Long-term redeemable term deposit
Low-risk investments to be fearless with.
Time horizon
1 to 5 years
Risk
Low risk, guaranteed return
Options for
Non-registered accounts
Great if
When you’re saving for something a few years away but might need to withdraw early. You’ll get a guaranteed return but you can still take your money out anytime before maturity.
How it works.
Account options
You can only open a term deposit within a non-registered account.
Early redemption
If you withdraw after 30 days but before maturity, you’ll earn a reduced interest rate. If you withdraw within 29 days of opening or renewing the term deposit, you won’t earn interest.
Accessing your funds
You can access your funds at any time, but you must redeem the whole amount.
At maturity, your term deposit renews unless specified otherwise.
Earning interest.
With this term deposit, interest is compounded annually and paid at maturity.
$500
| Interest type | Minimum balance |
|---|---|
Annual | $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
Members can open non-registered term deposits or add a term deposit to an existing TFSA, RRSP, FHSA, RRIF, or RDSP through digital banking.
Talk to a pro.
New to Vancity or opening a new TFSA, RRSP, FHSA, RRIF, or other registered account? Let’s chat.
Explore other term 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.