Term Deposits

At Luminus, we will be happy to explain our choice of term deposits. Eligible deposits are insured by DICO up to $250,000 except for Registered deposits which have unlimited coverage. Please note that mutual funds are not insurable. For more information, click here to visit the Deposit Insurance Corporation of Ontario website.

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 This special offer is for new deposits only and can be withdrawn at any time without notice.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
 

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