Term deposits/GIC’s are an excellent product to add to your investment mix. At Mainstreet we offer term deposits which allow you to set money aside in savings for as little as 1 year to as long as 5 years - or somewhere in between- depending on your savings goals.
Your deposit is guaranteed up to $250,000 for non-registered term deposit products, with unlimited insurance on our registered products.
FSRAO's role is to protect depositors of Ontario credit unions. All insurable non-registered deposits are covered up to $250,000. Insurable deposits in registered accounts have unlimited deposit coverage. This is free automatic coverage for you our members!