Commonly referred to as Guaranteed Investment Certificates (GICs), our term deposits offer you competitive interest rates and peace of mind, knowing that your investment is solid and secure.

When you've got specific goals in mind, there's nothing more satisfying than watching your hard-earned money grow in a secure investment!

We can work with you to determine the amount and frequency of your deposits and help you select the terms that suit you best...anywhere from one month to several years.

Plus, we'll guarantee the interest rate for whatever length of term you choose.

• terms between 30 days and 5 years
• rates posted daily at Credit Union Branches
• interest calculated daily and paid either on the anniversary date of the term or at maturity if the term is one year or less.

FAQs about Term Deposits

1. What is a Term Deposit?
A Carpathia Term Deposit is a fixed deposit investment for a fixed period of time. Short term ( one year or less) are redeemable, while long term (1 - 5 years) are non-redeemable.

2. Is a term deposit better than a saving account?
Yes, if you do not require use of these funds for an extended period of time. The interest rate is much higher than the interest paid on a savings account. Interest rates are market driven and are guaranteed for a specific period of time, thereby maximizing your interest earnings.

3. Are term deposits flexible?
The maturity dates on all term deposits are flexible, you select the term. You also choose whether the interest is compounding or deposited into your chequing or savings account upon maturity.

4. How secure is my term deposit at Carpathia?
All Carpathia Term Deposits are fully guaranteed by The Credit Union Deposit Guarantee Corporation, giving you security and peace of mind.

5. How can I keep track of my term deposit?
To assist you in accurate record keeping, term deposits are outlined on monthly member statements. These are available at no charge.

RATES | CALCULATOR | GLOSSARY