Term Deposits

Usually term deposits are grouped into short term (30-180 days) and long term (one-five years) categories with minimum deposit requirements from $1,000 to $10,000 and interest paid monthly, quarterly or annually. Some term deposits may be redeemed while others are not cashable until maturity. Laddering is a popular investment strategy whereby the maturity dates of term deposits are staggered so that funds are available when required and interest rates are leveraged over a longer period of time. VPCU provides a full range of regular and special term deposits to meet member’s needs.