3-year escalating term deposits

Keep your options open with a 3-year escalating term deposit. Not only is your principal guaranteed, your interest rate also escalates, giving you the opportunity to earn more while keeping your investment safe.

The Vancity 3–Year Escalating Term Deposit (Rates effective 2019-01-08) Rates
Year 1 2.50%
Year 2 2.75%
Year 3 4.05%

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

  • Flexibility: redeemable without penalty at the end of each year*.
  • Prosperity: RRSP, TFSA and RRIF eligible to help you save for retirement, travel, a down payment or other goals.
  • Security: Credit unions are a safe place to deposit. At Vancity, depositors are 100% protected by the Credit Union Deposit Insurance Corporation of British Columbia.

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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Getting started

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Maximize your RRSP contribution with an RRSP loan