Impact GICs

Be financially and socially conscious

Align your investments with your values

Our Impact GICs offer organizations the ability to support transformational work in the community while investing at competitive rates. And, when you bank with VCIB, your investments finance projects with positive impact, like affordable housing, clean energy and green buildings.

100%

OF INVESTMENTS IN VCIB’S IMPACT GICS CONTRIBUTE TO AFFORDABLE AND SUSTAINABLE COMMUNITIES ACROSS CANADA

Fixed Term
Impact GICs

1.00%1

1-Year Fixed Term GIC

  • Terms between 30 days and 5 years. Contact us below for rates
  • Interest paid annually on multi-year terms, and at maturity for all other terms
  • Non-redeemable within the term
  • Minimum of $50,000 per depositor

1. Rates valid as of and are subject to change without notice.

Cashable
Impact GICs

0.80%2

1-Year Escalator Cashable GIC

  • 1-year term with 30-day penalty, 90-day penalty, and escalator products available
  • Fully cashable throughout the term
  • Interest paid at maturity or at the time of redemption
  • No interest is paid if redeemed during the penalty period
  • Minimum of $50,000 per depositor

2. Rates valid as of and are subject to change without notice.

Download our Impact GIC Investment Package to learn more or contact us to get started.

Get Started

The VCIB Impact GIC at work

When you invest in an Impact GIC, you help support important work like the preservation of affordable housing. With financing from VCIB, the Neighbourhood Land Trust acquired a 15-unit rooming house in Parkdale, Toronto, now permanently preserved as affordable rental housing for low income community members. Read about this and other stories on our blog:

"The notion that VCIB is doing measurable good in the world in the same places that we’re trying to work in every day as an Institute, that’s a real value for us."

Rick Smith

Executive Director, Broadbent Institute

Read Full Story
Rick Smith

How to Invest

Our team will work with you to choose the products that are right for your organization and help you complete the investment process. Download our Impact GIC Investment Package to learn more.

Ready to
invest in change?
Let’s talk.

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AVAILABLE

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Business lending

We offer term loans and lines of credit to enable the growth of non-profits, social enterprises, and purpose-driven businesses

Impact banking

From credit cards to savings accounts, we can support your organization’s day-to-day banking needs

Learn More

Frequently Asked Questions

What are the terms available?

For VCIB’s Fixed Term Impact GIC, deposits are available in term lengths between 30 days and up to 5 years and are non-redeemable during the length of their term. The Cashable Impact GIC is only available in one term length, 12 months, yet is cashable throughout the term. See the Impact GIC Investment Package (linked in the above section) for full product details.

What’s the minimum Investment?

Our minimum account size is $50,000 per client, which can be invested across multiple deposits.

Are your Deposits guaranteed?

VCIB interest rates are guaranteed for the term of the investment.   VCIB Deposits are eligible for deposit insurance by Canada Deposit Insurance Cooperation (CDIC).    https://www.cdic.ca/your-coverage/

Can I invest in a VCIB Impact GIC as an individual?

VCIB Impact GICs are not available to individuals. As a commercial bank, VCIB exclusively serves impact organizations and businesses. For impact investment products accessible to individual investors please visit our subsidiary CoPower.me.

Can my existing broker, financial advisor, or portfolio manager buy this?

We are happy to work with your custodian to hold Impact GICs on your behalf. Please contact us for more information.

Vancity Community Investment Bank is a member of CDIC and is a Certified B-CorpTM