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Prospera term deposits provide the security of guaranteed interest rates.
Personal investing

Term deposits

Get guaranteed returns, whether you want flexibility or can lock in longer to benefit from a higher rate.

Protect your savings

Market ups and downs aren’t for everyone — or for all your money. For security and stability, choose term deposits that are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia. You’ll benefit your local community too, because we invest term deposits locally.

With term deposits, you get:

  • Higher interest rates
  • Guaranteed rates
  • Short or long terms

With savings accounts, you get:

  • Lower interest rates 
  • Market rates 
  • Access to your savings anytime

Not sure which to choose?

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Non-redeemable

Get a better interest rate if you don’t need to touch your money before the maturity date.
Shorter term

Non-redeemable term deposit (up to 12 months)

Park money and earn interest for a short time.

  • Invest $500 or more
  • Terms of 30 to 364 days
  • Not redeemable before maturity
  • Interest paid at maturity
Longer term

Non-redeemable term deposit (12 to 60 months)

Invest towards a cost that’s a few years away.

  • Invest $500 or more
  • Terms of 1 to 5 years
  • Not redeemable before maturity
  • Interest paid monthly or annually

Cashable

Stay flexible with the option to withdraw your money anytime after 30 days.
Not locked in

Cashable term deposit

Invest for one year without locking in your money.

  • Invest $500 or more
  • Term of 1 year
  • Redeemable after 30 days
  • Interest paid at maturity

Rate climber

Enjoy higher rates the longer you stay invested — but you can cash out at the end of each year.
Medium term

Rate climber term deposit (3 years)

Invest for an adventure three years from now, with an annual opportunity to redeem.

  • Invest $500 or more
  • Term of 3 years
  • Redeemable on annual anniversary
  • Interest paid annually
Long term

Rate climber term deposit (5 years)

Invest for a goal that’s five years away, with an annual opportunity to redeem.

  • Invest $500 or more
  • Term of 5 years
  • Redeemable on annual anniversary
  • Interest paid annually

Re-investable

If interest rates rise, you can cash out early and re-invest in a non-redeemable term deposit of equal or greater length.
Shorter term

Re-investable term deposit (15 months)

Lock in for 15 months, with the option to switch to a higher-rate term deposit during your term.

  • Invest $500 or more
  • Term of 15 months
  • Can switch to non-redeemable
  • Interest paid at maturity
Longer term

Re-investable term deposit (2 to 5 years)

Lock in for 2 to 5 years, with the option to switch to a higher-rate term deposit during your term.

  • Invest $500 or more
  • Terms of 2 to 5 years
  • Can switch to non-redeemable
  • Interest paid annually

Non-redeemable US dollar

Earn interest on extra US dollars without converting currencies.
Shorter term

Non-redeemable US term deposit (up to 12 months)

Park your US dollar savings until your next cross-border shopping trip.

  • Invest $500 or more
  • Terms of 30 to 364 days
  • Not redeemable
  • Interest paid at maturity
Longer term

Non-redeemable US term deposit (12 or 24 months)

Grow your US dollar savings for travel or spending that’s a year or two away.

  • Invest $500 or more
  • Terms of 1 or 2 years
  • Not redeemable
  • Interest paid annually
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Local banking means investing in the next generation.

We want to build a nurturing and supportive environment for all the children in our communities.

Why join

Ways to bank with us

The many ways you can access your accounts, documents, statements, and more:
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Wealth planning

Wealth planning

Wealth services aren’t just for the ultra wealthy. Your bank balance shouldn’t determine whether or not you get access to financial planning advice. Ask us about wealth planning, because it’s never too late or too early to start.

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How to reach us

Call our Member Service Centre

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1-888-440-4480

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Saturday 9 am - 5 pm

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