Our term deposit rates.

Lock in a great rate for funds that you aren’t using in the short and medium term.

See more term deposits

Why this investment

Escalating term deposits are great for: when you’re saving for a big purchase at least a year away and don’t know exactly when you’ll need to use the money. Earn a rate that gets higher every year.

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Escalating term deposits.

Escalating term deposits are eligible with non-registered accounts, TFSA, RRSP, RRIF, RESP and RDSP.

The Vancity 3-Year Escalating Term Deposit (minimum balance $500)(Rates effective 2024-01-19) Rates
Year 1 4.00%
Year 2 4.10%
Year 3 4.20%
The Vancity 5-Year Escalating Term Deposit (minimum balance $500)
For RRSP, RRIF, RESP and RDSP only
(Rates effective 2024-01-19)
Rates
Year 1 3.00%
Year 2 3.15%
Year 3 4.00%
Year 4 4.50%
Year 5 5.00%

Non-redeemable term deposits.

Combine a lower interest rate with a predictable payment schedule and the option to repay a portion of your mortgage ahead of time.

For registered accounts

This term deposit is eligible with TFSA, RRSP, RRIF, RESP, RDSP accounts.

Annual / Annual Compound Interest Term Deposit (minimum balance $500)
(Rates effective 2024-01-19)
Rates
Non-Redeemable, 12 to less than 18 months 4.75%
Non-Redeemable, 18 to less than 24 months 4.75%
Non-Redeemable, 24 to less than 30 months 4.50%
Non-Redeemable, 30 to less than 36 months 4.00%
Non-Redeemable, 36 to less than 48 months 4.25%
Non-Redeemable, 48 to less than 60 months 4.25%
Non-Redeemable, 60 months 4.25%

For non-registered accounts

You can choose how often you receive interest payments. If you'd like to leave your interest earned in the account to compound instead of paying out, give us a call or visit us in-person.

Annual / Annual Compound Interest Term Deposit (minimum balance $500)
(Rates effective 2024-01-19)
Rates
Non-Redeemable, 12 to less than 18 months 4.75%
Non-Redeemable, 18 to less than 24 months 4.75%
Non-Redeemable, 24 to less than 30 months 4.50%
Non-Redeemable, 30 to less than 36 months 4.00%
Non-Redeemable, 36 to less than 48 months 4.25%
Non-Redeemable, 48 to less than 60 months 4.25%
Non-Redeemable, 60 months 4.25%


Semi-Annual Interest Term Deposit (minimum balance $500)
(Rates effective 2024-01-19)
Rates
Semi Annual Term, 12 to less than 18 months 4.70%
Semi Annual Term, 18 to less than 24 months 4.70%
Semi Annual Term, 24 to less than 30 months 4.45%
Semi Annual Term, 30 to less than 36 months 3.95%
Semi Annual Term, 36 to less than 48 months 4.20%
Semi Annual Term, 48 to less than 60 months 4.20%
Semi Annual Term, 60 months 4.20%


Semi-Annual Compound Interest Term Deposit (minimum balance $100)
(Rates effective 2024-01-19)
Rates
Non-Redeemable, 12 to less than 18 months 4.70%
Non-Redeemable, 18 to less than 24 months 4.70%
Non-Redeemable, 24 to less than 30 months 4.45%
Non-Redeemable, 30 to less than 36 months 3.95%
Non-Redeemable, 36 to less than 48 months 4.20%
Non-Redeemable, 48 to less than 60 months 4.20%
Non-Redeemable, 60 months 4.20%


Monthly Income Term Deposit (minimum balance $1,000)
(Rates effective 2024-01-19)
Rates
Non-Redeemable, 12 to less than 18 months 4.65%
Non-Redeemable, 18 to less than 24 months 4.65%
Non-Redeemable, 24 to less than 30 months 4.40%
Non-Redeemable, 30 to less than 36 months 3.90%
Non-Redeemable, 36 to less than 48 months 4.15%
Non-Redeemable, 48 to less than 60 months 4.15%
Non-Redeemable, 60 months 4.15%


Monthly Plus Income Term Deposit (minimum balance $1,000)
(Rates effective 2024-01-19)
Rates
Non-Redeemable, 12 to less than 18 months 4.75%
Non-Redeemable, 18 to less than 24 months 4.75%
Non-Redeemable, 24 to less than 30 months 4.50%
Non-Redeemable, 30 to less than 36 months 4.00%
Non-Redeemable, 36 to less than 48 months 4.25%
Non-Redeemable, 48 to less than 60 months 4.25%
Non-Redeemable, 60 months 4.25%

Cashable term deposits.

Cashable Term Deposit (minimum balance $500)
(Rates effective 2024-01-19)
Rates
Cashable (30 Day Lock-out) Term, 12 months 3.00%
Cashable (90 Day Lock-out) Term, 12 months 3.05%

Redeemable term deposits.

Take advantage of a lower interest rate and fixed monthly payments with a variable mortgage, available with open or fixed term.

Long Term Redeemable (minimum balance $500)
(Rates effective 2024-01-19)
Rates
Redeemable, 12 to less than 24 months 1.50%
Redeemable, 24 to less than 36 months 1.75%
Redeemable, 36 to less than 48 months 2.00%
Redeemable, 48 to less than 60 months 2.50%
Redeemable, 60 Months 3.00%


Short Term Redeemable (minimum balance $5,000)
(Rates effective 2024-01-19)
Rates
Short Term, 30-59 days 1.75%
Short Term, 60-89 days 1.85%
Short Term, 90-119 days 2.15%
Short Term, 120-179 days 2.50%
Short Term, 180-269 days 2.50%
Short Term, 270-364 days 2.65%

RRSP/RRIF convertible term deposits.

Get a low interest rate guaranteed for 5 years, predictable fixed payments and the flexibility to prepay annually a portion of your mortgage ahead of time.

RRSP/RRIF Convertible Term Deposit (minimum balance $500)
(Rates effective 2024-01-19)
Rates
12 Month RRIF Convertible 2.65%

USD term deposits.

Get a low interest rate guaranteed for 5 years, predictable fixed payments and the flexibility to prepay annually a portion of your mortgage ahead of time.

U.S. Dollar Short-Term Redeemable (minimum balance US$5,000)
(Rates effective 2024-01-19)
Rates
Short Term, US$, 30-59 days 1.75%
Short Term, US$, 60-89 days 1.95%
Short Term, US$, 90-119 days 2.15%
Short Term, US$, 120-179 days 2.40%
Short Term, US$, 180-269 days 3.50%
Short Term, US$, 270-364 days 3.50%

Let's get saving.

Online

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

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Talk to a pro

New to Vancity or opening a new TFSA, RRSP, RRIF or other registered account? Let's chat.

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