FINANCIAL PLANNING
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Term Deposits
Standard | Index-Linked | CU-Bonds | Church Builder | Prime Builder | Step 5 | Junior Term Deposit
MSCU term deposits offer flexibility, security, and competitive returns. With an MSCU term deposit, you are assured that your investment will earn a pre-determined rate of interest over the life of the term.
Standard Term Deposit
Offers flexible term options (30 days - 5 years) and attractive interest rates.
Index-Linked Term Deposits
Index-Linked term deposits offer returns that are based on the performance of a stock market index like the S&P/TSE 60 or on a predetermined group of selected stocks and are available in 3 and 5-year terms. Index-Linked term deposits offer a principal guarantee and the potential to receive substantial returns. If the index does well, your investment earns a good return, if the index does poorly, your principal investment is protected.
CU-Bonds
CU-Bonds are cashable 1-year term deposits, available for a limited time each fall. The interest rate varies from year to year, equivalent to interest offered on Canada Savings Bonds. CU-Bonds earn an excellent return and you can withdraw the funds after February 1st without interest penalty. You can save for your CU-Bond by setting up a pre-authorized contribution (PAC) plan at your branch.
Church Builder
Church Builder term deposits pay investors an excellent, competitive return on their investments. In addition to the competitive return paid to Church Builder investors, MSCU will pay an annual 1/2% bonus donation to the investor's church or an Ontario-based church-related organization of the investor's choice.
With Church Builder term deposits, you can invest in your own future and in the future of a church ministry that matters to you whether it's your congregation, your church camp, a church-run seniors home, a mission agency like MCC, or a church school. The choice is yours.
Contact your branch to find out when Church Builder is available to you.
Prime Builder
Prime Builder is a variable rate term deposit that pays a return equal to 2% below Prime. That means that when Prime rises in response to inflation and other market conditions, your return rises too! Linking your return to Prime is an excellent way to protect your real rate of return.
Flexible, secure, and built-in inflation protection. A great investment in your future.
Step 5
The Step 5 term deposit offers the flexibility of a fully cashable investment with a competitive 5-year rate of return. After the first year, Step 5 term deposits can be fully or partially cashed in at any time, without interest penalty.
On each anniversary date, the interest rate of your investment increases.
Junior Term Deposit
Members under the age of 19 can invest in 1- to 5-year term deposits with a minimum deposit of $50 instead of the $500 minimum deposit required of adult members. This gives youth access to excellent interest rates even with small amounts of money.
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