Personal Products & Services > Term Deposits > Rate Risers
At times when interest rates are low, a Rate Riser may fit the bill.
As with all our term deposits, the principal and return are guaranteed and they qualify for deposit insurance protection.
Rate Riser 3 Year Term
- Minimum $500 investment
- 3 year term with rates that increase each year
- Cashable on each anniversary date
- TFSA, RRSP and RIF eligible
- Part of the Patronage Rebate Program
Rate Riser 5 Year Term
- Minimum $500 investment
- 5 year term with rates that increase each year
- Cashable on each anniversary date
- TFSA, RRSP and RIF eligible
- Part of the Patronage Rebate Program
Go the distance with SASCU and save.
To get started visit us in branch, give us a call or drop us an email.
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.
If you have any questions regarding deposit protection, call, email or visit one of our 3 branches today.
