We wanted to take a moment to thank our members for investing in our Community Impact Term Deposit last year. As you may recall for every dollar invested, Interior Savings added 2% to our Community Relief Fund, up to a maximum of $50,000, in addition to the $100,000 we pledged in spring 2020.

 

Thanks to members like you, we donated $150,000 to assist community service organizations across our region by offering one-time grants of $2,000-$7,000. This was to help cover unforeseen and extraordinary costs incurred as these non-profit organizations continue providing vital services during the pandemic.

 

We believe that working together and investing back in the community only makes us stronger.  By choosing Interior Savings products or services, you give us the power to give back to your community. You help us create local money that stays local – supporting the local economy, local causes, local events, local initiatives, and positive local change. As you have seen by investing in the community impact term deposit, you can Do Well, by Doing Good!

 

We wanted to share some exciting new ways to continue to Do Well, by Doing Good with our Responsible Investing options. Now you can choose to align your personal values with the way you invest. Responsible investing is about incorporating environmental, social, and governance (ESG) factors along with corporate engagement to enhance impacts on our communities. We believe this approach helps our members create and protect their long-term wealth while lowering their risk. Along with some of the best Responsible Investing portfolio of stock options, we are please to offer Responsible Investing Index Linked Terms Deposits.

 

Index Linked Term Deposits (ILTDs, or also known as Market-Linked GICs) are fast becoming the next big move for those that are new to the investing game, and for those more seasoned investors looking for higher returns in today’s lower interest environment. To better understand what an Index-Linked Term Deposit is, take the upside potential with a portfolio of stocks with the added 100% guaranteed principal protection of a term deposit**. On some ILTDs, there may be a cap as to how much you can make, but that is offset with the fact that you will never lose your initial investment.

 

Reasons to consider Index-Linked Term Deposits:

  • They are low maintenance and very easy to buy and manage
  • They are low risk, your principal is 100% guaranteed
  • Potentially earn more than a traditional term deposit with returns linked to stock market performance
  • They are protected from market slowdowns. If the value of the index declines, your principal is protected
  • There are no service or start-up fees
  • They can be held in your RRSP, TFSA, or in non-registered accounts
  • They can be useful just before or after retirement or when saving money for a specific goal like taking that dream vacation, buying your dream home, or any other goal you have

 

At Interior Savings, you have the option to choose between two non-redeemable Index Linked Term Deposits (ILTDs) (also known as Market-Linked GICs) that provide an attractive blend of zero risk and high return potential.

 

5-year Women’s Impact

This is a guaranteed deposit, non-redeemable, and it’s return is based on the based on the performance of specified international companies that follow corporate governance practices where women hold 40% of board. This is a responsible investment linked to corporate governance practices and offers potential returns on companies worldwide, from diverse economic sectors, while protecting your initial deposit. This ILTD offers a maximum potential return of 12.00%.

 

5-year Environmental Impact:

This is a guaranteed deposit, non-redeemable, and it’s return is based on the performance of specified environmentally conscious international companies, including in the renewable energy field. This ILTD offers a maximum potential return of 12.00%

 

ILTDs are an opportunity to get you closer to where you want to be, while still protecting your principal. If the index increases in value, you will get a higher return, but if it declines over the term, you won’t lose your initial investment. Remember, at minimum, you will always get your initial investment back.

 

Ready to take the next step?

Our knowledgeable investment experts are ready to work for you, providing the sound, personalized financial advice you need to reach your goals faster. You can reach your nearest branch by phone, or book an appointment if you want to meet in person. Our Member Service Centre is available toll free at 1-855-220-2580 Monday to Friday 8:00am to 6:00 pm and Saturdays 8:00 am to 4:00 pm.

 

 

 

 

 

 

 

 

 

*Deposits are 100% guaranteed. Protection provided by the Credit Union Deposit Insurance Corporation of British Columbia

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