A term deposit, also known as a guaranteed investment certificate (GIC), is a low-risk investment that earns interest.
Deposit your money for a set amount of time and you’ll earn interest based on an agreed rate or condition. Unlike a savings account where the rate may change.
Use term deposits to save cash that you don’t need to use now, but are likely to use within the next 5 years.
These deposits help fund loans and mortgages used to sustain our neighbourhoods and local businesses.
How do I pick? Think about how long you can put away your money and how much access you’ll need. Cashable and escalating deposits have the most flexibility while non-redeemables may provide better rates.
A higher interest rate every year.
Freedom to withdraw at select times
Our most flexible term deposit.
30 or 90 day lockout
Invest without locking in.
Invest for 1 to 5 years
Lock in your cash and earn more.
Invest for 1 to 5 years
Meet your contributions in time.
Convertible at any time
Earn and avoid exchange rate fluctuations.
Invest for 30 to 364 days
Earn more than your savings account.
Invest for 30 to 364 days
Market-linked returns with this ESG-screened portfolio.
Invest for 3 or 5 years
Unbiased advice
Our wealth planners are here for your best interest. Sharing knowledge about finances so you can make the right decisions for you is our goal.
360° advice and guidance
We look at your big picture, life-stage, tax guidance, retirement planning, and investment strategies to help you plan your financial future.
Alternative ways to invest
If you’d rather invest on your own online, we offer online investing tools. For large investment portfolios, we also offer discretionary fund management.
At Vancity, 30% of profits go to change-making initiatives, and your deposits help support local businesses like Fabcycle, a fabric seller that gives textiles waste a new life.
View legal details
Your deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).
Vancity is a BC Financial Services Authority authorized credit union and is covered by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC). To find out more about this coverage, visit the CUDIC website or ask us for more details.
‡ Rate is subject to change or may be withdrawn without notice at any time. Terms and Conditions for each term deposit apply: