3-year escalating term deposits

Keep your options open with a 3-year escalating term deposit. Each year your interest rate increases – guaranteed – while your investment is 100% protected.

The Vancity 3–Year Escalating Term Deposit (Rates effective 2021-03-18) Rates
Year 1 0.75%
Year 2 0.85%
Year 3 1.85%

Rates are subject to change without notice.

  • Available for your non-registered, TFSA, RRSP, RRIF, RESP and RDSP investments.
  • Start with a minimum investment of just $500.

Escalating term deposits are an ideal choice if you’re looking for:

  • Guaranteed returns: Know exactly what your interest is each year. The calculator below is a guide to how much your savings will grow in three years. 1
  • Security: Credit unions are a safe place to deposit. Depositors are fully protected by the Credit Union Deposit Insurance Corporation (CUDIC) of British Columbia.
  • Flexibility: You can redeem your non-registered or TFSA 3-year escalating term deposit on the first or second anniversary and receive full interest for the invested period. 2

There are two easy ways to purchase a term deposit


How much can I earn?

Find out how much your savings will go up using our calculator below:


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1 Registered term deposits accrue compound interest calculated annually and paid at maturity. Non-registered term deposits offer you the option of simple interest paid at maturity, or compound interest calculated annually and paid at maturity.

2 If you redeem between the first and second anniversary date, you’ll receive simple interest for your first complete year but no interest for the period after the first anniversary. If you redeem your funds between the second and third anniversary, you’ll receive full interest for your two complete years but not for the period after the second anniversary. And interest would be paid according to your option of either simple or compound. If you redeem before the first anniversary, no interest would be paid. You can convert your RRSP, RRIF, RESP and RDSP 3-year escalating term deposit at the end of the first or second anniversaries to another Vancity term deposit of equal or greater remaining term length, or to another investment product offered by our wealth management professionals.


Getting started

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Not yet a member?
No problem. Book an appointment today to take advantage of these great rates. Call 1.888.Vancity.

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