Escalating term deposits

A higher interest rate every year.

Vancity deposits help support

Indigenous cuisine and culture through small business.

Time Horizon

3 or 5 years


Low risk, guaranteed return

Options for

Non-registered accounts, TFSA, RRSP, FHSA, RRIF, RESP, RDSP

Get started

Show me the goods.

This deposit is 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.

How it works:
The interest rate will increase each year you keep your money in an escalating term deposit. Depending on the length and type of investment, you have the freedom to withdraw on certain anniversaries¹. Or in the case of RRSP, FHSA, RRIF, RESP and RDSP, on certain anniversaries you can convert to other investments.

The term deposit will automatically renew at maturity unless specified otherwise.

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Earning interest.

Registered escalating term deposits make compound interest that's calculated annually and paid at maturity. Non-registered escalating term deposits offer compound interest calculated annually and paid at maturity by default or you can request for interest to be paid at each annivesary.




Minimum balance

3-year escalating term deposit

Non-registered accounts, TFSA

On the first and second anniversary, you can cash out your investment.


3-year escalating term deposit


On the first and second anniversary, you can switch to any investment option we offer of equal or greater length.


5-year escalating term deposit


On the third and fourth anniversary, you can switch to any investment option we offer of equal or greater length.


Deposits are 100% guaranteed by CUDIC
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Ask the pros.

Our pros with some advice on this term deposit.

How does the escalating term deposit compare?

This term deposit is a good pick if you have plans for this money in a few years. But if you want more flexibility on when you can withdraw, consider the cashable term deposit or redeemable term deposit.

What if I want to invest longer?

Mutual funds* introduce risk but could potentially earn more than term deposits if you're investing longer than 5 years. The best portfolios include a mix of investments so you can get potentially higher returns and the access you need. Let's chat! Our professional advice is always free.

How do I withdraw from my term deposit?

To withdraw from a term deposit, please call us, visit a branch or send us a secure message in Online Banking with your request.

Term deposits have different conditions around withdrawing before maturity which will affect the interest you earn.

Non-redeemable term deposits cannot be withdrawn before maturity.

Get free personalized advice

Let's get saving.


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

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Talk to a pro

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

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