Deposit Accounts
Our investment experts are ready to show you how it’s done! Get access to a full spectrum of investment products plus the personal attention that comes with being a member-owner. We know our numbers, but we will never, ever treat you like one.
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Daily Interest Savings Account
TECU’s Daily Interest Savings Account offers premium interest rates paid monthly to your account. As your balance increases, so does your interest rate! You can access this account with your ATM/ Debit MemberCard, Online Banking, and Telephone Teller.
Power Saver II Account
This account allows you to save funds in a separate account for something special like a vacation or something simple like your taxes! Interest is calculated daily and increases with an increased balance in the account.
Flip & Save
For those members who get good use out of their Debit Card, the Flip & Save Account will tally your POS (Point-of-Sale) transactions and Flip 1$ for each one into your Flip & Save Account. This is a great way to save money for a rainy day.
Term Deposits – Long & Short Term
TECU offers a variety of Term Deposits. These Term Deposits earn you a higher interest rate than a regular savings account. The rate is competitive and guaranteed. Bonus interest rates may be available on amounts greater than $25,000. TECU Term Deposits are also eligible for registered plan investments. TECU certificates range from 90 days to 5 years. Term Renewal Notices are mailed home and members can also enroll in Term Renewal Alerts. For more information please contact our deposit department.
Indexed Linked Term Deposits
For our members who are looking for a better rate without a great deal of risk on their investment TECU offers Index Linked Term Deposits. Index Linked Term Deposits allow you to invest in the stock market while keeping your principal deposit protected. Index-Linked products are available in the form of Term Deposits, Tax Free Savings Accounts (TFSAs) and RRSPs. Another great benefit of our Index linked term Deposits is the fact that there is no cap on the amount of interest you can earn. If the market does well, so do you! Deposits are made every two months in February, April, June, August, October and December. If you are interested in this product, please give our offices a call at 416-238-5606. Term Renewal Notices are mailed home and members can also enroll in Term Renewal Alerts. For more information please contact our deposit department.
