Term Deposits
Limited Time Offer
Looking for the highest rate possible for your investments? For a limited time, get a 5-year Luminus GIC at 3.60%. This special offer is for new deposits only and can be withdrawn at any time without notice. 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