RESP savings accounts

An RESP investment savings account is a perfect choice for short-term deposits. It enables you to accumulate your savings and earn competitive interest while you decide on long-term investment options.

Features and benefits

• tiered interest rate — the bigger your deposit, the higher your rate
• variable rate of interest calculated daily, paid semi-annually
• deposits can be made at any time
• transfer to another Vancity investment anytime*

RESP savings tip

If you’re looking for ways to make your RESP savings grow faster, an automatic savings plan is the answer. Simply decide how much you want to set aside each month and we’ll transfer the money for you automatically. Then as your RESP savings grow, you can invest in longer term, higher interest investments.

To open an account

• call Member Services Centre at 604-877-7000 or toll free at 1-888-Vancity (826-2489)
• visit your Vancity branch

See current savings account rates.

^{*If you transfer your investment to another financial institution once it matures, a $25 transfer fee applies. $25 annual account fee applies to your RESP contracts.}