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Junior Term Deposit

The Junior Term Deposit (GIC) is designed for children under 18 who want to start saving for their future.  Whether it’s money from a part time job, allowance or gifts, setting small amounts of money aside when you’re young can really pay off when you are starting post-secondary education, saving for your post-grad trip or saving for a big ticket item. Learning to save is an invaluable lesson that will start you on the right financial path for years to come.

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  • Short and Long Term Deposits (GIC) available

  • Minimum deposit $100

  • Competitive interest rates (price matching approved by management)

  • Fixed rate provides security against interest rate fluctuations

  • Interest calculated daily, deposited annually and paid upon maturity

  • Term will automatically renew at maturity date with a 10 day grace period to change the term or redeem

  • Members with terms 60 days or more will receive a notice when their investment is nearing maturity

  • Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA)


Your deposits are protected.

At Oshawa Community Credit Union, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA).
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