Deposit Services

Investment Rates

Last Update: June 10, 2010 Printable Version

GUARANTEED INVESTMENT CERTIFICATES/TAX-FREE SAVINGS ACCOUNTS

CONTRACT CERTIFICATES
NON-REDEEMABLE
 
Amount Invested
Days Invested
$5,000 - $99,999
$100,000 - $249,999
$250,000 - $999,999
1-29
0.400 %
0.450 %
0.500 %
30-59
0.450 %
0.500 %
0.550 %
60-89
0.450 %
0.500 %
0.550 %
90-179
0.500 %
0.550 %
0.600 %
180-269
0.550 %
0.550 %
0.600 %
270-364
0.500 %
0.550 %
0.600 %
Interest paid at end of contract date to deposit account or automatically renewed if requested Minimum deposits of $5,000 for each certificate. (Youth and Non-Profit Organizations minimum $500)
(See notes 2; 3; 6)

TERM DEPOSITS
NON-REDEEMABLE
 
Amount Invested
Months Invested
$500 - $99,999
$100,000 - $249,999
$250,000 - $999,999
12-23
1.950 %
2.00 %
2.050 %
24-35
2.300 %
2.350 %
2.400 %
36-47
2.600 %
2.650 %
2.750 %
48-59
3.00 %
3.000 %
3.050 %
60
3.500 %
3.600 %
3.650 %
Interest based on annual payment of interest. Deduct .10% for semi-annual interest; deduct .25% for monthly interest. Monthly interest is only available on terms of $5,000 or more. Minimum deposit of $500 for each term. (Youth and Non-Profit Organizations minimum $100).
(See notes 2; 3; 6)

TERM DEPOSITS
REDEEMABLE
 
Amount Invested
Months Invested
$500 - $99,999
$100,000 - $249,999
$250,000 - $999,999
12-23
1.450 %
1.500 %
1.550 %
24-35
1.800 %
1.850 %
1.900 %
36-47
2.100 %
2.150 %
2.250 %
48-59
2.500 %
2.500 %
2.550 %
60
3.000 %
3.100 %
3.150 %
Interest based on annual payment of interest. Deduct .10% for semi-annual interest; deduct .25% for monthly interest. Monthly interest is only available on terms of $5,000 or more. Minimum deposit of $500 for each term. (Youth and Non-Profit Organizations minimum $100).
(See notes 2; 3; 4; 6)

REGISTERED (RRSP/RRIF)
GUARANTEED INVESTMENT CERTIFICATES
Trusteed by Concentra Financial.

CONTRACT CERTIFICATES
 
Amount Invested
Days Invested
$500 - $99,999
$100,000 - $249,999
$250,000 - $999,999
1-29
0.600%
0.650%
0.700%
30-59
0.650%
0.700%
0.750%
60-89
0.650%
0.700%
0.750%
90-179
0.700%
0.750%
0.800%
180-269
0.700%
0.750%
0.800%
270-364
0.700%
0.750%
0.800%
Interest paid at end of contract date to variable account. Registered variable rate savings applies after maturity if not renewed. Minimum deposits of $5,000 for each certificate.
(See notes 1; 3; 5)

TERM DEPOSITS
 
Amount Invested
Months Invested
$500 - $99,999
$100,000 - $249,999
$250,000 - $999,999
12-23
2.150 %
2.200 %
2.250 %
24-35
2.500 %
2.550 %
2.600 %
36-47
2.800 %
2.850 %
2.950 %
48-59
3.200 %
3.200 %
3.250 %
60
3.700 %
3.800 %
3.850 %
Interest paid annually or at maturity and compounded within the plan. Registered variable rate savings applies after maturity if not renewed. Minimum deposit of $500 for each term.
(See notes 1; 3; 5)

VARIABLE RATE SAVINGS
Amount Invested
$0 - $9,999 $10,000 - $24,999 $25,000 - $59,999
$60,000 or more
0.50%
0.75%
1.00%
1.25%
Tiered interest calculated on closing daily balance, paid semi-annually March 31 & September 30. Higher portions of balance earn higher rates. Minimum initial deposit of $100.
(See notes 1; 5)

TFSA VARIABLE
Amount Invested
$0 - $9,999 $10,000 - $24,999 $25,000 or more
0.50%
0.60%
0.75%

IMPORTANT NOTES

  1. Registered Plans (including NISA) do not participate in patronage payments.
  2. Failing notification in advance, Term Deposits and Contact Certificates will be credited to Plan 24 savings upon maturity.
  3. Highest rate will be paid if CD or Term Deposit greater than $5,000 and if aggregate funds invested in CDs and Terms with Swan Valley (whether registered or non-registered) at date of deposit meet required levels.
  4. Redeemable prior to maturity subject to penalty, except in the event of a serious medical emergency or the death of the depositor or a member of his/her immediate family, in which case the penalty may be waived.
  5. No registration or front-end loading fee, no administration fee, no transaction fees, no unloading or withdrawal fee or penalty. RRSP term deposits locked in for period selected, except in case of death, the purchase of an annuity or Registered Income Fund.
  6. Not transferable; assignable only to Swan Valley Credit Union as loan security.
  7. Any GIC's redeemed within 90 days of issue are redeemed without interest.
  • Interest rates are subject to change without notice. Rates on Term Deposits, Contract Certificates, and Fixed Rate RRSP's are guaranteed to maturity.
  • Credit Union Deposit Guarantee Corporation, a deposit insurance corporation that insures the deposits of all Manitoba Credit Unions, guarantees all deposits.
  • Any Patronage Payments Received Will Increase The Effective Yield Earned. (Registered products excluded).

 


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