Index Linked Term Deposits

Perhaps you are a young adult looking for some first-time market exposure but are not feeling comfortable with the risk. Or you may already be retired and want to see some growth in your TFSA without investing in mutual funds.  Either way, investing in an Index Linked Term Deposit (ILTD) might be exactly what your financial portfolio needs.  And Interior Savings has several options available for you.

What is an ILTD?

An ILTD is a type of fixed term deposit that protects your initial investment while at the same time offering higher returns due to their link to stock market performance (i.e the S&P/TSX 60 index).

ITLDs are recommended for investors who:
  • Want a low risk strategy while still enjoying the potential for high performance returns
  • Are trying to diversify their investment portfolios

Benefits of Investing in an ILTD

  • Guaranteed principle. No matter what happens to the stock market, your initial investment is safe and guaranteed
  • Higher potential returns tied to the growth potential of major corporations
  • No commission or management fees
  • Low minimum investment ($1,000)
  • Eligible in different product types: non-registered term deposits, TFSA, RRSP, RRIF
  • Deposits are 100% guaranteed. Protection is provided by the Credit Union Deposit Insurance

ILTD Options at Interior Savings

At Interior Savings, you have the option to choose between two non-redeemable ILTDs that provide an attractive blend of zero risk and high return potential.

Canadian ILTD

  • The return of these are linked to the performance of specific large Canadian Corporations in various sectors including information technology, energy, telecommunications, consumer staples and more
  • High potential return but no guaranteed minimum return
  • Available for terms of 3 or 5 years

Global ILTD

  • Return is linked to the performance of specific large International Corporations in various sectors including information technology, energy, telecommunications, consumer staples and more
  • Higher potential return but no guaranteed minimum return
  • Available for terms of 5 years

Setting up an ILTD is quick and easy.  Visit any Interior Savings Branch or contact us at 1-855-220-2580.

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

®The S&P TSX 60 are trademarks of The McGraw-Hill Companies, Inc. and have been sub- licensed for use by Interior Savings Credit Union. The product is not sponsored, endorsed, sold or promoted by Standard & Poor's. Standard & Poor's does not make any representation regarding the advisability of investing in the Product.