Non-redeemable term deposits
Earn more when you lock in your cash.
Time horizon
1 to 5 years
Risk
Low risk, guaranteed return
Options for
Registered and non-registered accounts
Great if
You’re saving for a car, a wedding, or something that’s a few years away. If you’re retired, you can also use this term deposit to safely grow money that you’d like to use in a few years.
How it works.
Choose an account
You can open a term deposit within a non-registered account or in a registered plan, like a TFSA, RRSP, FHSA, RRIF, RESP, or RDSP.
Earn higher interest rates
Generally, non-redeemable term deposits pay higher interest rates than redeemable terms.
Access your funds
You can only access your money at the end of the term.
At maturity, your term deposit renews unless specified otherwise.
Earning interest.
With registered accounts, this term deposit is eligible with TFSA, RRSP, FHSA, RRIF, RESP, and RDSP accounts. Interest is calculated annually and paid at maturity.
(Eligible with TFSA, RRSP, FHSA, RRIF, RESP, RDSP)
$500
| Interest payment frequency | Minimum balance |
|---|---|
Annual / annual compound interest (Eligible with TFSA, RRSP, FHSA, RRIF, RESP, RDSP) | $500 |
For non-registered accounts, you can choose how often you receive interest payments. By default, all options except the monthly option, compound interest, and pay it at maturity. If you’d like to change how often interest is paid out, give us a call or visit us in-person.
If you’re a business member, you may only select the annual option.
$500
$500
$100
$1,000
$1,000
| Interest payment frequency | Minimum balance |
|---|---|
Annual / annual compound interest | $500 |
Semi-annual interest | $500 |
Semi-annual compound interest | $100 |
Monthly Income term deposit | $1,000 |
Monthly Plus Income term deposit | $1,000 |
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, RRSP, FHSA, RRIF, or RDSP through digital banking.
Talk to a pro
If you’re new to Vancity or want to open a new TFSA, RRSP, FHSA, RRIF, or other registered account, book an appointment with us.
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.