Grow Your Savings. Give with Purpose.

Khalsa Credit Union's new Dasvandh Term Deposit lets you grow your savings, while making a positive impact in your community.

Dasvandh Term Deposit

One year GIC

3.5%

On top of the interest you will receive from this product, 10% of the interest amount will be donated to a Khalsa charity partner—at no cost to you

Safe & secure

Secure, simple, and value-aligned investment.

Fixed, guaranteed return

You earn the full interest on your term deposit.

Make an impact

Your savings help build a better community

Honoring our values

Live your faith through meaningful giving.

Dasvandh Term Deposit

Built on values. Focused on community impact.

Align your savings with the Sikh principle of Dasvandh.

Key features
- 1-year fixed term deposit (GIC)
- You keep 100% of the interest earned on your investment
- KCU donates 10% of the total interest earned to charitable causes

- Secure, guaranteed returns
- Deposits protected
- Available for registered and non-registered plans (if applicable)

Open a Dasvandh Term Deposit

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How it works

Invest in a 1-year Dasvandh Term Deposit - online or in branch or by phone
At maturity, you receive 100% of your earned interest
Khalsa contributes an amount equal to 10% of the total interest earned to local charities

How We Can Make an Impact Together

Our ‘triple bottom line’ people, planet, prosperity is at the heart of how we do business, and we actively use financial services and focused efforts in the community for the benefit of people, businesses, and the environment.

People

Our members are the reason we exist. We work hard to help our members achieve the financial future they desire.

Planet

A healthy financial future also requires a healthy planet. Working side-by-side with our members, we will protect our cherished planet.

Prosperity

Prosperity for members and the community is our fundamental focus. However, prosperity will not be blindly pursued at the expense of people and the planet.

Frequently Asked Questions

Does the community contribution affect my principal or return?

No. Your principal and your rate are never affected. You earn your full interest rate. KCU calculates 10% of the earned income from your Term Deposit, and pays that amount to the charity from KCU funds. For Example, if the agreed rate for the Dasvandh Term Deposit is 3.54%, you as the member will always get the full payout of that rate. KCU will pay 10% of the earned interest amount from KCU. Your savings stay protected under the CUDIC 100% deposit guarantee.

Do I get to choose who receives the donation?

Yes. KCU has established a list of supported organizations for giving. You can choose from any organization on the list. If you would like another charity included that isn’t on the list, please let KCU know. We are always looking for like minded partners that support our community.

Will I receive a tax receipt for the donation?

The contribution is made directly by KCU, not from your personal funds, so a personal charitable tax receipt does not apply to this donation.

When is the donation made to the nonprofit?

The contribution is paid within the first year of the term, and is paid directly by KCU.

Is there a minimum amount to invest in a Dasvandh GIC?

Minimum investment amounts follow standard KCU Term Deposit terms. Please speak to your advisor to confirm current minimums and available term lengths.

Can I access my money before the maturity date?

The Dasvandh Term Deposit follows standard Term Deposit terms, and is locked in agreement. Early withdrawal is not available. Please speak to your advisor about the options available for your specific Term Deposit.

What does "Dasvandh" mean?

Dasvandh reflects the Sikh principle of giving back a portion of your earnings to support the community.

Why did Khalsa Credit Union create this product?

This Term Deposit brings that value of faith-driven giving together with sound financial planning. It allows you to grow your savings safely while automatically extending your impact to causes they care about.

How do I get started?

Speak to your KCU advisor to get started.

Investment Advice

Talk to advisor if you have any questions

For a personal and proactive approach to managing your wealth, our KCU Advisors help you build a portfolio that aligns with your financial goals and risk tolerance.

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