RESP term deposits

For guaranteed returns or shorter term investments, it's tough to beat term deposits. Whether you're saving small amounts or big amounts, you get competitive rates and lots of choice to match your investment needs.

Non-redeemable term deposit

  • $500 minimum investment
  • term lengths from 12 months to 60 months
  • interest guaranteed and compounded annually
  • redeemable only at maturity

3-year escalating term deposit

Provides you with an interest rate guaranteed to rise each year and the flexibility to switch to another Vancity investment without penalty.

  • $500 minimum investment
  • rates guaranteed to increase each year
  • pays higher average interest rate than regular three-year term deposits
  • interest compounded annually
  • redeemable only at maturity, but convertible on each anniversary to another Vancity term deposit or investment, or a Credential® investment

How much can I earn?

Calculate how much you can earn with our 3-year escalating term deposit interest calculator.

5-year escalating term deposit

Guaranteed annual rate increases keep your returns on the rise. On the third and fourth anniversary, you are free to switch your investment to any Vancity investment option without penalty.

  • $500 minimum investment
  • rates guaranteed to increase each year
  • pays higher average interest rate than regular five-year term deposits
  • interest compounded annually
  • redeemable only at maturity, but convertible on the third and fourth anniversary to another Vancity term deposit or investment, or a Credential® investment

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.

For more information on RESPs or to purchase a term deposit

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

Next steps

For any inquiries that are not Mutual Funds related, please contact
604.877.7000

Prefer to chat with a wealth management professional over the phone? Just give us a call at
604.829.5560