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Term deposit / GIC rates

Limited time term deposit rates.

18-month non-redeemable

4.55%

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

4.00%

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

4.50%

Save for next year's vacation, car, or shopping spree. Existing members can log in and open online.

Call us at 1-877-709-6925 to open one today

or

Book a term deposit appointment


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 appointment

I'm not a member yet

Be a financial force for change. Join 500,000+ members and make money while putting your dollars to creating a cleaner and fairer world.

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: