Destination: Wealth Building.
Secure steady returns for your financial future with Guaranteed Term Deposits.
Feeling a little stuck or bewildered when it comes to investing?
A StellerVista guide can get you on the right track.
It doesn’t matter if you have $50 or $50,000 to contribute. It doesn’t matter if you don’t have a clue what a TFSA is. The point is to build a plan and get started (or get back on track) of pursuing it. Our team can give you the tailored advice and support you need to start or reboot the savings plan that works for you.
Book a free, no obligation investment consultation and we know you’ll feel more comfortable and confident in your financial future.
Looking for more?
If you’re ready to go beyond the basics, StellerVista offers access to highly qualified wealth advisors who are certified to help you invest in meaningful ways. Whether you’re interested in bonds, mutual funds, index funds, or other securities, they have got the expertise to guide you, no matter where you’re starting. From self-guided investing to full financial planning and wealth management, our team will help you get started.
Community Bond Rates
Please note that all rates and promotional offers are subject to change without prior notice. Our credit union reserves the right to modify or end any rates and promotions at any time based on market conditions or other factors. We encourage our members to check our website regularly or contact us directly for the most current rate information.
Savings Opportunity for Building Wealth
StellerVista offers a full range of Term Deposits, from short to long term, at highly competitive rates.
Key Features
- RRSP, RESP, non-registered and TFSA eligible
- Provides considerable flexibility when it comes to investment options
- Terms from 30 days to five years with interest rates guaranteed for the length of the term
- Interest is paid annually or at maturity and automatically credited to the account of your choice
Maximize the tax benefits of
our registered plans
From RRSPs to TFSAs, we offer a range of tax-sheltered investment plans to help you save for your big goals.
Need to get a grip on your investments?
- Min Investment: $1,000 Series – New series are launched every two months
- Eligible Investment: RRSP, Non Registered and TFSA
- Redeemable: No
- Term Length: Choose a 3 year term or 5 year term
- NO fees and NO commissions
- Performance update of the 3 year index-linked term deposit
- Performance update of the 5 year index-linked term deposit
What is the difference between a term deposit and an index-linked term deposit?
A term deposit is an investment that’s held at a financial institution for (typically) a fixed length of time–anywhere from a few months to five years or more. It’s a no-risk investment and the rate of returns are secure and at this time, conservative.
An index-linked term deposit is one where the rate of return is linked to the stock market and therefore offers potentially higher growth. Your principal is guaranteed, but the performance of the market determines how much money you’ll make at the end of the term.
An index-linked term deposit takes some of the risk out of investing while capitalizing on the stock market’s potential.
Our Interest index-linked term deposit to help you reach your investment goals, reduce risk and worry while knowing you are investing into our local economy which helps to keep it vibrant.
Moreover, as a member-owner of StellerVista, you’re not just a customer; you’re a partner in our success. Profits generated are returned to you in the form of patronage and dividends, making you a direct beneficiary of our collective growth. This unique relationship ensures that your financial well-being is directly tied to the well-being of your community, reinforcing our promise to provide value that extends beyond banking.
How it works
Returns are calculated based on the performance of the S&P/TSX 60, as traded on the Toronto Stock Exchange, representing 60 publicly traded companies from Canada’s leading industries. In the very worst case, the investors will receive only their original investment at maturity.
The principal investment amount is 100% protected.
How returns are calculated
The calculation is based on the following rate and values.
Participation rate: The degree to which the return on the ILTD term is linked to the actual performance of the S&P/TSX 60 (100% for the five-year deposit).
Average value: Calculated by adding the monthly averaging date closing values for the index between the first valuation date and the maturity date and dividing that total by the months in the term (five-years = 60 months).
Starting value: Calculated at the close of business on a predetermined date (strike date).
S&P/TSX 60 Index
The S&P/TSX 60 Index tracks sixty foremost companies in leading industries in Canada, providing investors with a broad but manageable index. Candidates for the S&P/TSX 60 Index are evaluated for ample liquidity and efficient share pricing, as well as representation of important industry segments within Canada.
The S&P/TSX 60 Index provides economic diversity over ten market sectors. These include Materials, Industrials, Telecommunication Services, Consumer Discretionary, Consumer Staples, Energy, Financials, Health Care, Information Technology, and Utilities. S&P/TSX 60 INDEX 09 JUNE 2017 (Source: www.tmxmoney.com)
A good hold
While the returns from market-linked term deposits may not be as high as what you might get by playing the stock market, you can rest easy knowing you won’t lose your principal no matter how poorly the stock market performs.
Tax implications
Our Interest Index-linked term deposits are RRSP and TFSA eligible, making them another tool for reducing your taxable income.
The climb
Although you can track S&P/TSX 60 online there’s no way to calculate exactly how much money you’ll earn until the term expires. If you’re banking on a steady injection of cash, you may want to consider an alternative low-risk investment, like a high-interest savings account or our Community Bond.
Although you can track S&P/TSX 60 online there’s no way to calculate exactly how much money you’ll earn until the term expires. If you’re banking on a steady injection of cash, you may want to consider an alternative low-risk investment, like a high-interest savings account or our Community Bond.
Talk to us about how these term deposits may play a role in your investment strategy.
Your deposits are fully guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia. Contact us for details.
Do You Want to Learn More?
Get in touch!
We will be happy to discuss your goals and help you decide if an Index-linked term deposit will work for you.