We've merged effective January 1, 2020 and while this website may still bear the name and logo of Westminster Savings Credit Union, we are in the process of revising all print and digital materials to bear the name of the new legal entity - Prospera Credit Union. We appreciate your patience during this transitional period.

Five Year Rate Climber

The Five Year Rate Climber rewards you for taking a long term approach to your savings and investment plan. With only a $1,000.00 minimum deposit the interest rate on this term deposit will rise each year for five years.

Apply online

visit a branch near you or call 604-517-0100 to set up your term today.

This is a great option if you are looking for a flexible long-term investment with a relatively high return.

Term Features

  • Redeemable or reinvestable without penalty on each anniversary date.
  • Can compound annually or pay out annually. Maximize your savings by compounding the interest earned annually: each year the interest earned will be deposited back into the account, effectively earning interest on the interest you've already earned.

Terms & Conditions

  • Term length of five years
  • Minimum $1000.00 initial deposit
  • Escalating interest rate
  • Redeemable without penalty on each anniversary
  • Interest payout for annual interest, to chequing, savings account on anniversay date
  • Interest payout for compounding interest, to chequing, savings account at end of five year term
  • Partial withdrawals are not permitted

Talk to a Financial Expert today.

Our financial experts will answer any of your term deposit questions. Call us at 604-517-0100 or send us your question online and we'll respond to you within one business day.

Term Deposit Guide

Learn about term deposits and how they can benefit your savings plan.

See the guide...

Need help?

See all our contact options.

Featured Rates

5 Year Rate Climber

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Year 5


5 Year Rate Climber (Compounding)

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Year 5