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A market-linked term deposit that aligns your investment growth and your values.
Principal investment protected
Guaranteed minimum return
Higher return potential than traditional term deposits/GICs
If you already bank with us, book an appointment to open with an advisor. And if you're new to us, become a member in only a few minutes.
Or call us at 1-888-597-6083.
Principal investment protected
Guaranteed minimum return
Higher return potential than traditional term deposits/GICs
If you already bank with us, book an appointment to open with an advisor. And if you're new to us, become a member in only a few minutes.
Or call us at 1-888-597-6083.
Is this investment account right for you?
Right for you if:
Might not be right for you if:
winwin® market-linked GICs are made up of two complementary components combined to offer you the best of both worlds:
winwin EarthLink™ market-linked GIC (registered/non-registered/business)
Rates Effective: 2024-09-24 |
Rate |
---|---|
Minimum guaranteed annual rate (3 year) |
1.33
|
Maximum potential cumulative return (3 year) |
25.00
|
Minimum guaranteed annual rate (5 year) |
1.60
|
Maximum potential cumulative return (5 year) |
40.00
|
3-year term deposits purchased within the above promotion period will be issued December 13, 2024 (issue date) and will mature on December 13, 2027 (maturity date). 5-year term deposits purchased within the above promotion period will be issued December 10, 2024 (issue date) and will mature on December 10, 2029 (maturity date).
winwin EarthLink™ is a market-linked GIC that offers a guaranteed minimum return and the potential to earn more based on the stock market performance of 20 international companies, carefully selected for their demonstrated commitment to reducing the environmental impact of their operations.
Market-linked GICs are a sort of hybrid investment vehicle: part GIC, part stock market investment. They protect the investor’s principal investment and offer a minimum guaranteed return with the potential for significantly greater returns (up to a maximum) based on the performance of the market. Think of it as having a stable floor, and potentially a high ceiling. Market-linked GICs usually have a theme to them, such as focusing on an industry, exclusively national, international, emerging-market stocks, or more recently, responsible investing.
Unlike a traditional GIC, a market-linked GIC is tied to a particular stock market index - like financial, healthcare or insurance services - which gives the investor an opportunity to benefit from market gains to a limited maximum.
The basket of securities comprises 20 international companies which have the same weight in the basket. Representing a variety of economic sectors that have been carefully selected for their commitment to the environment and the initiatives they implemented to reduce the environmental impact of their operations.
Company |
Sector |
Stock Market |
---|---|---|
Alstom SA | Industrials | Paris |
Bank of Nova Scotia/The | Financials | Toronto |
Denso Corp | Consumer Discretionary | Tokyo |
First Solar Inc. | Energy | NASDAQ GS |
Gecina SA | Real Estate | Paris |
Hydro One Ltd | Utilities | Toronto |
KDDI Corp | Communications | Tokyo |
Magna International Inc | Consumer Discretionary | Toronto |
Microsoft Corp | Technology | NASDAQ GS |
Novartis AG | Health Care | SIX Swiss Exchange |
Novo Nordisk A/S | Health Care | Copenhagen |
Orsted AS | Utilities | Copenhagen |
PANASONIC HOLDINGS CORP | Technology | Tokyo SE |
Redeia Corp SA (RED SQ Equity) | Utilities | Madrid |
SAP SE | Technology | XETRA Frankfurt |
Texas Instruments Inc | Technology | NASDAQ GS |
UPM-Kymmene Oyj | Materials | Helsinki |
Vestas Wind Systems A/S | Energy | Copenhagen |
Vonovia SE | Real Estate | XETRA |
Wheaton Precious Metals Corp | Materials | Toronto |
Companies are selected based on the below 4-step screening process
Although past performance is not always indicative of future returns, similar products as the winwin EarthLink™ have recurrently performed close to its maximum potential return rate. Some factors contributing to this performance could be the diversity in companies, sector and stock markets within this product.
Please speak with an advisor to review the underlying securities of this product and full terms and conditions of the winwin® term deposit.
3-year terms |
|||
---|---|---|---|
issue date / maturity date |
minimum guaranteed annual rate | maximum potential cumulative return | actual return received by member |
Oct 4, 2021 - Oct 4, 2024 | 0.10% | 10.00% | 10.00% |
Aug 4, 2021 / Aug 6, 2024 | 0.10% | 7.00% | 7.00% |
June 2, 2021 / June 3, 2024 | 0.10% | 7.00% | 7.00% |
April 6, 2021 / April 8, 2024 | 0.10% | 7.00% | 7.00% |
Feb 3, 2021 / Feb 5, 2024 | 0.10% | 7.00% | 7.00% |
Dec 2, 2020 / Dec 4, 2023 | 0.50% | 12.00% | 5.59% |
You could experience a higher than usual interest rate payment on the maturity date of a winwin® term depending on the final index performance. In the final year, the interest rate paid would be the difference between the final rate of return minus the minimum rate already paid. Please seek independent tax advice as required for your unique financial situation.
Not sure which investment is right for you?
We can help. Visit a branch or call us at 1-888-597-6083, and let's find the right solution together.
From November 1, 2021, to November 21, 2021, the members of First West Credit Union voted on special resolutions that, among other things, authorize First West to apply to become a federal credit union under the Bank Act. If First West becomes a federal credit union, it will automatically become a member of the Canada Deposit Insurance Corporation (CDIC) and Credit Union Deposit Insurance Corporation of British Columbia deposit insurance will no longer apply. See attached Notice for further detail on what this change means to your deposits with First West.
Terms and conditions:
|
*Rates as of the start date communicated in the disclosed promotion period.
|
Good advice starts with a conversation about your unique situation. We’ll work with you to understand your overall investment strategy and make recommendations on the right mix of investment solutions for your financial goals.
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