Invest
Registered Retirement Savings Plan (RRSP)
Saving for retirement has never been easier
Whether retirement is years away or just around the corner, you can start saving today. We’re proud to offer you a variety of options for your RRSP, ensuring that you’ll find one that fits your needs now while helping secure your financial future.
Easy Start
This non-redeemable, registered option allows you to start saving today with just $5.00 up front.1
What you need to know
Minimum required investment of $500 must be reached within one year
Access to funds at maturity only
Interest is compounded annually and is paid in full at maturity
Automatic reinvestment at current rate2
Earn tax sheltered compound interest at a guaranteed rate
Flexibility to make scheduled periodic deposits to meet the required investment amount3
Fully guaranteed by Credit Union Deposit Guarantee Corporation4
Rates
Variable Rate → 3.60%
Fees
Transfer out: $100
Duplicate official receipt: $15
Refund of excess contributions: $25
Inactive account fee: $25
Non-redeemable
This non-redeemable, registered RRSP is offered to members on one to five-year terms.5
What you need to know
Minimum investment $1,000
Access to funds at maturity only
Interest is compounded annually and is paid in full at maturity (or upon redemption)
Minimum quarterly statements
Automatic reinvestment at current rate2
Potential to earn a higher interest rate than a savings account
Generally, longer term lengths earn a higher rate of interest
Fully guaranteed by Credit Union Deposit Guarantee Corporation4
Rates
1 year → 3.85%
2 years → 3.95%
3 years → 3.95%
4 years → 4.15%
5 years → 4.25%
Fees
Transfer out: $100
Duplicate official receipt: $15
Refund of excess contributions: $25
Inactive account fee: $25
Redeemable
This redeemable, registered RRSP is offered to members on a one-year term with a minimum investment of $1,000.
What you need to know
Access to funds anytime on or after 90 days
Interest paid at maturity (or upon redemption)
Minimum quarterly statements. Automatic reinvestment at current rate2
Provides the option of cashability prior to maturity
Potential to earn a higher interest rate than a savings account
Fully guaranteed by Credit Union Deposit Guarantee Corporation4
Rates
1 year → 3.60%
Fees
Transfer out: $100
Duplicate official receipt: $15
Refund of excess contributions: $25
Inactive account fee: $25
Savings
A retirement fund registered with the Government of Canada that provides income during your retirement. Funds are transferred into a RRIF from an RRSP, RPP or from another RRIF.
This redeemable, registered RRSP is perfect for those who need to save as much as they can in a shorter amount of time. With no minimum investment required you can watch your money grow.
What you need to know
Access to funds full or partially cashable at any time7
Interest is calculated on the daily closing balance8 and is paid semi-annually on June 30 and December 31 to the investment
Earn tax sheltered interest
Fully guaranteed by Credit Union Deposit Guarantee Corporation4
Rates
Variable Rate → 1.50%
Fees
Transfer out: $100
Duplicate official receipt: $15
Refund of excess contributions: $25
Inactive account fee: $25
If such action is required, interest paid on the deposit shall be reduced to 50% of the interest earned to the date of cancellation.
Unless other instructions provided prior to maturity.
The scheduled periodic transfer amount may be changed (subject to minimum required investment restrictions).
3-year convertible feature is available at time of purchase. If converted, value of initial deposit must be matched or increased and must be reinvested to, at the minimum, satisfy the remainder of the 3-year term.
The investment may be opened prior to deposit of funds.
Withdrawals are subject to legislated withholding tax requirements and any locked-in restrictions.
Interest on the variable RRSP is based on a floating rate.