Term deposit / GIC rates
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.
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 2023-08-04) |
Rates |
|---|---|
| Year 1 | 3.00% |
| Year 2 | 3.15% |
| Year 3 | 5.00% |
| The Vancity 5-Year Escalating Term Deposit (minimum balance $500)
For RRSP, RRIF, RESP and RDSP only (Rates effective 2023-08-04) |
Rates |
|---|---|
| Year 1 | 3.00% |
| Year 2 | 3.15% |
| Year 3 | 4.00% |
| Year 4 | 4.50% |
| Year 5 | 5.00% |
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 2023-08-04) |
Rates |
|---|---|
| Non-Redeemable, 12 to less than 18 months | 5.00% |
| Non-Redeemable, 18 to less than 24 months | 5.00% |
| Non-Redeemable, 24 to less than 30 months | 5.00% |
| Non-Redeemable, 30 to less than 36 months | 4.00% |
| Non-Redeemable, 36 to less than 48 months | 3.65% |
| Non-Redeemable, 48 to less than 60 months | 3.75% |
| Non-Redeemable, 60 months | 3.85% |
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 2023-08-04) |
Rates |
|---|---|
| Non-Redeemable, 12 to less than 18 months | 5.00% |
| Non-Redeemable, 18 to less than 24 months | 5.00% |
| Non-Redeemable, 24 to less than 30 months | 5.00% |
| Non-Redeemable, 30 to less than 36 months | 4.00% |
| Non-Redeemable, 36 to less than 48 months | 3.65% |
| Non-Redeemable, 48 to less than 60 months | 3.75% |
| Non-Redeemable, 60 months | 3.85% |
| Semi-Annual Interest Term Deposit (minimum balance $500) (Rates effective 2023-08-04) |
Rates |
|---|---|
| Semi Annual Term, 12 to less than 18 months | 4.95% |
| Semi Annual Term, 18 to less than 24 months | 4.95% |
| Semi Annual Term, 24 to less than 30 months | 4.95% |
| Semi Annual Term, 30 to less than 36 months | 3.95% |
| Semi Annual Term, 36 to less than 48 months | 3.60% |
| Semi Annual Term, 48 to less than 60 months | 3.70% |
| Semi Annual Term, 60 months | 3.80% |
| Semi-Annual Compound Interest Term Deposit (minimum balance $100) (Rates effective 2023-08-04) |
Rates |
|---|---|
| Non-Redeemable, 12 to less than 18 months | 4.95% |
| Non-Redeemable, 18 to less than 24 months | 4.95% |
| Non-Redeemable, 24 to less than 30 months | 4.95% |
| Non-Redeemable, 30 to less than 36 months | 3.95% |
| Non-Redeemable, 36 to less than 48 months | 3.60% |
| Non-Redeemable, 48 to less than 60 months | 3.70% |
| Non-Redeemable, 60 months | 3.80% |
| Monthly Income Term Deposit (minimum balance $1,000) (Rates effective 2023-08-04) |
Rates |
|---|---|
| Non-Redeemable, 12 to less than 18 months | 4.90% |
| Non-Redeemable, 18 to less than 24 months | 4.90% |
| Non-Redeemable, 24 to less than 30 months | 4.90% |
| Non-Redeemable, 30 to less than 36 months | 3.90% |
| Non-Redeemable, 36 to less than 48 months | 3.55% |
| Non-Redeemable, 48 to less than 60 months | 3.65% |
| Non-Redeemable, 60 months | 3.75% |
| Monthly Plus Income Term Deposit (minimum balance $1,000) (Rates effective 2023-08-04) |
Rates |
|---|---|
| Non-Redeemable, 12 to less than 18 months | 5.00% |
| Non-Redeemable, 18 to less than 24 months | 5.00% |
| Non-Redeemable, 24 to less than 30 months | 5.00% |
| Non-Redeemable, 30 to less than 36 months | 4.00% |
| Non-Redeemable, 36 to less than 48 months | 3.65% |
| Non-Redeemable, 48 to less than 60 months | 3.75% |
| Non-Redeemable, 60 months | 3.85% |
Cashable term deposits
30 day lock out - non-registered and TFSA options
90 day lock out - non-registered option
| Cashable Term Deposit (minimum balance $500)
(Rates effective 2023-07-24) | Rates |
|---|---|
| Cashable (30 Day Lock-out) Term, 12 months | 2.65% |
| Cashable (90 Day Lock-out) Term, 12 months | 2.75% |
Redeemable term deposits
Redeemable term deposits are eligible with non-registered accounts only.
| Long Term Redeemable (minimum balance $500)
(Rates effective 2023-08-18) |
Rates |
|---|---|
| Redeemable, 12 to less than 24 months | 1.50% |
| Redeemable, 24 to less than 36 months | 1.75% |
| Redeemable, 36 to less than 48 months | 2.00% |
| Redeemable, 48 to less than 60 months | 2.50% |
| Redeemable, 60 Months | 3.00% |
| Short Term Redeemable (minimum balance $5,000)
(Rates effective 2023-08-18) |
Rates |
|---|---|
| Short Term, 30-59 days | 1.75% |
| Short Term, 60-89 days | 1.85% |
| Short Term, 90-119 days | 2.15% |
| Short Term, 120-179 days | 2.50% |
| Short Term, 180-269 days | 2.50% |
| Short Term, 270-364 days | 2.65% |
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 2023-08-04) |
Rates |
|---|---|
| 12 Month RRIF Convertible | 2.65% |
USD term deposits
USD term deposits are eligible with non-registered accounts only.
| U.S. Dollar Short-Term Redeemable (minimum balance US$5,000)
(Rates effective 2023-08-18) |
Rates |
|---|---|
| Short Term, US$, 30-59 days | 1.75% |
| Short Term, US$, 60-89 days | 1.95% |
| Short Term, US$, 90-119 days | 2.15% |
| Short Term, US$, 120-179 days | 2.40% |
| Short Term, US$, 180-269 days | 3.45% |
| Short Term, US$, 270-364 days | 3.70% |
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 appointmentI'm not a member yet
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Book an account opening‡ Rate is subject to change or may be withdrawn without notice at any time. Terms and Conditions for each term deposit apply: