RRSP High 5 Term Deposit Option

A tax-sheltered investment amount* which is split or divided equally into five terms with maturity dates from one to five years.

Cost Savings: Expand/Collapse

"You may receive a tax refund when contributing to an RRSP."
- New RRSP contributions are eligible for tax deductions, up to your deduction limit (found on your Notice of Assessment available from the Canada Revenue Agency).

"You will benefit from earned interest, which won't be taxed."
- Plans are registered with the Government of Canada and earnings are not taxed until the funds are withdrawn from the plan.

Peace of mind: Expand/Collapse

"You are able to reduce interest rate concerns by laddering maturity dates."
- One to five year terms.

"You can rest assured knowing your money is safe."
- Deposits fully guaranteed by Credit Union Deposit Guarantee Corporation.

Flexible: Expand/Collapse

"You have access to a portion of your funds, annually."
- One fifth of your investment matures annually.

"You know what your growth will be."
- Competitive, premium rates.
- Interest compounded annually.

"Your rate of return is guaranteed."
- Guaranteed rates the fund matures.

Additional Information:

* Minimum investment of $5,000.
- The RRSP must be converted into a Registered Retirement Income Fund (RRIF) at age 71.
- View RRSP rates.

Who might benefit from this product/service?

Anyone with a minimum of $5,000 who wants to invest in registered long-term investments, while maintaining some flexibility.

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