An Index Linked Term Deposit (ILTD) offers unlimited earning potential with zero risk to your principal investment. Like all term deposits your investment is locked in for a certain period of time; the difference is that with an ILTD your return is linked to the stock market rather than a guaranteed rate.

Index Linked Term Deposits are ideal for those who want earn a potentially higher return, without the risk of losing their principal investment. The return is calculated by the growth of the market index over the term.

Term Highlights

• Principal is 100% guaranteed
• No fees
• Unlimited potential
• Flexibility of 3 or 5-year terms
• RRSP and TFSA eligible or invest in an unregistered GIC
• Depositors are 100% protected by the Credit Union Deposit Insurance Corporation (CUDIC) of British Columbia

To open this term deposit or for more information, please contact us today or visit a Ladysmith & District Credit Union branch.

Details

• Return = ((Average Value - Starting Value) ÷ Starting Value) x Participation Rate
  View current Three-year Index Linked Term Deposit returns here.
  View current Five-year Index Linked Term Deposit returns here.
• Non-Redeemable
• Registered product - also available as a registered RSP or TFSA product.
• Unlimited Deposit Insurance - The Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), a statutory corporation, protects all deposits of all British Columbia credit union members.

Minimum Deposit

• $1000