Vancity Impact™ Term Deposit

Deposits that make a difference.

Sales period closed.

Thanks to strong member interest, this product has reached capacity and is currently closed to new deposits. Stay tuned, we’ll be sharing more impact-focused products in the future.

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Time Horizon

1 year

Risk

Low risk, guaranteed return, non-redeemable

Options for

Non-registered accounts, business accounts, RRSP², TFSA, and RRIF

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.

What makes the Impact Term Deposit different?

Support impactful businesses

Funds from your Impact Term Deposit directly benefit local community projects and initiatives certified under the Sustainability Issuance Framework (SIF).

The Sustainable Issuance Framework includes categories of initiatives that make a difference. These include affordable housing, clean energy, clean transportation, energy efficiency, green building, Indigenous communities & businesses, socioeconomic advancement, and women entrepreneurs.

Returns are guaranteed

Non-redeemable term deposits generally pay higher interest rates compared to redeemable terms. Interest is paid at the end of the one-year term and will automatically renew at maturity, unless specified otherwise.

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Make a real impact in your community.

Peaked Pies

Opened in 2013 in Whistler, BC, Peaked Pies was created to bring the authentic taste and culture of Australian pies to Canada. What began as a small cafe quickly became a local favourite, allowing the company to expand with additional locations across the Lower Mainland.

Through the support of our Impact Term Deposit, Vancity can reinvest in local businesses like Peaked Pies by providing financing that supports growth through essential storefront upgrades, day-to-day cash flow, and more.

MYTAXEXPERT

Gally Shapiama, a Peruvian immigrant, founded MY TAXEXPERT in Burnaby to help newcomers navigate Canada’s complex tax system with clear and trustworthy guidance. Together with Vancity, they provide financial education, access to appropriate banking products, and credit guidance to their community.

Thanks to investments through our Impact Term Deposit, Vancity can support growth and operational stability for small businesses like MY TAXEXPERT, while increasing access to more inclusive banking practices.

Earning interest.

With this term deposit, interest is compounded annually and paid at maturity.

Interest type	Minimum balance	Maximum balance
Annual	$500	$5 million

Your deposits in this account are 100% protected by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).

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FAQs.

The Vancity Impact™ Term Deposit works like a regular term deposit, but deposits are used to finance impact projects that meet specific sustainability criteria under the Sustainability Issuance Framework (SIF). These local impact projects are owned and operated by our own commercial and business members.

A term deposit is a fixed‑term investment where the investor places a lump sum with a financial institution for a set period at a pre-determined interest rate. The original principal amount is guaranteed, and therefore there is no risk to the investor. Learn more.

The Vancity Sustainability Issuance Framework is a set of principles and guidelines that direct how Vancity funds projects with positive environmental and social impact. It aligns with international standards, such as the Green Bond Principles and Social Bond Principles, ensuring transparency and accountability in the use of proceeds.

The framework prioritizes areas like clean energy, energy efficiency, green buildings, affordable housing, and support for Indigenous communities and women-owned businesses, reinforcing Vancity’s commitment to climate action, reconciliation, and community resilience.

Lending projects at Vancity undergo a vigorous process of review and alignment with continued monitoring:

Initial eligibility check
Projects must fit into at least one eligible category under the Sustainability Issuance Framework (SIF), including:
- Green projects: green buildings, clean energy, energy efficiency, and clean transportation
- Social projects: Indigenous communities and businesses, women-owned or controlled businesses, affordable housing, improved access to financial services, or initiatives that support economic opportunity
Alignment with recognized standards
Assessment follows the International Capital Market Association (ICMA) Green/Social/Sustainability Bond Principles and LSTA/LMA Green & Social Loan Principles, ensuring consistency with global best practices.
Impact and use of funds
Vancity confirms that loan funds are used to finance or refinance projects that create clear environmental or social benefits. Projects must also align with Vancity’s impact priorities, such as climate action, reconciliation, community resilience, and affordable housing.
Governance and approval
The Sustainability Issuance Committee reviews and approves all eligible projects. Approved projects are recorded in a Sustainability Issuance Register, which supports transparency and annual audits.
Monitoring and reporting
Funded projects are regularly monitored, and Vancity publishes annual reports on how funds are allocated and the environmental and social impacts achieved. These updates are shared on Vancity’s website.

The Vancity Impact Term Deposit supports local, impact‑driven businesses certified under the Sustainability Issuance Framework, while Planet‑Wise products are focused specifically on climate action and enabling a low‑carbon future.

This offer is subject to an aggregate investment cap of CAD 250 million across all Vancity members and accounts. Vancity may, in its sole discretion, discontinue this offer at any time, with or without reaching the cap, and without prior notice. See full terms & conditions.

Open term deposits.

Members can open non-registered term deposits or add a term deposit to an existing TFSA, RRSP or RRIF online.

New accounts.

New to Vancity or opening a new registered investment account?

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Personal Business

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¹ The Vancouver City Savings Credit Union (“Vancity”) Impact Term Deposit offer is available starting January 12, 2026. This offer is subject to an aggregate investment cap of CAD 250 million across all Vancity members and accounts. Vancity may, in its sole discretion, discontinue this offer at any time, with or without reaching the cap, and without prior notice. Discontinuation of this offer does not affect existing term deposits, which will continue to maturity under their original terms. Full terms and conditions.

² Funds will be placed in a non-registered, Registered Retirement Savings Plan (“RRSP”), Tax-Free Savings Account (“TFSA”) or Registered Retirement Income Fund (“RRIF”) 12-month non-redeemable term deposit. All deposits to the RRSP, TFSA and RRIF are subject to the limits imposed by the Canada Revenue Agency (“CRA”). Interest will apply to the term deposit during the offer period up to a maximum deposit of CAD 5 million per account type (i.e. non-registered, RRSP, TFSA and RRIF). You are fully responsible for monitoring your individual contribution limits and ensuring all deposits fall within CRA limits. You further agree to indemnify and hold Vancity harmless in respect of any such penalties, charges, or losses you may incur as a result of, or related to, CRA limits. Funds deposited under this offer will be separated from other term deposit types and will be earmarked for allocation to eligible lending products under Vancity’s Sustainability Issuance Framework.