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 September 21 to Monday November 22, 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)

* 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 2021-04-23)
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%