Term Deposits

We offer short and long term guaranteed investments in redeemable and non-redeemable products.

Redeemable Expand/Collapse

•    term lengths available 30 days to 3 years
•    interest is calculated on the closing daily balance and is paid annually
•    for terms less than 1 year, interest is paid at maturity
•    interest may be compounded
•    if redeemed prior to maturity, penalties apply:

- 0% interest paid if redeemed within 30 days of maturity
- term rate minus half of the interest rate if redeemed 91 days to 36 months of maturity

Non-Redeemable Expand/Collapse

•    term lengths available 1 to 5 years
•    interest is calculated on the closing daily balance and is paid annually
•    interest may be compounded
•    terms can’t be redeemed prior to maturity

Income Term Expand/Collapse

LeRoy Credit Union now offers a non registered term product allowing you flexibility to supplement your income during your retirement years.
•    term lengths available 1 to 5 years
•    interest is calculated on the closing daily balance and is paid annually
•    interest may be compounded
•    terms can’t be redeemed prior to maturity
•    you can choose a withdrawal amount and frequency of payments during the term length.
For more information on our term deposit options or to book an appointment with one of our investment specialists, contact us.
 

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