Term deposits / GICs
Limited time term deposit rates.
18-month non-redeemable
Don't stress out about the market. Get a guaranteed return instead. Existing members can log in and open online.
210-day short-term redeemable
Enjoy easy access if you need it. Can be redeemed at any time. Redemption rates apply. Only eligible with new deposits. Book an appointment.
1-year non-redeemable
Save for next year's vacation, car, or shopping spree. Existing members can log in and open online.
If you're an existing business member, call us at 1-877-709-6925 to open a term deposit today.
Not a member yet? Book an appointment with a specialist to set up your term deposit at a Vancity branch.
What's a term deposit?
A term deposit, also known as a guaranteed investment certificate (GIC), is a low-risk investment that earns interest.
- Guaranteed return
Deposit your money for a set amount of time and you’ll earn more interest than you would with a savings account. - For short to medium-term investing
Use term deposits to save cash that you don’t need to use now, but are likely to use within in the next 5 years. - You’re investing in us
Many of these deposits go to funding the loans and mortgages that create our neighbourhoods and our local businesses.
Choose a term deposit
How do I pick? Think about how long you can put away your money and how much access you’ll need. Cashable and escalating deposits have the most flexibility while non-redeemables may provide better rates.
| Term Deposit type | Overview | Key features |
|---|---|---|
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Cashable term deposit |
Our most flexible term deposit. |
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Escalating term deposit |
Get a higher interest rate every year. |
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Invest without locking in. |
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Non-redeemable |
Lock in your cash and earn more. |
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Planet-Wise™ Index-Linked term deposit |
Get market-linked returns and a guaranteed principal with this ESG-screened portfolio. |
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Short-term redeemable |
Earn more than your savings account. |
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Let's open a term deposit
I'm already a member
To open a non-registered term deposit or add a term deposit to an existing TFSA, RRSP, RRIF or RDSP:
- Login to online banking
- Go to Account Services and select "Open an account".
- If you're opening a short term redeemable term deposit and would like to specify a length down to the day rather than rounding to the nearest month (ex. 6 months and 15 days), please book an appointment or call us.
Want to open a new TFSA, RRSP, RRIF or RDSP and invest in term deposits?
Book an appointmentI'm not a member yet
Be a financial force for change. Join 500,000+ members and make money while putting your dollars to creating a cleaner and fairer world.
Book an account openingYour deposits are 100% guaranteed
Vancity is a BC Financial Services Authority authorized credit union and is covered by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).
To find out more about this coverage, visit the CUDIC website or ask us for more details.
‡ Rate is subject to change or may be withdrawn without notice at any time. Terms and Conditions for each term deposit apply: