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.

Long Term Deposits

Long term deposits - from one year to five years - are the cornerstone of any savings or investment plan.

Apply online

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

Available as redeemable, non-redeemable, monthly interest, and U.S. dollar term deposits.

Term Features

  • Redeemable long term deposits provide greater flexibility at a fixed rate of interest. Interest is non-compounding: it will pay annually to a chequing or savings account. Partial withdrawals are permitted on one year term deposits (one withdrawal per quarter). An initial $1,000.00 minimum deposit is required; this is reduced to $500.00 for Junior members
  • Non-redeemable Long term deposits pay a higher fixed rate of interest. Interest can be paid annually to a chequing or savings account or it can compound - earning interest upon interest. An initial $1,000.00 minimum deposit is required; this is reduced to $500.00 for Junior members.
  • Monthly interest Long term deposits pay fixed interest earned every month into a chequing or savings account. Requiring a minimum balance of $5,000.00 and non-redeemable for its length, monthly interest Long term deposits are available in 9, 12, 18, 24, 36, 48 or 60 month terms.
  • Non-redeemable Long term deposits denominated in U.S. funds. With a minimum deposit of $1,000.00 you can protect your U.S. dollars from currency fluctuations and earn higher interest over the longer term

Terms & Conditions

  • Term lengths of 9 months (monthly-interest only ), 12 months, 15 month,18 months, 24 months, 36 months, 48 months, 60 months
  • Minimum deposit of $1,000.00 for redeemable, non-redeemable and U.S. dollar terms
  • Minimum deposit of $5,000.00 monthly interest terms
  • Fixed interest rate
  • Redeemable terms may carry a penalty for early withdrawals
  • Non-redeemable, monthly interest, U.S. dollar are not redeemable
  • Redeemable interest paid annually to chequing or savings account
  • Non-redeemable interest paid annually to chequing or savings account
  • Monthly interest paid monthly to chequing or savings account
  • U.S. dollar interest paid annually to USD chequing or USD savings account
  • Redeemable terms allow for partial withdrawals on one year term

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.