Solidarity Savings Program

Align your investments with your values

Solidarity Savings is a pooled high interest savings account program for labour unions. The program was created by Union Savings and Vancity Community Investment Bank (VCIB) and is the first of its kind in Canada. Unions can also make a difference by investing in issues important to their communities.

Labour unions get higher interest rates on their savings by pooling their savings

This means growing more funds for strike relief, campaigns and events.

How it works

The more unions that participate,

the greater the benefit.

1
Labour unions open a Solidarity Savings account with VCIB.

3
Labour unions have full daily access to their account

2
As the collective program balance increases, so does the collective interest rate*.

4.
Unions make a difference by investing in issues important to their communities.

Collective Interest Rates

With investments in the $9,999,999 to $20,000,000 collective balance tier, labour unions in the Solidarity Savings program are currently earning a 4.85% client return on their savings investment.

About Vancity Community Investment Bank (VCIB)

VCIB is a values-driven bank on a mission to finance a greater tomorrow. We are an Ontario-based schedule 1 federally chartered bank, and a subsidiary of Vancouver City Savings Credit Union (Vancity). We are the only Canadian bank exclusively focused on financing organizations that drive change and we use our clients’ deposits to fund loans that support transformational work in the community including affordable housing and clean energy projects.

*The VCIB Solidarity Savings program is not available in Quebec.