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Term Deposits
Term Deposit Receipts (TDR) provide a secure, worry-free investment for long-term funds. With flexible interest rates, investment terms, and automatic renewal options, TDRs provide a great way to save and earn money with a guarantee of principal and interest. Plus, deposits are insured under the terms of the Credit Union Deposit Guarantee Corporation.
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$500 minimum deposit
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Simple rate of return
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Compounding rate of return
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Interest can be paid monthly
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Available as a Tax-Free Savings Account (TFSA) - optional