Vancity Impact™ Term Deposit
Make your money matter without giving up returns.
Vancity’s new Impact Term Deposit helps grow your savings while supporting local impact. Earn 3.10% with registered deposits and non‑registered at 3.00%.¹
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.
Savings that grow while making a difference.
Supports impact-making businesses
Your funds will directly benefit lending for Vancity commercial and business members with projects supporting local communities and initiatives certified under the Sustainability Issuance Framework (SIF).
These include initiatives like affordable housing and green building projects aligned with SIF, which Morningstar Sustainalytics gave a second party opinion on. Reporting on how the funds are allocated will be externally assured.
Know exactly how much you’ll earn
This deposit earns a fixed rate, with interest paid at the end of the one-year term.
Non-redeemable term deposits generally pay higher interest rates than redeemable terms, as your funds are locked-in and only redeemable at maturity at the end of the term. The term deposit will automatically renew at maturity unless specified otherwise.
Supporting community impact.
Indigenous Economic Pathways (IEP)
At Vancity, your deposits support change-making initiatives and local businesses like Indigenous Economic Pathways, a grassroots-driven and Indigenous not-for-profit organization hosting transformative events that foster collaboration, sustainability, and reconciliation across key sectors.
Support from Vancity has enabled this organization to deliver impactful events and programing to advance Indigenous-led economic reconciliation.
Santevia Water Systems
Santevia produces and sells water filtration systems with an eight-stage filtration and re-mineralization process that can add vitamins to water, which other systems cannot. This helps provide healthier water to homes.
In 2018, Vancity, through their Holdco Wellness Warehouse Inc., provided a commercial mortgage for Santevia’s operating property and a operating loan to support working capital. This financing helps Santevia continue manufacturing its core products locally, supporting Canadian jobs and keeping production in its facility.
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).
FAQs.
Open this term deposit
Members can open non-registered term deposits or add a term deposit to an existing TFSA, RRSP or RRIF in Account Services.
Talk to a pro
New to vancity or opening a new term deposit account? Let’s chat.
Explore other deposits.
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.