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.

Personal Chequing Account

TEUCU offers our members the advantages of a NO FEE Chequing account. There is no per cheque fee, you can also enjoy free unlimited automated AFTs and EFTs and Direct Deposit. All without the usual minimum balance required or any monthly fees or service charges and therefore no other interest is paid.

Term Deposits (Long Term and Short Term)

TEUCU offers both 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 are available on amounts greater than $25,000.00. TEUCU Term Deposits are also eligible for registered plan investments. TEUCU certificates range from 90 days to 3 years. Five year terms are also available through Concentra Financial.

Registered Retired Savings Plans (RRSPs)

RRSPs are a great way to save for your future while allowing you to lower your income tax right away! TEUCU offer index linked, variable and fixed term RRSPs and RRIFs. You can have regular deposits to your RRSP account on a weekly, bi-weekly or monthly basis or lump sum deposits. We offer RRSP Loans and lines of credit to help you catch up on your RRSP contribution room before you lose the available space and help you lessen the cash crunch at tax time!

Registered Retirement Income Funds (RRIFs)

When you turn 71 years of age, transferring your funds into a TEUCU RRIF is quick and easy whether the funds are with us or another Institution. This allows you to spread out your payments and taxes over a number of years, reducing the amount of income tax you will pay!

You can also try our new online brokerage through Qtrade. Canada’s leading independent online brokerage provides online brokerage solutions to members. Qtrade Investor is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund (CIPF). CFPF coverage protects the holdings in customer accounts of its members up to $1,000,000 per qualifying account.

Indexed Linked Term Deposits

For our members who are looking for a better rate without a great deal of risk on their investment TEUCU offers Index Linked Term Deposits. Index Linked Term Deposits allow you to invest in the stock market while keeping your principle deposit protected. 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!

Daily Interest Savings Account

TEUCU’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 TelephoneTeller.