1. New Money Requirement
This special rate is available only for new money deposited to the Credit Union. “New money” is defined as funds that that are not on deposit in any account (personal or business) with the Credit Union.
2. Ineligible Funds
The following do not qualify as new money:
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Transfers from existing Credit Union accounts, including term deposits, savings, chequing, or RRIFs.
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Renewals or reinvestments of existing Credit Union term deposits.
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Internal transfers, including those made through online or mobile banking.
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The follow deposit options are eligible for this special rate:
- GIC, RRSP, TFSA products
4. Minimum Deposit Requirement
A minimum deposit amount may be required to qualify for the promotional rate. Standard deposit minimums apply unless otherwise stated.
5. Term and Conditions
The promotional rate applies only to the specific term(s) and product(s) offered. Early redemption is permitted after 90 days, with applicable interest payable.
6. Timing of Deposits
To qualify, new funds contract must be signed and approved within the promotional period. Standard rate-hold provisions apply, under which quoted rates for new investments remain valid for 10 days.
7. Right to Modify or Withdraw
The Credit Union reserves the right to modify or withdraw the offer at any time without prior notice.
