US dollar redeemable term deposit
Invest in US dollars and cash out anytime.
Time horizon
30 to 364 days
Risk
Low risk, guaranteed return
Options for
Non-registered personal and business accounts
Great if
You travel to the US frequently and tend to hold on to US cash. This USD GIC, aka term deposit, allows you to avoid exchange rate fluctuations when used in combination with a USD chequing account. That way it can stay in the same currency at maturity.
Special OFFER
New deposits earn 3.85% interest
For a limited time, earn 3.85% with our 364-day USD short-term redeemable term deposit. Eligible with new deposits to Vancity. For more information, view our FAQs and terms & conditions.
How it works.
Choose an account
You can open this term deposit within non-registered personal and business accounts only.
Let your money mature
Get a guaranteed interest rate as long as your money stays in the term deposit. If you remove your funds before the maturity date, you won’t receive any interest, only your deposited amount.
Access 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.
Simple interest is paid in USD at maturity.
$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.
Open an account
Members can open a non-registered term deposit through digital banking.
Talk to a pro
If you’re new to Vancity or need 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.