- INVESTING
- Term Deposits
- Redeemable Term Deposit
Redeemable Term Deposit
Overview
When you get more than you banked on, that’s the Moya advantage.
Interested in a higher rate of return than a standard deposit account? With a Redeemable Term Deposit, you’ll build your investment portfolio with a higher-than-standard, guaranteed interest rate paired with withdrawal flexibility.
*No interest is paid if redeemed within 1-89 days of deposit. Interest is calculated daily, non-compounded, and paid at time of redemption or at maturity.
Key Features
- Guaranteed investment principal and interest rate
- Minimum investment of $500
- 1-year term (365 days)
- Partial or full funds may be redeemed on or after 90 days with no interest penalty*
- Automatically renews, with interest, at maturity unless you choose to redeem it
- Not available for registered products
- Insurable deposits covered by the Financial Services Regulatory Authority of Ontario (FSRA)
Did you know?
Credit union members have better deposit protection than depositors with most other financial institutions.