Cashable term deposits
Our most flexible term deposit.
Earn a higher interest rate than a savings account and cash out anytime after lockout.
Time Horizon
1 year, with a 30- or 90-day lockout
Risk
Low risk, guaranteed returnᶲ
Options for
Non-registered accounts, TFSA, or FHSA
Great if
You want to earn more interest on your emergency fund. You can keep some of it in this term deposit and put the rest in a high-interest savings account.
How it works.
Choose an account
You can open this term deposit within a non-registered account or in a TFSA or FHSA.
Earn interest
Keep at least $500 in the account to continue earning interest. After the lockout period, you can make a withdrawal while still receiving interest for the time the money was invested.
Access your funds
Before the lockout period ends, you can withdraw your deposit in full only, but you won’t earn interest.
At maturity, your term deposit renews unless specified otherwise.
Earning interest.
Interest is paid at maturity or upon withdrawal.
$500
$500
| Lockout period options | Minimum balance |
|---|---|
1-year cashable, 30-day lockout | $500 |
1-year cashable, 90-day lockout (only available for non-registered accounts) | $500 |
Your deposits in this account are 100% protected by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).
Questions? We have answers.
Open an account
If you’re a Vancity member, you can open a non-registered term deposit or add one to an existing TFSA or FHSA through digital banking.
Talk to a pro
If you’re new to Vancity or want to open a new TFSA or FHSA, book an appointment with us.
Explore other deposits.
Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated.
Cashable term deposits withdrawn before the end of the lockout period will not earn interest.