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 the FSRA 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:

• 3 Year Index Linked Term Deposits
• 5 Year 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

^{The Financial Services Regulatory Authority of Ontario (FSRA) provides separate unlimited deposit insurance protection for deposits held in registered savings plans while non-registered deposits (savings accounts, term deposits, GICs, chequing accounts, certified cheques, money orders, bank drafts and funds in transit) in the name of an individual member are covered up to $250,000. Visit the FSRA website for full details.}