Short Term

Our short term deposit options are an excellent place to "park" money and earn higher interest while you decide how it fits into your savings or investment plan.

Apply online

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


Features

Fixed Interest Rate

  • The interest rate is fixed for the length of the term. Interest earned can "roll over" into another Short term deposit of the same length or it can be paid when the term ends into a chequing or savings account.

Redeemable or Non-redeemable Options

  • Redeemable Short term deposits can be redeemed at any time, for maximum flexibility, while non-redeemable Short term deposits earn higher interest.

Short Term Deposits in U.S. Dollars

  • Westminster Savings offers non-redeemable Short term deposits denominated in U.S. funds. With a minimum deposit of $5,000.00 you can protect your U.S. dollars from currency fluctuations without sacrificing quick access to your money.

100% deposit guarantee

  • Like all credit union accounts, your reinvestable term deposit is guaranteed by unlimited CUDIC insurance.

Terms & Conditions

Short Term Deposit Terms & Conditions
Term length: 30 days to 364 days
Minimum deposit: $5,000.00
Interest rate: Fixed, see our term deposit interest rates
Redeemable: Only redeemable Short term deposits are redeemable.
Non-redeemable term deposits cannot be redeemed before the end of the term.
U.S. dollar deposits are non-redeemable.
Currency: Canadian (CAD) and American (USD)
Interest Payout: For CAD, interest compounds or pays to a chequing or savings at maturity.
For USD, interest pays to a USD chequing or USD savings account

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

Short Term Redeemable

30 - 59 Days

0.35%

60 - 89 Days

0.50%

90 - 119 Days

0.65%

120 - 179 Days

0.65%

180 - 269 Days

0.75%

270 - 364 Days

0.75%

Short Term Non-Redeemable

30 - 59 Days

0.60%

60 - 89 Days

0.75%

90 - 119 Days

0.90%

120 - 179 Days

0.90%

180 - 269 Days

1.00%

270 - 364 Days

1.00%

U.S. Short Term

30 - 59 Days

0.20%

60 - 89 Days

0.25%

90 - 119 Days

0.30%

120 - 179 Days

0.30%

180 - 269 Days

0.40%

270 - 364 Days

0.45%

Need help?

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