Rates & Service Charges

At Vancity Community Investment Bank (VCIB), below are our current Rates and Service Charges:

Rates:

  • VCIB Prime: 5.95%
  • Effective 27 October 2022

Historical VCIB Prime Rate Changes Effective Dates:

  • Sept 8th, 2022 – 5.45%
  • July 14th, 2022 – 4.70%
  • June 02nd, 2022 – 3.70%
  • April 14th, 2022 – 3.20%
  • March 03rd, 2022 – 2.70%
  • March 30th, 2020 – 2.45%
  • March 17th, 2020 – 2.95%
  • March 5th, 2020 – 3.45%
  • Oct. 25th, 2018 – 3.95%

Impact High Interest Savings Account rates:

  • Effective October 31, 2022
$0 – 99,999 Level 1 0.25%
$100,000 – $499,999 Level 2 0.50%
$500,000 – $999,999 Level 3 0.75%
$1MM+ Level 4 1.00%
  • Interest is paid based on each tier as a split rate for dollar amounts within each tier.
  • Interest is paid monthly on the last business day of the month and calculated based on closing daily balance.

Service Charges:

VCIB Transaction & Savings Account Fee Schedule 
Account Name Impact Business Account Impact Business 100 Account Impact Business Unlimited Account Impact Business High Interest Savings
  Clients with needs to move funds in/out for investments or limited use. Clients with ongoing daily banking needs. Clients with a high volume of ongoing daily banking needs. Clients that need shorter-term fully flexible savings to complement their transaction account.
Monthly Package Administration Fee  $0 $25 $50 $0
Monthly Fee Waiver

Monthly Administration fee waived when minimum monthly balance maintained. 

NA $10,000 $25,000 NA
Account Administration: Statement Access Monthly Electronic Statement FREE
Interest Rate Refer to VCIB Interest Rate Bulletin at www.vcib.ca/rates
Online Banking Access Included
Online Banking AFT Access Included
Monthly Transactions included* 25 100 Unlimited 10
Note: * Where transaction threshold exceeded for 2 consecutive months fee for the next threshold transaction account will be applied.  
electronic debit and credit transactions $0 $0 $0 NA
External funds transfer AFT inbound (client-initiated pull)        
External funds transfer AFT outbound (client-initiated push)        
Pre-Authorized Credit (VCIB initiated pull)        
Pre-Authorized Debit (VCIB initiated push)        
Bill Payments        
Interac e-Transfer transactions $0 $0 $0 NA
Interac e-Transfer ® – Accept Deposit $0 $0 $0  
Interac e-Transfer – Send Money $1.40  $1.40   $1.40    
Interac e-Transfer – Request Money $0 $0 $0   
Interac e-Transfer – Fulfilling a Request $1.40 $1.40 $1.40   
Interac e-Transfer – Auto Deposit $0 $0 $0  
other transactions $0 $0 $0 NA
Cheques issued        

  

VCIB Miscellaneous Fee Schedule
Chargeback (client receives AFT or cheque that is NSF) $7
Overdraft Charge/Handling Fee $5
Overdraft Protection Fee Negotiable
NSF Fee (cheques or ongoing PAPs from client account) $45
Monthly Paper Statement (in lieu of estatement) $5
Stop Payment $15
Manual Account or Loan Statement $10
Bank Draft $20
Balance of Account – transfer of account to another FI $25
Closing account within 6 months Within 90 days: $25.00
Collection Items – Received $20
Collection Items – Sent $20
Looking Up Entries $30/hour (min. $15)

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