Short-term redeemable term deposits
Higher interest, lower commitment.
Time Horizon
30 to 364 days
Risk
Low risk, guaranteed return
Options for
Non-registered accounts only
Great if
You want to earn interest for cash that you’ll be needing to use within the coming year.
How it works.
Open your term deposit
Lock in a guaranteed interest rate by keeping your money invested until the maturity date. Your rate stays the same for the entire term, giving you a predictable return on your savings.
Renew at maturity
When your term deposit reaches maturity, it will automatically renew for a new term unless you’ve provided other instructions before the maturity date.
Withdrawing early
If you redeem your term deposit after the first 30 days but before maturity, you’ll earn a reduced interest rate. Withdraw within the first 29 days of opening or renewing your term deposit, and no interest will be paid.
If redeeming early, the entire balance must be withdrawn.
Earning interest.
$5,000
| Length of deposit | Minimum balance |
|---|---|
30 to 364 days | $5,000 |
Your deposits in this account are 100% protected by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).
Questions? We have answers.
Our pros with some advice on this term deposit.
Open an account
Members can open non-registered term deposits or add a term deposit to an existing TFSA, RRSP, FHSA, RRIF or RDSP in Account Services.
Talk to a pro
New to vancity or opening a new TFSA, RRSP, FHSA, RRIF or other registered account? Let’s chat.
Explore other 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.