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
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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

info@khalsacredit.com

We’ll reply within 2 hours during business hours, or the next business day after hours.

Book an Appointment

Request appointment time

We’ll reply within 2 hours during business hours, or the next business day after hours.

Visit a Branch 

Find a branch/ATM

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

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