One Year Cashable Term Deposit RRSP

A tax-sheltered investment which holds registered funds at a guaranteed rate for a certain length of time. The investment is flexible and can be redeemed at any time, if needed.

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.

Flexible: Expand/Collapse

"You have access to your investment at any time."
- Redeemable at any time.
- Interest paid at maturity or when redeemed after 30 days.

Peace of mind: Expand/Collapse

"When you retire, you will have money available to meet your lifestyle."
- The investment and earned interest are tax sheltered until you withdraw them.

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

Growth: Expand/Collapse

"You can start your investment with a small amount."
- Minimum amount of $500.

"Your rate of return is guaranteed."
- Guaranteed rates until maturity.

"You know what your growth will be, if your fund is held until it matures."
- Competitive rates.

Additional Information:

- Withholding tax is applicable on cash withdrawals.
- 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?

Any member who is looking for possible tax savings and has a minimum of $500 to invest for one year, but who wants the flexibility to access their funds.

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