Term deposits / GICs

Low-risk investing that does good.

Get up to 5.00%
on a 3-year escalating term deposit.

Year 1 2.85%
Year 2 3.10%
Year 3 5.00%
Average 3.65%

To open a term deposit online go to Online Banking,
book an appointment, or call our Member Services Centre at 604-877-7000.

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.
See rates

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 typeOverviewKey features

Cashable term deposit

Our most flexible term deposit.

  • 1 year terms (30 or 90 day lockout)
  • Start investing with $500
  • 30 day lock out - non-registered and TFSA options
  • 90 day lock out - non-registered option

Escalating term deposit

Get a higher interest rate every year.

  • Freedom to withdraw annually
  • Start investing with $500
  • For non-registered accounts, TFSA, RRSP, RRIF, RESP, RDSP

Long-term redeemable

Invest without locking in.

  • Invest for 1 to 5 years
  • Start investing with $500
  • For non-registered accounts


Lock in your cash and earn more.

  • Invest for 1 to 5 years
  • Start investing with $100
  • For non-registered accounts, TFSA, RRSP, RRIF, RESP, RDSP

Short-term redeemable

Earn more than your savings account.

  • Invest for 30 to 364 days
  • Start investing with $5,000
  • For non-registered accounts

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:

Want to open a new TFSA, RRSP, RRIF or RDSP and invest in term deposits?

Book an appointment

I'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 opening

Your 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.