Ordinary Deposits

The term Ordinary Deposits refers to a common deposit account where monies without a specified purpose are deposited. This account can also be known as a transactional account. You have immediate access when withdrawing cash/cheques from this account.

On your Ordinary Deposits account, deposits and withdrawals are unrestricted and there are no fees attached. Interest is paid bi-annually, customarily in January and July. The interest rates paid out are set by the Board of Directors of the Laborie Cooperative Credit Union.

Remember as your account balances increases, so does your interest received on your account. The same interest rate applies to Withdraw-able Shares. Open an account with us today and enjoy being free from all charges and fees.