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 Index/Equity-Linked Term Deposits
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Other Resources |
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FAQ Section
Visit our FAQ section for more information other investment options.
Rates
If you are looking for our investment rates, click here
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So, you like the earning potential of the stock market but are worried about risk? An Index/Equity-Linked term deposit might be right for you. It lets you invest your money in the stock market, without risking your principal.
• No risk to your original investment
• Potential for unlimited return
• Profit from the performance of TSX, S&P, leading Canadian companies
• Protection from sharp declines in indices
• Principal guaranteed
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S&P/TSX 60 Index
Click here for current performance | With an Index/Equity-Linked term deposit, you are guaranteed your full principle at maturity. However, unlike the standard term deposit, no interest rate is specified at the time you invest. An Index/Equity-Linked deposit pays a rate of return based on the performance of one or more stock market indexes such as the TSX, or S&P, or other leading Canadian companies. The formula for determining the rate of return may vary but most often is based on the monthly or quarterly average of the stock market indexes for the full term of the investment or the last year of the investment.
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Index-Linked
Click here for past performance | In recent years some returns have been up to 50%! * Potential earnings like this, and protection against loss of your principle, make an Index/Equity-Link term deposit a promising addition to your RRSP plan.
Who Should Consider an Index/Equity-Linked Term Deposit?
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Investors who are looking for a deposit with a principal guarantee that offers the potential for a higher return than the return paid on fixed rate deposits.
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Investors who are looking for an equity-linked investment that carries no fees or commissions.
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Individuals searching for a diversified investment in Canadian corporations.
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Individuals who are not willing to risk their initial investment.
Income Tax
Tax will be deferred on Index/Equity-Linked Term Deposits held inside registered plans. However, the income tax consequences of holding an Index/Equity-Linked Term Deposit will depend upon a holder’s particular circumstances, and holders should consult their tax advisors before considering the investment outside a registered plan.
Click here for more information on Index/Equity-Linked Term Deposits
Wise Financial Guidance To Empower You
Get the advantages of playing the market and take ownership of your investments without risking your principal.
For more information on any of our investment options, you can meet with an OMISTA Expert at any of our three branches, or our Credential Financial Strategies Inc. Representative Ozzie MacKay. To develop an investment portfolio that meets your needs and objectives, you can meet with Ozzie MacKay, our Credential Financial Strategies Representative. He can explain your options and design the most cost effective plan for you.
Credential Financial Strategies Inc. is a member company under Credential Financial Inc., offering financial planning, life insurance and investments to members of credit unions and their communities. Credential® is a registered mark owned by Credential Financial Inc. and is used under license.
*Information current as January 2008. Past performance of the Index does not guarantee future performance. The return on deposit will fluctuate in relation to the performance of the stocks underlying the Index. The value of the Index used to determine the return on the Index-Linked Term deposit will be determined by Credit Union Central of Ontario or its designee.
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