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REGISTERED ACCOUNTS

Setting money aside for the future is always a good plan. Being able to defer taxes or grow an investment tax-sheltered can go a long way to helping realize your dreams. If your financial strategy involves tucking your money away for the future while getting these perks, then a registered* account can be right up your alley.
Tax-Free Savings Account (TFSA)
With a Tax-Free Savings Account (TFSA), your investment benefits from tax-sheltered growth, which is not subject to taxation when withdrawn.

Available in:
  • Registered iSave High-Interest Accounts
  • Registered Term Deposits
  • Registered High 5 Term Deposits
  • Registered One Year Cashable Term Deposits
  • Registered Wealth Accumulators
Registered Retirement Savings Plan (RRSP)
Investing in a Registered Retirement Savings Plan (RRSP) gives you the opportunity to defer income taxes from a time of higher earnings to retirement years (when most people are typically in a lower tax bracket).

Available in:
  • Registered iSave High-Interest Accounts
  • Registered Term Deposits
  • Registered High 5 Term Deposits
  • Registered One Year Cashable Term Deposits
  • Registered Wealth Accumulators
Retirement Income Options (RRIF, LIF, PRIF)
Once you are enjoying your retirement years, it will be important to ensure your money keeps up with you. Selecting the right Retirement Income Option will provide you with a consistent, reliable source of income.

Available in:
  • Registered iSave High-Interest Accounts
  • Registered Term Deposits
  • Registered High 5 Term Deposits
Registered Education Savings Plan (RESP)
Planning to send your little ones off to post-secondary school at some point in the future? Another registered account type is the Registered Education Savings Plan (RESP). This is an investment that grows tax-deferred while reaping the benefits of government grants.*

(*if applicable)

Registered Disability Savings Plan (RDSP)
If you or a dependent are eligible for the government’s Disability Tax Credit, you may be interested in what a Registered Disability Savings Plan (RDSP) can offer. An RDSP is a savings plan intended to help save for their long-term financial security.

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Registered iSave High-Interest Account

Available in RRSP, TFSA, RIF, LIF, PRIF, and LIRA

With tiered interest that is calculated daily and paid monthly, the flexible iSave account allows you to make regular deposits and plan for your goals while enjoying the benefits of tax-deferred growth. With no minimum deposit required, this high-interest account also offers:
    • unlimited deposits
    • 1 free withdrawal per month
    • $5 per additional transaction
    • free e-Statements (paper statements available for $2.50 per month)


Registered Term Deposit

Available in RRSP, TFSA, RIF, LIF, PRIF, and LIRA

Do you have your sights on the future with majestic plans? Making sure you have the money in place to do what you want is a key part of your financial plan. A guaranteed rate of return with tax-deferred growth is offered with our Term Deposits. You choose the length of term that fits your plans, then sit back and watch it grow.
    • $500 is the minimum to invest
    • terms with 12 to 71 month options
    • redeemable at term maturity only


​Registered High 5 Term Deposit Account

Available in RRSP, TFSA, RIF, LIF, PRIF, and LIRA

You are the kind of person that feels best when you can access your investment each year while reaping the benefit of guaranteed rates. This way, if rates go up, you can re-invest, or if something comes up, you have access to a portion of your money. If this is checking the boxes for you, then the RRSP High 5 Term Deposit could be just what you are looking for. This investment benefits you by:

• Laddering your investment. This means that your investment is divided by 5, each with a different maturity date from 1-5 years.
    • Example: If you invested $5,000, your investment would look like this:
      • $1,000 invested at 1 year rate, redeemable in 1 year
      • $1,000 invested at 2 year rate, redeemable in 2 years
      • $1,000 invested at 3 year rate, redeemable in 3 years
      • $1,000 invested at 4 year rate, redeemable in 4 years
      • $1,000 invested at 5 year rate, redeemable in 5 years
• Flexibility by allowing access to 20% of your investment each year.


Registered One Year Cashable Term Deposit Account

Available in RRSP, TFSA, and LIRA

Flexibility to park your money while you are planning and still earning a nice, guaranteed rate of return is where it’s at with the One Year Cashable Term Deposit. Additional features include:
    • $500 is the minimum to invest
    • 12 month term
    • redeemable at any time
    • interest is paid at maturity or when redeemed after 30 days


Registered Wealth Accumulator Account

Available in RRSP and TFSA

All it takes is the first step. Getting started with paying yourself first is simple with our RRSP or TFSA Wealth Accumulator. All you need is $25 and our Wealth Accumulator account to get started. From there, you choose:
    • a savings goal
    • an investment schedule (weekly, biweekly, monthly, semi-monthly, etc.)
    • when you want to make your payments
    • the amount of your payment
    • length of the term (12-71 months)
We’ll take it from there. With your regular payments automatically debited from your personal account pack, you'll see your investment grow. Great news! If you find a few extra dollars, you can reach your savings goal even faster by making additional deposits.
*Registered products (TFSAs, RRSPs, RIFs, LIFs and PRIFS) do not participate in our ProfitShares program due to regulations. Instead, more favourable rates are offered.
**Deposits are fully guaranteed by Credit Union Deposit Guarantee Corporation. For more information, visit www.cudgc.sk.ca. Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.
Buying your first home?
If you are a first-time home-buyer and wish to use your RRSP funds to help with the purchase, you may be able to through the Government of Canada’s Home Buyers’ Plan.
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