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Beware of fraudulent emails posing as VCIB. Legitimate emails will only come from @vcib.ca and are not promotional. Click here to learn more about preventing fraud. For inquiries, reach out to info@vcib.ca.

VCIB’s Unity GIC:
Now sold out

Thanks to all of our investors for your support

Invest with confidence, build resilience

During these challenging times, VCIB remains committed to helping organizations that are impacted by COVID-19. That’s why we’re responding with the Unity GIC, which offers organizations the ability to earn more through a stable investment vehicle and, in turn, businesses and non-profits in the community get much-needed loans or financial relief to sustain their organizations through these difficult times.

It’s our way of helping our community pull together.

Unity GIC
(Now sold out)

3.00%1

1-Year Fixed Term GIC

  • Interest paid at maturity
  • Non-redeemable within the 12-month term
  • Minimum of $25,000 per depositor, maximum investment of $250,000
  • Available for organizations only – including businesses and non-profits

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

Fixed Term
Impact GIC

1.10%1

1-Year Fixed Term GIC

  • Interest paid at maturity
  • Non-redeemable within the term
  • Minimum of $50,000 per depositor
  • Terms between 30 days and 5 years available. Contact us below for rates
  • Available for organizations only – including businesses and non-profits

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

Thanks to all of our Unity GIC investors for helping to build resilience in communities affected by COVID-19. If you’re still interested in aligning your investments with your values, check out our suite of Impact GICs.

Learn More

cdic

Safely Insured

VCIB is a member of the Canada Deposit Insurance Corporation (CDIC). CDIC is a federal Crown corporation that was created in 1967 to protect the money Canadians deposit in member financial institutions.

canada

Federally Chartered

VCIB is a Schedule 1 chartered bank operating under federal guidelines and regulated by the Office of the Superintendent of Financial Institutions.

bcorp

Certified Beneficial

A B Corp’s™ purpose is to create social and financial value. To belong, they must meet high standards of transparency and accountability, and create positive social and environmental benefit.

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Change Maker

VCIB belongs to the Global Alliance for Banking on Values, an international network of banking leaders who make social and environmental change a part of their financial model.

none 100 percent

of investments in VCIB’s Unity GIC contribute to organizations that are struggling due to the COVID-19 pandemic

Frequently Asked Questions

Why is VCIB offering the Unity GIC?

During these challenging times, VCIB remains committed to helping organizations that are impacted by COVID-19. For a limited time, the VCIB Unity GIC offers organizations the ability to earn more through a stable investment vehicle and, in turn businesses and non-profits in the community get much-needed loans or loan payment relief to sustain their organizations through these difficult times. It’s our way of helping our community pull together.

What are the terms available?

The VCIB Unity GIC is only available in one term length, 12 months, and is non-redeemable within the term.

What’s the minimum investment?

The minimum deposit for a Unity GIC is $25,000, and the maximum deposit is $250,000.

Are my 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 VCIB's GICs as an individual?

VCIB’s GIC products 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.

How else is VCIB supporting the community during COVID-19?

We’re proud to be partnering with the Toronto Foundation, the Ottawa Community Foundation, and the Hamilton Community Foundation to provide rapid-response funds aimed at supporting those most affected by COVID-19 and its economic consequences. To read more about how VCIB is ready to help organizations that may need our support during these unprecedented times, click here.

I’m seeking financing for my business, which has been disrupted by COVID-19. How can I benefit from this initiative?

VCIB actively lends to social purpose real estate and clean energy projects, and we will be launching impact business lending in the coming months. We work closely with each potential borrower to understand their unique and specific circumstances and requirements. If you are a mission-driven business with financing needs, please contact our team to see if we can be of support.

*All or part of the deposit may be withdrawn at any time, but deposit must be held for at least 90 days to earn interest. Interest rate is per annum and interest is paid at maturity or at the time of redemption. Non transferable.

The interest rates shown are indicative rates and may change without notice are only confirmed at the time of investment. The indicated rates are not available for transactions below the Bank’s minimum deposit thresholds, and do not reflect discretionary pricing that may be applied to client accounts. As interest rates vary depending on a number of factors we recommend you contact us when the product is available for investment to obtain an accurate quote. Rates are only guaranteed at the time of investment. Additional terms and conditions will apply.

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

Beware of fraudulent emails posing as VCIB. Legitimate emails will only come from @vcib.ca and are not promotional. Click here to learn more about preventing fraud. For inquiries, reach out to info@vcib.ca.