What is an Index-Linked Investment?

Index-Linked investments are tied to the average monthly performance of a stock index, such as S&P 500 Index®. The investment stays at Innovation Credit Union,which means your principal is guaranteed. So even if the index doesn't perform well before its maturity, you'll still get your principal back in full! If the index does perform well, you'll receive an interest payment at the investment's maturity date.

Now that's smart investing!

American Market™

Large companies are often less volatile than smaller companies and have the potential to provide a more stable return. The American Market™ Index-Linked Term Deposit is an investment where you can take advantage of the stability of large American companies. It uses the Standard & Poor's 500 Index.

Click here for more details.

Global Market™

The Global Market™ Index- Linked Term Deposit pays a return based on the average monthly performance of foreign stock markets. It uses the Standard & Poor's 500 Index, the Dow Jones Euro Stoxx 50, and the Nikkei 225.

Click here for more details.

MarketFlex™

The MarketFlex™ Index-Linked Term Deposit pays a return based on the average monthly performance of leading Canadian companies. It uses the Standard & Poor's/TSX 60 Index.

Click here for more details.

Prairies Basket™

The Prairies Basket™ Equity-Linked Term Deposit pays a return based on the average monthly performance of a basket of prairie industry stocks and it is RESP eligible. It uses the following companies from the Toronto Stock Exchange:

EnCana Corp (eca)
Cenovus Energy Inc. (cve)
Manitoba Telecom Services Inc (mbt)
Suncor Energy Inc (su)
Enbridge Inc (enb)
Potash Corp of Saskatchewan (pot)
Great-West Lifeco Inc. "gwo"
IGM Financial (igm)
Cameco Corp (cco)
Husky Energy Inc. (hse)
Westjet Airlines (wja)
Telus Corp (t.t)
IPSCO Inc (ips)

Click here for more details.