Instead of earning a guaranteed and known amount, your return will be within a set range that’s shared with you when you invest. The return you receive at maturity is based on a formula and the performance of this basket of stocks. See our Terms & Conditions for more information.
Planet-Wise™ Index-linked term deposit
Get involved in the market while protecting your principal.
Term length
3 or 5 years
Risk
Principal is guaranteed
Options for
Non-registered accounts, TFSA, RRSP, RRIF¹
Show me the goods.
This term deposit is great if:
You like the security of a term deposit but wish it had a higher potential return without all the risk of the stock market.
How it works:
The return you make with this term deposit is based on a portfolio of major companies. These companies were selected and ESG-screened* (which means ones that don't meet our standards for sustainability are excluded, like oil and gas companies). How much money you earn at the end of the term is related to how they performed in the stock market.
This term deposit is also non-redeemable¹, which means your investment is locked-in for 3 or 5 years.
When to invest:
Like scoring tickets to your favourite show in town, you can only invest in index-linked term deposits at special times of the year. The sales period will run from January 20th, 2026 – March 16th, 2026.
Your index-linked options.
From the options below, select the Planet-Wise™ Index-Linked Term Deposit that offers your ideal term and rate details.
3-year non-redeemable¹
5-year non-redeemable¹
Guaranteed minimum rate
Your principal is protected, no matter if the market rises or falls.
0.00%
0.00%
Maximum cap rate
17.50%
(5.52% annual compound)
42.00%
(7.26% annual compound)
The rise and fall of the market.
The market is like a box of chocolates—you never know what you’re going to get. Unlike directly investing in the market, with an index-linked term deposit, you get more certainty. You can benefit from growth when the market climbs, and your principal is protected if it declines.
For illustrative purposes only. Past performance is not indicative of future returns.
Key dates and what they mean.
Before the issue date.
Your money starts earning interest right away. From the day you deposit until the issue date, your money earns interest equal to a 30-day cashable as it waits for the sales period to end.
On the issue date.
Once the issue date arrives, your ILTD funds are locked in for the full term, either 3 or 5 years. Your return will then depend on how the holdings within the fund perform.
Maturity date.
At the end of the term, your principle is returned and you are paid the earnings. Instead of simply taking the market value on the last day, earnings are based on the average closing index at 7, 30 and 60 days prior to maturity.
Using this average gives you a more stable return rather than being affected by a single day’s performance.
Ask the pros.
How is this different from other term deposits?
What makes it Planet-Wise?
The Planet-Wise ILTD offering excludes sectors that don’t meet our standards for sustainable products and services, like oil & gas. Not only is your Planet-Wise ILTD return linked to stock performance, but it’s based on ESG considerations.
What does ESG mean? How is this term connected to the term deposit?
ESG stands for 'environmental, social, and governance'. An ESG screening excludes a list of criteria designed to identify companies that have exposure to unsustainable products or services, which are then omitted from our portfolio. Exclusions are based on revenue screening with companies earning 5%◊ or more revenue from direct 'Big 5' products and service offerings excluded from investment. The 'Big 5' is made up of tobacco, gambling, adult entertainment, weapons, and nuclear power.
The Planet-Wise ILTD offering excludes these sectors — so, along with being linked to stock performance, your ILTD investment includes ESG considerations.
How’s this different from investing in stocks?
When investing in the market, your principal is at risk. In contrast, when you invest in an ILTD, your principal is guaranteed, often with a minimum rate of return. Plus, with a Planet-Wise ILTD, you get access to the growth potential of a basket of stocks that are screened according ESG standards.
Want to dive into the math? Your return or loss for a stock or security is based on your purchase and sell price. With ILTD, your return is calculated on the average of how the investments do at approximately 7, 30, and 60 days prior to the date of maturity. Minimum and maximum rates also apply.
Start investing.
Open this term deposit
To open this investment, we’ll need your signature. Choose the in-person option when booking a time.
Open term deposit
Still have questions?
Speak with a specialist and get term deposit advice over the phone.
Book a callView legal details
¹This Index-Linked term deposit may not be negotiated, transferred or redeemed until the end of either the 3-year or 5-year maturity date. Additionally, for RRIF products, funds may not be withdrawn to satisfy any minimum RRIF withdrawals. Index-Linked term deposit within a RRIF account will not be redeemable until the maturity date.
²The interest paid at maturity, if applicable, is subject to a minimum and maximum cap rate. If the calculated return of the list of companies is higher than the maximum interest amount at maturity, then the interest paid will be the maximum amount disclosed in the Terms and Conditions. If the calculated return of the list of companies is lower than the minimum interest amount at maturity, then the interest paid will be the minimum amount disclosed in the Terms and Conditions. This applies for both Planet-Wise 3-year and 5-year term deposit.
Your deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).
Vancity is a BC Financial Services Authority authorized credit union and is covered by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC). To find out more about this coverage, visit the CUDIC website or ask us for more details.