When you invest in a Porcupine Credit Union Term Deposit (Guaranteed Investment Certificate), you can rest assured. These investments are guaranteed by the Credit Union Deposit Guarantee Corporation, so no matter how big or how small the investment, your principal and interest are fully guaranteed.

Various options are available for your investment.

Term deposits may be assigned to the credit union for the purpose of providing a guarantee of indebtedness to the credit union.

Non-Redeemable Term Deposits

• Available in term lengths from one year to five years.
• For terms of one to five years, interest can be paid monthly, quarterly, semi-annually, annually or compounded annually at your choice.
• Can only be redeemed prior to maturity in the event of the death of the term holder.
• Minimum deposit is $500.

RateMaker Term Deposits

• Special three year term deposit-combines security with flexibility.
• During the first year, the RateMaker is redeemable on the 15th day of each month and on the first anniversary of the issue date.
• During the second and third years, the RateMaker is only redeemable in full on the anniversary of the issue date.
• Minimum deposit of $500.

Select Term Deposits

• Special five year term deposit-combines security with some flexibility.
• Redeemable on each anniversary of the issue date. 
• Minimum deposit of $500.