¹ If you redeem between the first and second anniversary date, you’ll receive simple interest for your first complete year but no interest for the period after the first anniversary. If you redeem your funds between the second and third anniversary, you’ll receive full interest for your two complete years but not for the period after the second anniversary. And interest would be paid according to your option of either simple or compound. If you redeem before the first anniversary, no interest would be paid. You can convert your RRSP, RRIF, RESP and RDSP 3-year escalating term deposit at the end of the first or second anniversaries to another Vancity term deposit of equal or greater remaining term length, or to another investment product offered by our wealth management professionals. Redemption or conversion outside of the allowable anniversary date is not guaranteed and subject to Vancity approval on an exception basis.
*Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions, their values change frequently, and past performance may not be repeated.
