Commercial & Business > Products > Term Deposits

SASCU gives you sound investments with higher interest rates than most banks. Choose your term from 30 days to 5 years.

Term Deposits

When you invest your hard-earned savings, you want the best return you can possibly get. And, you want a secure investment that you do not have to worry about.

You will get a higher interest rate plus the peace of mind knowing that your investment is solid and secure. Terms are available from 30 days to 5 years.

Deposit Protection

The Credit Union Deposit Insurance Corporation of British Columbia, a government corporation, protects the deposits of all credit union members.

On November 27, 2008, the Provincial legislature passed amendments to the Financial Institutions Act to provide UNLIMITED DEPOSIT INSURANCE PROTECTION on all deposits in British Columbia’s credit unions through the Credit Union Deposit Insurance Corporation (CUDIC). CUDIC guarantees that all money on deposit and money invested in non-equity shares with a BC credit union is 100% guaranteed, including foreign currencies and accrued interest, regardless of the length of the term to maturity.

Current details on deposit insurance are available at the Financial Institutions Commission website at www.fic.gov.bc.ca.

Visit any of our 3 branches for a CUDIC brochure, Your Guide to B.C. Credit Union Deposit Insurance. If you have any questions regarding deposit protection, visit one of our 3 branches today.