What are the investment options available through Vancity?

Vancity offers a diverse range of investment options designed to help members achieve their financial goals. One of the most popular options is the Guaranteed Investment Certificate, commonly known as a GIC. This provides a secure way to grow savings with a fixed interest rate over a specified term. Members can choose from a variety of terms to suit their needs, and their principal investment is protected. Another option available is the Registered Retirement Savings Plan, or RRSP. This account helps members save for retirement with the added benefit of tax-deferred growth. There are also options for a Tax-Free Savings Account, or TFSA, which allows individuals to earn interest tax-free, making it an excellent choice for both short- and long-term savings. Vancity also provides opportunities for socially responsible investing through their Community Investment portfolios. These investments focus on positive social and environmental impacts while still seeking financial returns. Members can invest in local initiatives, green projects, and businesses that align with their values. For those interested in a more hands-on approach, Vancity offers mutual funds and other investment products that can be tailored to individual risk tolerances and financial goals. It is advisable for members to explore the current web page for further details on specific investment options and associated features.