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Index-Linked Term Deposits

Index-linked term deposits are a great way to grow your money and meet your savings goals. You’ll have the peace of mind knowing that your principal investment is protected up to $250,000 through the Deposit Insurance Corporation of Ontario.

An index-linked term deposit is a fixed term investment that pays a return based on the performance of one or more stock market indexes. Simply put, it offers term deposit security with the potential of stock market returns.


Features of Index-Linked Term Deposits:

  • Opportunity to participate in the growth potential of equity markets
  • No risk to the investment principal
  • 3 and 5 year terms available
  • Potential for greater returns than traditional term deposits
  • No commissions or management fees
  • Low minimum deposit
  • Deposit insurance protection

Parama Credit Union's Canadian Index-Linked Term Deposit's rate of return is based on the S&P/TSX 60 (Standard & Poor/Toronto Stock Exchange) index.


How the rate of return is determined

The index-linked term deposit's return is based wholly on the performance of the S&P/TSX 60 index. This index is a list of the 60 largest companies on the Toronto Stock Exchange as measured by market capitalization. The rate of return is determined by the average of the stock market indexes (based on a specific day of the month). Interest earned is paid at maturity.


Click on the below links to review current and past performance returns

3 Year Index-Linked Term Deposits -

5 Year Index-Linked Term Deposits -

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Call either of our branches and let them know you’d like to speak with our Investment Advisor and he will assist in setting it up – it’s that easy!