Terms

Redeemable
Non-Redeemable
Preferred Rate Investment
Easy Access Term
C.U. Bonus Builder
18 Month Term
Index-Linked Deposits

• Deposits where more than one member is designated, ownership shall be with the right of survivorship unless otherwise indicated.
• The ownership and proceeds of the term deposit are not assignable and not transferable other than to Eastend Credit Union as security.
• Term Deposits may be purchased with a minimum deposit of $500.00
• Notices will be sent to the member approximately two weeks prior to maturity.
• Interest rates on fixed terms are guaranteed for the duration of the term, but upon renewal the term is subject to the current rate.
• T-5 slips are issued yearly for interest paid in accordance with Revenue Canada regulations.

Redeemable

• Competitive interest rates.
• Available in both short (30-364 days) and long terms (1-5 years).
• Minimum deposit is $500.00
• Term deposits cancelled prior to maturity are subject to a penalty.
• Interest can be added to the term or credited to the account of choice.
• Interest will be paid annually on long term and at expiry for short term.
• Deposit will be automatically renewed for a like term if instructions are not received from the member.
• Notices will be sent to the member approximately two weeks prior to maturity.

Non-Redeemable

• Competitive interest rates.
• Available as long term deposits 1- 5 years.
• Minimum deposit of $500.00
• CAN NOT be cashed in prior to maturity, except in the case of death.
• Interest can be added to the term or credited to the account of choice.
• Money Market rates available for deposits of $50,000 or more.

Preferred Rate Investment

• Preferred Rates are paid to members investing funds exceeding $50,000.00 These investments are non-redeemable.

Easy Access Term

• Funds are invested for 364 days.
• Minimum deposit $5,000.00
• Partial withdrawals allowed in multiples of $1,000.00
• Can cancel at anytime without penalty.
• If cancelled within the first 30days, no interest will be paid.

C.U. Bonus Builder

• Five year Term Deposit.
• The interest rate increases each year of the term.
• The interest rates at the time of investment are guaranteed for the full five years.
• The interest can be compounded.
• The member has the option of canceling the investment each year on the anniversary date.

18 Month Term

• A non-redeemable Term Deposit.
• The interest is paid yearly on the anniversary date and then when it matures.

Index-Linked Deposits

• Prairie Basket
• 5 year non-redeemable term.
• Linked to the performance of a basket of 12 stocks from prairie companies.
• Return calculated on monthly averages throughout the length of the term.
• Maximum return is unlimited.
• If average basket value is less than when originally purchased, no interest is paid.
• Benefit from companies that are "close to home".
• Market Flex
• 3 year non-redeemable term.
• Pays a return based on the performance of Canada's 60 leading companies (S&P, TSX).
• Return based on overall average on monthly observations over the three year period.
• Maximum return is unlimited.
• If average index value is less than when originally purchased, no interest is paid.
• Principal investment is fully guaranteed by  CUDG.
• Global Market
• 5 year non-redeemable term.
• Linked to the performance of three foreign indices.
• Return calculated on monthly averages throughout the length of the term.
• Maximum return is unlimited.
• If average indices value is less than when originally purchase of these deposit types.