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.
OF INVESTMENTS IN VCIB’S IMPACT GICS CONTRIBUTE TO AFFORDABLE AND SUSTAINABLE COMMUNITIES ACROSS CANADA
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.
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 ourto learn more or contact us to get started.
Impact GIC Investment Package
To download our Impact GIC Investment package please fill out the following form. If you have specific questions, clickto get in touch.
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:
VCIB’s 2020 Impact Report
Jan 28, 2021
VCIB is proud to be using the tools of finance to drive change and build back better. Check…[...]
Investing to preserve and grow capital for Toronto’s first dedicated Indigenous Health Centre
Jun 12, 2020
When Anishnawbe Health Foundation launched its capital campaign to build Toronto’s first ever dedicated Indigenous Health Center, they…[...]
Parkdale Neighbourhood Land Trust: Affordability through community ownership
Apr 21, 2020
For sale signs and eviction notices are becoming a more common sight in Parkdale, but so are the […]
Downing Street Group: Creating a Coworking Community Hub in South Etobicoke
Apr 14, 2020
It’s an unlikely spot for a state of the art coworking space. Nestled in amongst a dozen auto […]
"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."
Executive Director, Broadbent InstituteRead Full Story
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(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.