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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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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Rates and Fees

View OCCU's competitive rates. 

Financial Services Regulatory Authority

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

Registered Products

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