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.


Features

Redeemable long term deposits

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 pemitted 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

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 $100.00 for Junior members.

Monthly interest long term deposits

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.

Long term deposits in U.S. dollars

Westminster Savings offers 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

Long Term Deposit Terms & Conditions
Term length: 9 months (monthly-interest only ), 12 months, 15 month,18 months, 24 months, 36 months, 48 months, 60 months
Minimum deposit: Redeemable - $1,000.00 ($500.00 for Junior members)
Non-redeemable - $1,000.00 ($100.00 for Junior members)
Monthly interest - $5,000.00
U.S. dollar - $1,000.00
Interest rate: Fixed, see our term deposit interest rates
Redeemable: Redeemable - are redeemable. Note that a penalty may be applied for early withdrawals.
Non-redeemable, monthly interest, U.S. dollar - not redeemable
Currency: Redeemable, non-redeemable, monthly interest - Canadian (CAD)
U.S. dollar - American (USD)
Interest Payout: Redeemable - paid annually to chequing or savings account
Non-redeemable - compounding or 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
Other: Redeemable - partial withdrawals permitted on one year term

Tools & Calculators

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.

 

Current Rates

Long Term Redeemable

12 Month

1.30%

18 Month

1.30%

24 Month

1.30%

36 Month

1.35%

48 Month

1.45%

60 Month

1.70%

Long Term Non-Redeemable (Paid Annually)

12 Month

1.35%

15 Month

1.55%

18 Month

1.55%

24 Month

1.65%

36 Month

1.85%

48 Month

1.95%

60 Month

2.20%

Long Term Non-Redeemable (Paid Monthly)

9 Month

0.75%

12 Month

1.10%

18 Month

1.30%

24 Month

1.40%

36 Month

1.60%

48 Month

1.70%

60 Month

1.95%

Long Term Non-Redeemable (Compounding)

12 Month

1.35%

18 Month

1.50%

24 Month

1.64%

36 Month

1.82%

48 Month

1.89%

60 Month

2.10%

U.S. Long Term

12 Month

0.45%

24 Month

0.50%

36 Month

0.55%

48 Month

0.80%

60 Month

1.10%

Need help?

See all our contact options.