Non-redeemable term deposits

Earn more when you lock in your cash.

Vancity deposits help suppport

empowering kids through sport in local programs.

Time Horizon

1 to 5 years


Low risk, guaranteed return

Options for

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

Get started

Show me the goods.

This term deposit is great for:
When you’re saving for a car, a wedding or something that’s a few years away. For those that are retired, it's also commonly used to safely grow money that you'd like to use in a few years.

How it works:
Deposit your money for a set amount of time and earn interest. Generally, non-redeemable term deposits pay higher interest rates than redeemable terms, as your funds are locked-in and only redeemable at maturity at the end of the term.

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

View rates

Earning interest.

With registered accounts, this term deposit is eligible with TFSA, RRSP, FHSA, RRIF, RESP, RDSP accounts. Interest is calculated annualy and paid at maturity.

Interest payment frequency

Minimum balance

Annual / annual compound interest
(Eligible with TFSA, RRSP, FHSA, RRIF, RESP, RDSP)


For non-registered accounts, you can choose how often you receive interest payments. By default, all options except the monthly option, has interest compounded and paid at maturity. If you'd like to change how often interest is paid out, give us a call or visit us in-person.

If you are a business member, you may only select the annual option.

Interest payment frequency

Minimum balance

Annual / annual compound interest


Semi-annual interest


Semi-annual compound interest


Monthly Income term deposit


Monthly Plus Income term deposit


Deposits are 100% guaranteed by CUDIC
View rates

Ask the pros.

Our pros with some advice on this term deposit.

Should I get a redeemable term deposit or a non-redeemable one?

Think about whether you'll need to use the money during the investment period. If you can commit to leaving it untouched, non-redeemable will give you a better rate. If you're unsure, you can also split your investment and put some in each.

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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