Types of term deposits / GICs

Use this overview to compare term deposits and choose the investment option that’s right for you. At Vancity, depositors are 100% protected by the Credit Union Deposit Insurance Corporation of British Columbia.

Term Deposit TypeOverviewKey Features

Non-redeemable

If you don’t need ready access to your cash, you’ll earn a very competitive, guaranteed interest rate with this type of term deposit. Also available in socially responsible investment options.

  • Terms from 1 to 5 years
  • Minimum investment starts at $500
  • Interest rates are guaranteed for the full term of the investment
  • Choice of simple or compounding interest

Shared World

Earn a guaranteed, competitive interest rate while helping to address poverty in developing regions around the world.

  • Available in a 1-year, fixed-term deposit
  • Minimum investment starts at just $100
  • Your deposit becomes the lending capital for microfinance loans
  • An RRSP-eligible investment

Escalating

This three-year investment offers a competitive interest rate that escalates, giving you the opportunity to earn more while keeping your investment safe.

  • Minimum investment starts at $500
  • Redeemable or convertible at each anniversary with full interest
  • Interest rates are guaranteed to rise
  • Choice of simple or compounding interest

Cashable

Get maximum flexibility with a 1 year term that earns a competitive interest rate and lets you access your money at any time after the lock-out date.

  • Minimum investment starts at $500
  • Cash out after the lock-out period and earn full interest on your investment amount
  • Cash out in part or in full before the lock-out period and earn no interest
  • Available with 30-day or 90-day lockout period

Short-term redeemable

Access your cash any time and earn competitive interest rates with an investment term as short as 30 days.

  • Access your money any time
  • Minimum investment starts at $5,000
  • Choose investment terms from 30 to 364 days

Long-term redeemable

Access your cash any time and earn competitive interest rates on an investment as low as $500.

  • Access your money any time
  • Minimum investment starts at $500
  • Choose investment terms from 1 to 5 years
  • Choice of simple or compounding interest

Index-linked

Protect your investment and enjoy the potential to earn higher returns linked to stock market performance.

  • 3 or 5 year terms available
  • Minimum investment starts at $1,000
  • Choose Market Sure option for a guaranteed minimum return on your investment
  • Choose Market Stretch for returns linked to a group composed of 20 TSX60 companies