We at KCU can help build a savings and investment strategy that includes Term Deposits.
Term deposits are a safe and secure way to grow your savings and offer a 100% guarantee on your investment. You can invest in short or long term products and redeemable or non-redeemable to suite your needs.
Term deposits can be included in a registered plan or can be purchased on their own.
It is a good idea to invest funds, not required in the immediate future, in a Term Deposit Account. The funds placed in Term Deposits grow faster, as they earn a higher rate of interest. This is a very good option for keeping savings for a rainy day or accumulating savings for a bigger investment. Secured Line of Credit / Overdraft Facility or a secured Credit Card can be taken against the security of Term Deposits.
To learn more about this and other investment products please contact the branch.