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 2021-04-23)
Rates
Year 1 0.95%
Year 2 1.05%
Year 3 2.00%
The Vancity 5-Year Escalating Term Deposit (minimum balance $500)
For RRSP, RRIF, RESP and RDSP only
(Rates effective 2021-04-23)
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 2021-04-23)
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 1.35%
Non-Redeemable, 60 months 1.35%

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 2021-04-23)
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 1.35%
Non-Redeemable, 60 months 1.35%

Semi-Annual Interest Term Deposit (minimum balance $500)
(Rates effective 2021-04-23)
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 1.30%
Semi Annual Term, 60 months 1.30%

Semi-Annual Compound Interest Term Deposit (minimum balance $100)
(Rates effective 2021-04-23)
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 1.30%
Non-Redeemable, 60 months 1.30%

Monthly Income Term Deposit (minimum balance $1,000)
(Rates effective 2021-04-23)
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 1.25%
Non-Redeemable, 60 months 1.25%

Monthly Plus Income Term Deposit (minimum balance $1,000)
(Rates effective 2021-04-23)
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 1.35%
Non-Redeemable, 60 months 1.35%

Cashable term deposits

Cashable term deposits are eligible with non-registered accounts or TFSA.

Cashable Term Deposit (minimum balance $500)
(Rates effective 2021-04-23)
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 March 23 to Monday May 24, 2021 * 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)
15.00%
(2.84% compounded annually)
Market Stretch 5-year 0.00% 16.00%
(3.01% compounded annually)

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 2021-04-23)
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%