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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.
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

Planet-Wise™ Index-Linked term deposit

Get market-linked returns and a guaranteed principal with this ESG-screened portfolio.

  • Invest for 3 or 5 years
  • Start investing with $1,000
  • For non-registered accounts, TFSA, RRSP, RRIF

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:

  • 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 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.

Rate is subject to change or may be withdrawn without notice at any time. Terms and Conditions for each term deposit apply: