered.
  • No minimum investment6.
  • Access to funds full or partially cashable at any time7.
  • Interest Is calculated on the daily closing balance8 and is paid semi-annually on June 30 and December 31 to the investment.
  • Earn tax sheltered interest.
  • Fully guaranteed by Credit Union Deposit Guarantee Corporation4.

Rates

Variable Rate0.30%

Fees

Transfer out: $100

Duplicate official receipt: $15

Refund of excess contributions: $25

  1. If such action is required, interest paid on the deposit shall be reduced to 50% of the interest earned to the date of cancellation.
  2. Unless other instructions provided prior to maturity.
  3. The scheduled periodic transfer amount may be changed (subject to minimum required investment restrictions).
  4. www.cudgc.sk.ca
  5. 3-year convertible feature is available at time of purchase. If converted, value of initial deposit must be matched or increased and must be reinvested to, at the minimum, satisfy the remainder of the 3-year term.
  6. The investment may be opened prior to deposit of funds.
  7. Withdrawals are subject to legislated withholding tax requirements and any locked-in restrictions.
  8. Interest on the variable RRSP is based on a floating rate.