Term Deposits
Start your investment savings plan with term deposits that offer guaranteed interest rates and returns.
A simple, secure, and flexible way to invest
Choose from a wide variety of risk-free term deposits at competitive rates to meet your financial needs.
Term deposits
Redeemable and Cashable
With a cashable/redeemable term deposit, enjoy a guaranteed rate of return with the flexibility and ease to access your funds at any time.
Redeemable
- One- to five-year terms
- Fully cashable without penalty
- $500 minimum balance
Cashable
- 30-, 60-, and 90-day cashable terms
- $500 minimum deposit with no maximum limit
- No interest is paid on early redemption
Term deposits
Non-Redeemable
A non-redeemable term deposit provides you with security and peace of mind when investing your money while enjoying a higher rate of return.
Key Features
- 30-day to 5-year terms
- Access funds at maturity only
- Longer term deposits earn a higher rate of interest
- Can be included in RRSP, TFSA RIF or other registered plans
Term Deposits
Index-linked
Linked to the S&P Toronto Stock Exchange 60 Index, this term deposit is ideal for members seeking potential higher rates of return while guaranteeing their principal.
Key Features
- 1-, 3-, or 5-year terms
- Offers the potential to earn higher returns linked to stock market performance
- Principal investment is protected
- Free of commission or management fees
- Free of commission or management fees
Investment Advice
Maximize your returns with a tiered approach
“Laddering” is a simple and effective investment strategy that staggers the maturity dates of your term deposits, in order to ensure funds are available when you need them.
Registered Savings Plans
It’s never too early to start investing in your family’s future
Whether you are saving for a home, your child’s education, or securing your retirement, find the right investment option to help you achieve your financial goals.
- TFSA
- RESP
- RRSP
Banking with Khalsa
Extended Hours
Select branches are open on Saturdays and Sundays, and until 8 pm on weekdays.
Free Chequing Account
Start with a free account that includes all the current digital banking tools.
Secure Mobile App
Download our app to manage your day-to-day banking from your smartphone.
Access 4000+ ATMs
Free deposits and withdrawals at over 4,000 Ding-Free ATMs across Canada
Contact Khalsa Credit Union
Email Us
We’ll reply within 2 hours during business hours, or the next business day after hours.
Book an Appointment
We’ll reply within 2 hours during business hours, or the next business day after hours.
Extended hours at select branches to help you
Mon-Fri 10:00 AM- 8:00 PM • Saturday 10:00 AM- 5:00 • Sunday 12:00 PM- 4:00 PM
Khalsa Credit Union
The name you can bank on
