Index and Equity linked Term Deposits offer returns linked to the performance of one or more stock indices or basket of stocks. The principal investment is guaranteed by the applicable provincial credit union deposit guarantee program.
Unlike a fixed rate investment, these deposits don’t offer a guaranteed rate of return. Instead, the return on these deposits is based on the performance of the index or assets. Even though there’s no guarantee your investment will earn you a return, there’s zero risk to your principal investment, not to mention you’ll have the potential to earn.
Prairie Centre currently offers three index/equity linked products:
MARKETFLEX® Index-Linked Term Deposit, where your return on investment is linked to the Canadian Stock Market
PRAIRIES BASKETTM Equity-Linked Term Deposit, which allows you to profit from the success of companies in Alberta, Saskatchewan and Manitoba.
NORTH AMERICAN BASKET™ Equity-Linked Term Deposit, where returns are based on the performance of 12 North American companies, each representing equal weighting within the basket.
Index/Equity Linked products are available as registered (RRSP) and non-registered term deposits.
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