Planet-Wise™ index-linked term deposit
Growth that protects your principal.
Term length
3 or 5 years
Risk
Principal is guaranteed
Options for
Non-registered accounts, TFSA, RRSP, and RRIF¹
Great if
You like the security of a term deposit but wish it had a higher potential return without all the risk of the stock market.
How it works.
Choose an account
You can open a term deposit with an non-registered account or in a registered plan, like a TFSA, RRSP, or RRIF.
Earn market-based returns
This term deposit is also non-redeemable¹, which means your investment is locked-in for 3 or 5 years.
When to invest
You can only invest in index-linked term deposits (ILTD) at special times of the year. The sales period runs from March 17 to May 18, 2026.
Your index-linked options.
Choose the Planet-Wise™ index-linked term deposit that offers your ideal term and rate details.
| 3-year non-redeemable¹ | 5-year non-redeemable¹ | |
|---|---|---|
| Guaranteed minimum rate Your principal is protected, no matter if the market rises or falls. | 0.00% | 0.00% |
| Maximum cap rate | 17.00% (5.37% annual compound) | 40.00% (6.96% annual compound) |
The rise and fall of the market.
The market is like a box of chocolates: you never know what you’re going to get. Unlike directly investing in the market, with an index-linked term deposit, you get more certainty. You can benefit from growth when the market climbs, and your principal is protected if it declines.
Key dates and what they mean.
Before the issue date
Your money starts earning interest right away. From the day you deposit until the issue date, your money earns interest equal to a 30-day cashable as it waits for the sales period to end.
On the issue date
Once the issue date arrives, your ILTD funds are locked in for the full term, either 3 or 5 years. Your return will then depend on how the holdings within the fund perform.
Maturity date
At the end of the term, your principle is returned and you are paid the earnings. Instead of simply taking the market value on the last day, earnings are based on the average closing index at 7, 30, and 60 days prior to maturity. Using this average gives you a more stable return rather than being affected by a single day’s performance.2
Questions? We have answers.
Open this term deposit
Choose the in-person or book a call with a specialist to open this investment.
Still have questions
New to Vancity or still have questions? Let’s chat.
Explore other deposits.
This Index-Linked term deposit may not be negotiated, transferred or redeemed until the end of either the 3-year or 5-year maturity date. Additionally, for RRIF products, funds may not be withdrawn to satisfy any minimum RRIF withdrawals. Index-Linked term deposit within a RRIF account will not be redeemable until the maturity date.
The interest paid at maturity, if applicable, is subject to a minimum and maximum cap rate. If the calculated return of the list of companies is higher than the maximum interest amount at maturity, then the interest paid will be the maximum amount disclosed in the Terms and Conditions. If the calculated return of the list of companies is lower than the minimum interest amount at maturity, then the interest paid will be the minimum amount disclosed in the Terms and Conditions. This applies for both Planet-Wise 3-year and 5-year term deposit.
Your deposits in this account are 100% protected 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.