RRSP/RRIF convertible term deposits
Park your money to meet tax deadlines.
Then switch to a different term or investment product for free when you’re ready.
Time horizon
1 year
Risk
Low risk, guaranteed return
Options for
RRSP and RRIF
Great if
You want to meet your RRSP contribution or RRIF withdrawal deadlines while earning higher returns than a savings account.
How it works.
Choose an account
You can only open this term deposit within an RRSP or RRIF.
Earn interest while you decide
Park your money in this deposit and earn a competitive interest rate while you decide when and how to invest your funds further.
Transfer to another option
At any time, you can switch your investment for free to another term deposit or investment product offered by Vancity.
At maturity, your term deposit renews unless specified otherwise.
Earning interest.
You’ll earn simple interest at maturity or at conversion. The interest gets reinvested with your principle if you renew the term deposit or goes into the new investment when you convert.
$500
| Length of deposit | Minimum balance |
|---|---|
12 months | $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.
If you’re a Vancity member, you can open this term deposit through digital banking.
Talk to a pro
If you’re new to Vancity or want personalized advice, 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.