Park'n'PlanWright your RRSP!
Why buy an RRSP?
- You can invest now, while you are still earning;
- Saving now will give you more choices when you retire;
- Your contributions, up to your personal limit, are tax deductible;
- The interest or rate of return you earn in your plan is tax sheltered.
Why buy a Credit Union RRSP?
- Your deposits are 100% guaranteed.
- Our experts can help you choose the best plan for your needs.
Don’t have the funds right now to take advantage of contribution room?
Ask us about the following 2 options!
- OPTION 1: If you have not taken advantage of your contribution room for some time and want to take advantage now, choose an RRSP top-up loan (for larger amounts). Apply online!
- OPTION 2: If you regularly contribute and just need enough for your annual contribution, ask about our RRSP Line of Credit (which can be paid back annually). Apply online!
We offer different RRSP products
Variable rate Reedemable RRSP
(the perfect spot to PARK your contribution)
- Deposit $50 minimum to start;
- Interest is calculated on minimum daily balance, and paid annually on October 31;
- The ideal plan for monthly automatic contributions;
- Redeem or roll over to a fixed rate plan at any time without penalty;
- View our current rate
Prime-based 1-year Floating RRSP
- Deposit $500 minimum;
- Interest fluctuates with credit union prime;
- Interest is calculated daily and paid annually;
- Redeemable any time after 30 days without penalty;
- View our current rate
The Flex-Step 3
- Deposit $1,000 minimum;
- Can be redeemed on the anniversary date with no penalty;
- Interest rate increases with each year;
- View our current rate
*The Flex-Step 3 will auto
renew to the 1 year non-redeemable product.
5-year Monthly Contribution RRSP
- Deposit minimum $100 to start;
- minimum $100 monthly;
- Interest rate is fixed, and you get the 5-year rate from day 1;
- Non-redeemable;
- Interest accrues on minimum daily balance and paid annually to the RRSP;
- View our current rate
The Max-Miser 5
- Deposit $1,000 minimum;
- Can be redeemed on the anniversary date with no penalty;
- Interest rate increases with each year;
* The Max-Miser 5 will auto renew to the 1 year non-redeemable product.
- Non-redeemable 1- 5 year
- Fixed Rate Deposits
- Deposit $500 minimum;
- View our current rate
*Rates may change at any time