Northern COMMUNITY BOND

When you invest in a Northern Community Bond, we use the combined financial strength of all Northern Community Bond investors to help businesses and members right here at home. As if that wasn’t enough, it’s also a flexible product with very competitive rates.

Who’s eligible?

Any member, including organizations, individuals, trusts and companies.

Features

Our Northern Community Bond is a medium to long-term investment product that allows more withdrawal freedom than most products of its type. You can use them as a non-registered deposit, a RSP deposit or RIF deposit.

Redemption

Flexible – you can redeem all or part of your investment each year on the anniversary date, or for 30 days after without penalty.

Terms

Available as a 3 or 5 year investment.

Our Rates

Interest rates escalate each year throughout your term.

Minimum Investment

You must invest at least $500, or $100 if you’re a youth member under the age of 21.

Maximum Investment

The most you can invest is $250,000.

Interest Calculation

You can choose between annual or compounding interest (RSP and RIF deposits will always be compounding).