Ready to connect with an Advisor?

So, you’re interested in a GIC with Niagara’s truly local credit union – send us a message, book an appointment online, or call one of our branches, and a PenFinancial Advisor will reach out to help you get what you need to succeed.


Want a higher rate of return where your principle investment is still guaranteed?

Index-Linked GICs

Index-Linked GICs offer our Members the possibility of earning a higher rate of return, while still ensuring the principle investment is paid out not matter what. You get greater potential reward without the risk of losing  money.


Principle guaranteed

Index-Linked GICs guarantee your principle – even if the financial markets lose value.



We don’t recommend that 100% of your portfolio be invested in Index-Linked GICs. Depending on your risk tolerance, there are other investments that offer even greater upside. However, index-linked GICs offer you principle protection to hedge your investments from greater downside.


Greater upside

Should the underlying assets of your Index-Linked GIC increase in value, you can earn significantly more than traditional GICs.

Truly Local Commitment


Banking at PenFi is about more than just money.

It’s about financial solutions that generate prosperity for you and your community.

Our Truly Local Commitment is the heart and soul of our philosophy, where we believe the prosperity of our Members and our community go hand in hand. We commit a portion of our profits to support truly local initiatives, a living wage is our minimum wage, and we are a Certified B Corporation – just a few ways we are invested in our community.

Learn about our TLC

All rates are subject to change without notice. GIC interest rates are annual rates. Interest earned is paid annually and at maturity. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).