142 South Algoma Street
Thunder Bay, ON P7B 3B8

Phone: (807) 345-7612
Email: info@baycreditunion.com


Term Deposits

Term Deposits (also known as GICs) guarantee you receive a set, compounded interest rate over a fixed period of time. This investment is secure and can have a length as little as 30 days and as much as 5 years, with interest rates varying based on the length of the term.  Terms can be either Redeemable or Non-Redeemable.


  • No fees
  • Completely secure
  • Choice of redeemable or non-redeemable
  • Guaranteed interest rate paid annually or semi-annually
  • Withdraw or reinvest your earnings at the end of the term