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.
1-year non-redeemable
Save for next year's vacation, car, or shopping spree. Existing members can log in and open online.
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 2022-11-18) |
Rates |
|---|---|
| Year 1 | 4.25% |
| Year 2 | 4.40% |
| Year 3 | 5.00% |
| The Vancity 5-Year Escalating Term Deposit (minimum balance $500)
For RRSP, RRIF, RESP and RDSP only (Rates effective 2022-11-18) |
Rates |
|---|---|
| Year 1 | 3.40% |
| Year 2 | 3.65% |
| Year 3 | 4.50% |
| Year 4 | 5.00% |
| Year 5 | 5.20% |
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 2022-11-18) |
Rates |
|---|---|
| Non-Redeemable, 12 to less than 18 months | 4.50% |
| Non-Redeemable, 18 to less than 24 months | 4.55% |
| Non-Redeemable, 24 to less than 30 months | 4.35% |
| Non-Redeemable, 30 to less than 36 months | 4.25% |
| Non-Redeemable, 36 to less than 48 months | 4.40% |
| Non-Redeemable, 48 to less than 60 months | 4.40% |
| Non-Redeemable, 60 months | 4.50% |
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 2022-11-18) |
Rates |
|---|---|
| Non-Redeemable, 12 to less than 18 months | 4.50% |
| Non-Redeemable, 18 to less than 24 months | 4.55% |
| Non-Redeemable, 24 to less than 30 months | 4.35% |
| Non-Redeemable, 30 to less than 36 months | 4.25% |
| Non-Redeemable, 36 to less than 48 months | 4.40% |
| Non-Redeemable, 48 to less than 60 months | 4.40% |
| Non-Redeemable, 60 months | 4.50% |
| Semi-Annual Interest Term Deposit (minimum balance $500) (Rates effective 2022-11-18) |
Rates |
|---|---|
| Semi Annual Term, 12 to less than 18 months | 4.45% |
| Semi Annual Term, 18 to less than 24 months | 4.50% |
| Semi Annual Term, 24 to less than 30 months | 4.30% |
| Semi Annual Term, 30 to less than 36 months | 4.20% |
| Semi Annual Term, 36 to less than 48 months | 4.35% |
| Semi Annual Term, 48 to less than 60 months | 4.35% |
| Semi Annual Term, 60 months | 4.45% |
| Semi-Annual Compound Interest Term Deposit (minimum balance $100) (Rates effective 2022-11-18) |
Rates |
|---|---|
| Non-Redeemable, 12 to less than 18 months | 4.45% |
| Non-Redeemable, 18 to less than 24 months | 4.50% |
| Non-Redeemable, 24 to less than 30 months | 4.30% |
| Non-Redeemable, 30 to less than 36 months | 4.20% |
| Non-Redeemable, 36 to less than 48 months | 4.35% |
| Non-Redeemable, 48 to less than 60 months | 4.35% |
| Non-Redeemable, 60 months | 4.45% |
| Monthly Income Term Deposit (minimum balance $1,000) (Rates effective 2022-11-18) |
Rates |
|---|---|
| Non-Redeemable, 12 to less than 18 months | 4.40% |
| Non-Redeemable, 18 to less than 24 months | 4.45% |
| Non-Redeemable, 24 to less than 30 months | 4.25% |
| Non-Redeemable, 30 to less than 36 months | 4.15% |
| Non-Redeemable, 36 to less than 48 months | 4.30% |
| Non-Redeemable, 48 to less than 60 months | 4.30% |
| Non-Redeemable, 60 months | 4.40% |
| Monthly Plus Income Term Deposit (minimum balance $1,000) (Rates effective 2022-11-18) |
Rates |
|---|---|
| Non-Redeemable, 12 to less than 18 months | 4.50% |
| Non-Redeemable, 18 to less than 24 months | 4.55% |
| Non-Redeemable, 24 to less than 30 months | 4.35% |
| Non-Redeemable, 30 to less than 36 months | 4.25% |
| Non-Redeemable, 36 to less than 48 months | 4.40% |
| Non-Redeemable, 48 to less than 60 months | 4.40% |
| Non-Redeemable, 60 months | 4.50% |
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 2022-11-18) | Rates |
|---|---|
| Cashable (30 Day Lock-out) Term, 12 months | 2.25% |
| Cashable (90 Day Lock-out) Term, 12 months | 2.60% |
Redeemable term deposits
Redeemable term deposits are eligible with non-registered accounts only.
| Long Term Redeemable (minimum balance $500)
(Rates effective 2022-11-18) |
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 2022-11-18) |
Rates |
|---|---|
| Short Term, 30-59 days | 0.70% |
| Short Term, 60-89 days | 0.80% |
| Short Term, 90-119 days | 0.90% |
| Short Term, 120-179 days | 1.00% |
| Short Term, 180-269 days | 1.55% |
| Short Term, 270-364 days | 1.55% |
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 2022-11-18) |
Rates |
|---|---|
| 12 Month RRIF Convertible | 2.25% |
USD term deposits
USD term deposits are eligible with non-registered accounts only.
| U.S. Dollar Short-Term Redeemable (minimum balance US$5,000)
(Rates effective 2022-11-18) |
Rates |
|---|---|
| Short Term, US$, 30-59 days | 0.80% |
| Short Term, US$, 60-89 days | 0.95% |
| Short Term, US$, 90-119 days | 1.10% |
| Short Term, US$, 120-179 days | 1.20% |
| Short Term, US$, 180-269 days | 2.30% |
| Short Term, US$, 270-364 days | 2.50% |
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.
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: