Term Deposits

Index-Linked Term Deposits

Index-Linked Term Deposits (ILTD) are fixed term deposits that pay a return based on the performance of the S&P/TSX 60 Index, which tracks 60 top companies in leading industries in Canada. This index provides economic diversity across market sectors including communication services, consumer staples, energy, healthcare, technology and transportation. To view the list of companies on CUA's ILTD Term Sheet, contact us at 902.492.6500 or at info@cua.com.


Index-Linked Term Deposits offer customers a variety of benefits, including:

  • The security of principal protection. No matter what happens to the stock market, the amount that you initially invested is guaranteed when the term of your deposit ends (also known as the "maturity date").
  • Provincial deposit insurance.
  • Tax benefit. Your ILTD is RRSP and TFSA eligible.
  • Your investment remains 100% yours. No fees or commissions are applied to your investment.


Interested in purchasing an ILTD? You have a variety of options in choosing your:

  • Term. Choose either a three-year or five-year term.
  • Program. Choose either a registered (RRSP, TFSA, etc.) or unregistered program.
  • Investment amount. Note, a minimum investment of $1,000 is required for registered / $5,000 for unregistered plans.

Calculating Returns

With CUA's ILTDs, you are not only guaranteed your principal investment, but you have unlimited potential returns. The term of your investment will deem the rate of your market participation. With a three-year term, you participate at a rate of 50%; with a five-year term, you participate at a rate of 100%. What this means, is by choosing to invest for a longer period of time, you double the rate of participation and overall potential for returns.

Example: You invest $1,000 on a day when the index has a value of 450. Each month, CUA monitors the average value of the same index. On maturity date, CUA will take the monthly average of the index over the course of your term. If that average is 650, you've increased by 200 points, or an increase of 44.44%. If you had a five-year term, your return would be the initial $1,000 investment, plus an additional $444.44. If you had a three-year term, you would receive the initial $1,000 plus an additional $222.22.

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