Term Deposits

 

If you are looking for an investment product that provides you with peace of mind, zero volatility and a guaranteed return, term deposits may be the best fit for you. VPCU offers a wide range of short and long term Registered and Non-Registered term deposit products. We have terms as short as 30 days and as long as 5 years.
 
Product Facts
 
100% of the deposits are insured by the Credit Union Deposit Insurance Corporation. For more details, please click here.
 
What you see is what you get. Interest rates are guaranteed.
 
We offer Relationship Pricing to all eligible new and existing members for the majority of our term deposit products. That means it is a win-win for both yourself and VPCU if you bring over more business!
 
 
Product Q&A
 
Q – What should I invest in if I am currently saving up for the down payment on a new home purchase?

You may want to consider a term deposit with a shorter term length and with a redeemable feature. Locking in for too long a time does not provide you with the flexibility that you may require.
 
Q – Are you looking to reduce the volatility in your retirement investments?

If you have stock market related securities and are concerned with the volatility and are looking for some diversification, term deposits may be suitable for you. Unlike a mutual fund or an individual stock investment, term deposits provide you with a set rate of return. Most financial advisors recommend people to have more fixed income type investments, such as term deposits, as they get closer to their retirement years.
 
Q – What’s the best way to invest in term deposits?

An investment strategy called “Laddering” is commonly used to “smooth out” the interest rates mix in a portfolio. Laddering is an approach that staggers the maturity dates of the term deposits. This allows you to limit the fluctuation of interest rates over time. In other words, say a 5 year posted rate is currently higher than a 1 year fixed rate, it does not mean you should invest all your funds into the 5 year rate. If interest rates continue to rise, you may miss out on the rising rates. In contrast, if rates are on the decline you will limit the downside interest rate risk if your term deposits are staggered to mature at different times.
 
For more details please give us a call at 604 683 2434 or email at invest@vpcu.com


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