ednesday, April 27, 1966 TERRACE ‘'Omineca’’ HERALD, TERRACE, BRITISH COLUMBIA Page Seven

ERRACE & DISTRICT CREDIT UNION

TERM DEPOSIT

: The Key to greater refurns on your Savings paying » to 6%

What Are The Conditions Governing 0 Use All of the Services
Term Deposits? of Your Credit Union
® They can be made in any multiples of $100, $500 ond %& Good dividends on the money you save in your SHARE ACCOUNT,
$1000. | ie Up to 6% interest on TERM DEPOSITS, | '
@ On a Term Deposit of one year, the Credit Union pays a & Excellent estate benefits with your ENDOWMENT. SAVINGS

guarcnteed Interest of 442% per annum. PLAN. 7.
© Ona Term Deposit of three years, the Credit Union pays a. % Low interest rates on LOANS. Interest rebate paid. | i
guaranteed interest of 34% per annum. % Eligible savers may obtain up to $2,000.00 in LIFE SAVINGS

INSURANCE. ‘@
@ Ona Term Deposit of five years, the Credit Union pays a

_ . .
guaranteed interest of 6% per annum. %e Eligible borrowers may obtain up to $10,000.00 in LOAN
; PROTECTION INSURANCE,
@ Aone year Term Deposit can be withdrawn at the end of tk Low cost chequing privileges, and interest paid quarterly on the | :

any quarterly period during the contract year, on at
least one day’s notice, with interest payable as
follows:

money in your DEPOSIT ACCOUNT. | :

At th ths, no interest. WO Es if
| t the end of three months, no interes How Can I Get Greater oS , — id
At the end of six months, 3% per annum. Lo . .

7 ings?
At the end of nine months, 4% per annum, oe Returns On My Savings!

, Here’s the answer: By agreeing to leave mane /on deposit in
@ Three and five year deposits can be withdrawn at the end of the Credit Union for a eet fied time. either ee care tive
the term on one day's notice. They may only be with- P ' : y'

drawn earlier by making application to and obtaining — years. This system is called TERM DEPOSITS.
permission from the Board of Directors.

@ The Credit Union can redeem the deposit by giving thirty Can I Borrow Against My Share

days’ notice prior to a renewal date. Otherwise the . “o>
Credit Union can only redeem by giving thirty days’ Savings and Term Depo sits:

notice and paying a three months’ interest bonus. ras
. Yes. The loan will be life insured subject to the limitations of

@ The deposit will automatically renew ot the end of its term loan protection insurance.
on the same conditions unless:

(a) The member gives notice of his wish to with. .
' draw the deposit, F. inally

(b} The Credit Union gives notice of its wish to - Members are required to have $500.00 in Share Savings before
redeem the deposit or to alter the terms of it, any investment can be made in Term Deposits. Life

7 Saving Insurance is NOT provided on Term Deposits.
® Interest rates quoted in this advertisement are those cur-

rently in effect, See full particulars of conditions in the Term Deposit agreement.

OFFICE HOURS

MONDAY, TUESDAY, THURSDAY AND SATURDAY
— 10:30AM, TOO9PM —

FRIDAY ~—- 10:30 A.M. TO 9 P.M, — CLOSED ALL DAY WEDNESDAYS

Bor farther information, please contact our office located in the Co-op Shopping Centre

Terrace & District Credit Union —

os: 13 Greig ‘Ave. P.O. Box 789 Terrace, B.C.

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