Term deposit / GIC rates
Rates are subject to change without notice. For more information about Vancity's interest rates, please call us at 604.877.7000 or toll-free at 1.888.Vancity (826.2489).
Escalating term deposits
Escalating term deposits are eligible with non-registered accounts, TFSA, RRSP, RRIF, RESP and RDSP.
| The Vancity 3-Year Escalating Term Deposit (minimum balance $500)
(Rates effective 2021-11-10) |
Rates |
|---|---|
| Year 1 | 1.00% |
| Year 2 | 1.50% |
| Year 3 | 2.00% |
| The Vancity 5-Year Escalating Term Deposit (minimum balance $500)
For RRSP, RRIF, RESP and RDSP only (Rates effective 2021-11-10) |
Rates |
|---|---|
| Year 1 | 0.95% |
| Year 2 | 1.05% |
| Year 3 | 1.25% |
| Year 4 | 1.50% |
| Year 5 | 2.15% |
Non-redeemable term deposits
For registered accounts
This term deposit is eligible with TFSA, RRSP, RRIF, RESP, RDSP accounts.
| Annual / Annual Compound Interest Term Deposit (minimum balance $500) (Rates effective 2021-10-27) |
Rates |
|---|---|
| Non-Redeemable, 12 to less than 18 months | 0.80% |
| Non-Redeemable, 18 to less than 24 months | 0.70% |
| Non-Redeemable, 24 to less than 30 months | 0.90% |
| Non-Redeemable, 30 to less than 36 months | 0.90% |
| Non-Redeemable, 36 to less than 48 months | 1.35% |
| Non-Redeemable, 48 to less than 60 months | 1.40% |
| Non-Redeemable, 60 months | 1.50% |
For non-registered accounts
You can choose how often you receive interest payments. If you'd like to leave your interest earned in the account to compound instead of paying out, give us a call or visit us in-person.
| Annual / Annual Compound Interest Term Deposit (minimum balance $500) (Rates effective 2021-10-27) |
Rates |
|---|---|
| Non-Redeemable, 12 to less than 18 months | 0.80% |
| Non-Redeemable, 18 to less than 24 months | 0.70% |
| Non-Redeemable, 24 to less than 30 months | 0.90% |
| Non-Redeemable, 30 to less than 36 months | 0.90% |
| Non-Redeemable, 36 to less than 48 months | 1.35% |
| Non-Redeemable, 48 to less than 60 months | 1.40% |
| Non-Redeemable, 60 months | 1.50% |
| Semi-Annual Interest Term Deposit (minimum balance $500) (Rates effective 2021-10-27) |
Rates |
|---|---|
| Semi Annual Term, 12 to less than 18 months | 0.75% |
| Semi Annual Term, 18 to less than 24 months | 0.65% |
| Semi Annual Term, 24 to less than 30 months | 0.85% |
| Semi Annual Term, 30 to less than 36 months | 0.85% |
| Semi Annual Term, 36 to less than 48 months | 1.30% |
| Semi Annual Term, 48 to less than 60 months | 1.35% |
| Semi Annual Term, 60 months | 1.45% |
| Semi-Annual Compound Interest Term Deposit (minimum balance $100) (Rates effective 2021-10-27) |
Rates |
|---|---|
| Non-Redeemable, 12 to less than 18 months | 0.75% |
| Non-Redeemable, 18 to less than 24 months | 0.65% |
| Non-Redeemable, 24 to less than 30 months | 0.85% |
| Non-Redeemable, 30 to less than 36 months | 0.85% |
| Non-Redeemable, 36 to less than 48 months | 1.30% |
| Non-Redeemable, 48 to less than 60 months | 1.35% |
| Non-Redeemable, 60 months | 1.45% |
| Monthly Income Term Deposit (minimum balance $1,000) (Rates effective 2021-10-27) |
Rates |
|---|---|
| Non-Redeemable, 12 to less than 18 months | 0.70% |
| Non-Redeemable, 18 to less than 24 months | 0.60% |
| Non-Redeemable, 24 to less than 30 months | 0.80% |
| Non-Redeemable, 30 to less than 36 months | 0.80% |
| Non-Redeemable, 36 to less than 48 months | 1.25% |
| Non-Redeemable, 48 to less than 60 months | 1.30% |
| Non-Redeemable, 60 months | 1.40% |
| Monthly Plus Income Term Deposit (minimum balance $1,000) (Rates effective 2021-10-27) |
Rates |
|---|---|
| Non-Redeemable, 12 to less than 18 months | 0.80% |
| Non-Redeemable, 18 to less than 24 months | 0.70% |
| Non-Redeemable, 24 to less than 30 months | 0.90% |
| Non-Redeemable, 30 to less than 36 months | 0.90% |
| Non-Redeemable, 36 to less than 48 months | 1.35% |
| Non-Redeemable, 48 to less than 60 months | 1.40% |
| Non-Redeemable, 60 months | 1.50% |
Cashable term deposits
Cashable term deposits are eligible with non-registered accounts or TFSA.
| Cashable Term Deposit (minimum balance $500)
(Rates effective 2021-11-10) | Rates |
|---|---|
| Cashable (30 Day Lock-out) Term, 12 months | 0.20% |
| Cashable (90 Day Lock-out) Term, 12 months | 0.25% |
Index-linked term deposits
Index-linked term deposits are eligible with non-registered accounts, TFSA, RRSP and RRIF.
| Index-linked Term Deposit sale period: Tuesday November 23 to Monday January 4, 2022 * | Minimum Guaranteed Cumulative Return at maturity ** | Maximum Cumulative Return at maturity ** |
|---|---|---|
| Market Sure 3-year | 0.30% (0.10% compounded annually) |
7.00% (2.28% compounded annually) |
| Market Sure 5-year | 0.50% (0.10% compounded annually) |
20.00% (3.71% compounded annually) |
| Market Stretch 5-year | 0.00% | 17.00% (3.19% compounded annually) |
* The returns in the table above are only in effect for the noted presale period
** The principal amount of a Market Sure and Market Stretch Index-linked Term Deposit is guaranteed and is repayable upon maturity, but there is no guarantee of earning any return linked to the performance of the underlying securities. The rate of return for the term payable, if any, will be the return on the portfolio of investments, which are the basis for calculating the return on the on the Index-linked term deposits subject to the following: the rate of return for the term will not be less than zero or more than the maximum rate of return. The rate of return for the term: (i) is compounded; (ii) as set out based on the maximum rate of return for the term is subject to change between Issues; and (iii) is not an annual rate but is the rate of return over the entire term of the Index-linked Term Deposits.
Redeemable term deposits
Redeemable term deposits are eligible with non-registered accounts only.
| Long Term Redeemable (minimum balance $500)
(Rates effective 2020-12-15) |
Rates |
|---|---|
| Redeemable, 12 to less than 24 months | 0.30% |
| Redeemable, 24 to less than 36 months | 0.35% |
| Redeemable, 36 to less than 48 months | 0.35% |
| Redeemable, 48 to less than 60 months | 0.50% |
| Redeemable, 60 Months | 0.65% |
| Short Term Redeemable (minimum balance $5,000)
(Rates effective 2020-12-15) |
Rates |
|---|---|
| Short Term, 30-59 days | 0.05% |
| Short Term, 60-89 days | 0.05% |
| Short Term, 90-119 days | 0.05% |
| Short Term, 120-179 days | 0.10% |
| Short Term, 180-269 days | 0.10% |
| Short Term, 270-364 days | 0.25% |
RRSP/RRIF convertible term deposits
RRSP/RRIF convertible term deposits are eligible with RRSP and RRIF.
| RRSP/RRIF Convertible Term Deposit (minimum balance $500)
(Rates effective 2021-11-10) |
Rates |
|---|---|
| 12 Month RRIF Convertible | 0.20% |
USD term deposits
USD term deposits are eligible with non-registered accounts only.
| U.S. Dollar Short-Term Redeemable (minimum balance US$5,000)
(Rates effective 2020-12-15) |
Rates |
|---|---|
| Short Term, US$, 30-59 days | 0.05% |
| Short Term, US$, 60-89 days | 0.05% |
| Short Term, US$, 90-119 days | 0.10% |
| Short Term, US$, 120-179 days | 0.10% |
| Short Term, US$, 180-269 days | 0.10% |
| Short Term, US$, 270-364 days | 0.15% |