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Term Deposits (GIC)

These are great options to consider whether you are looking for a long-term investment strategy or just somewhere to place your money for a little while. They’re safe, secure, offer steady growth and your return is guaranteed and protected under deposit insurance. 

 

 
 

Why Deposit Money into a Term?

  • Term Deposits are the same as a Guaranteed Investment Certificate (GIC)

  • Earn more interest than a regular savings accounts

  • Choose how long and how much you want to invest

  • Funds are guaranteed (both principle and interest), no risk of loss

  • Choose your contribution payment schedule (weekly, bi-weekly, monthly etc.) via auto-transfer from Oshawa Community accounts

  • Funds are protected under the Financial Services Regulatory Authority of Ontario (FSRA)

 

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List of rates for INTEREST PAID AT MATURITY
INTEREST PAID AT MATURITY Rate
30 - 89 Days
0.40
90 - 179 Days
0.30
180 - 264 Days
0.50
List of rates for 54 MONTH
54 MONTH Rate
4.5 Year
1.07
List of rates for 1 - 5 YEAR FIXED RATE NON-REDEEMABLE
1 - 5 YEAR FIXED RATE NON-REDEEMABLE Rate
1 Year
0.58
2 Year
0.71
3 Year
0.82
4 Year
0.95
5 Year
1.10

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At Oshawa Community Credit Union we strive to ensure there is a product for everyone. Understand the many different options you can use to help grow your money.

 
 

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View OCCU's competitive rates. 

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Funds held in non-registered accounts are insured up to $250,000. 

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See which product works best for you. 

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