Luminus Financial - Term Deposits

Saving for something big? Term deposits are a great way to earn a fixed rate on your savings while dreaming of that future purchase like a car, house, or even that once-in-a-lifetime vacation! Eligible term deposits are insured by DICO for up to $250,000 while registered products enjoy unlimited coverage. For more information, click here to visit the Deposit Insurance Corporation of Ontario website.

Limited Time Offers

One-Year GIC at 2.75% or 6-Months at 2.50%

Want a great rate on a short-term basis? Earn while you plan for your next big adventure with a great one-year rate of 2.75% or try our 6-month GIC at 2.50%. Speak to a Member Relations Officer for more details.

5-Year GIC at 3.25%

Looking for the highest rate possible for your investments? For a limited time, get a 5-year Luminus GIC at 3.25%. Speak to a Member Relations Officer for full details.

Short Term Deposits

A secure investment option that offers a guaranteed return at competitive rates. Minimum deposit of $500.00 required.

Terms available for 30, 60, 90, and 180 days
Interest rate guaranteed, and paid at maturity
Redeemable prior to maturity
Automatic renewal option offered. Short Term Deposits can be automatically renewed at maturity for the same amount (plus interest earned) and the same term, at the prevailing interest rate.
No service charges

Long Term Deposits

Want certainty and flexibility with your investments? Our L-Series of Term Deposits introduce a brand new benefit for our members: the transferable option. Choose from our 12 month, 18 month, 24 month, 36 month, 48 month and 60 month options!

You can switch from one term to another within the L-Series without penalty, within a 90 day period
Unlike mutual funds or stocks, which can go up or down, you are guaranteed a highly competitive interest rate. Thus, you know how much your investments will be worth at the end of their term
You can use your term deposit within your RRSP
All term deposits at Luminus qualify for our Member Rebate Program
Eligible deposits are insured by DICO up to an aggregate maximum limit of $250,000 except for Registered deposits which have unlimited coverage

And remember: By investing through Luminus you are supporting responsible, “people-first” financial investment practices – the true values and ethics of a member-owned credit union!

Index-linked Term Deposits (subject to availability)

A secure investment option that offers a return based on the performance of the S&P/TSE 60 Index Funds. Make a minimum deposit of only $500.00.

3 or 5 year terms available
RRSP eligible
No service charges

Please click below to check the performance on your index linked term deposits:

Escalator Term Deposits

A secure investment option that offers a guaranteed return at a competitive rate. A minimum deposit of only $500.00 is required to get started.

Rates increase after each year
RRSP eligible
Interest is compounded annually

Term Deposits