COVID-19 UPDATE: To read how VCIB is ready to help organizations that may need our support during these unprecedented times, click here.

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.



Fixed Term
Impact GIC


1-Year Fixed Term GIC

  • Terms between 30 days and 5 years. Contact us below for rates
  • Interest paid at maturity
  • Short and long-term rates available
  • Non-redeemable within the term
  • Minimum of $50,000 per depositor

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

Impact GIC


1-Year cashable GIC if held until maturity

  • One-year deposit
  • Fully cashable throughout the term
  • Interest paid at maturity or at the time of redemption
  • Minimum of $50,000 per depositor
  • No interest is paid if redeemed in the first 90 days*

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.

Contact Us


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Business lending

We’ll soon introduce new business lending products to enable the growth of social enterprises

Impact banking

From credit cards to checking accounts, we’re launching new day-to-day banking services for your organization

Contact Us

VCIB’s Unity GIC

During these challenging times, VCIB remains committed to helping organizations impacted by COVID-19.

That’s why we’re responding with the Unity GIC. Investors earn 3% through a stable investment vehicle and, in turn, businesses and non-profits get much-needed loans or financial relief to sustain their organizations through these difficult times.
  • Earn a financial return while building resilience in your community
  • Competitive interest rate of 3.00% annually
  • Non-redeemable within the 12-month term
  • Minimum investment of $25,000, maximum investment of $250,000
  • Available for a limited time

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 Deposits are guaranteed by Canada Deposit Insurance Cooperation (CDIC), a crown corporation that protects deposits up to $100,000.

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

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