Personal | Investing & Term Deposits
Investments
We offer a range of products that provide convenience, security and high rates of return. We back those products with personalized, accurate and confidential service.
Redeemable Term Deposits
- Fully redeemable after the initial 60 days of investment.
- Minimum $500 investment.
- Terms range from 30 days to one year.
Non-Redeemable Term Deposits
- Minimum $500 investment.
- Terms range from 30 days to five years.
- 20% withdrawal option annually after the initial 90 days of your investment.
Variable Rate RRSP
- Always in line with current economic conditions.
- Investment is not locked in.
- No minimum balance requirements.
Fixed Rate RRSP
- Guaranteed rate for the term you specify.
- Minimum $500 investment.
- Terms range from 30 days to five years.
- 20% withdrawal option annually after the initial 90 days of your investment.
Automatic Transfer
- Transfer automatically to your savings account or variable RRSP.
- Numerous transfer options available to meet your needs.
Mutual Funds*
Building a diversified portfolio and hiring full-time investment managers is beyond the means of most Canadians. Many people have turned to mutual funds. The benefits of diversification and professional management are combined, yet the initial investment can be as little as $500.
Registered Retirement Income Funds (RRIF’s)
By December 31 in the year you turn 69; you must convert your retirement savings to a Retirement Income Option. You want to be sure you make the right decisions.
Most people decide that a Registered Retirement Income Fund (RRIF) meets their needs. A RRIF provides you with maximum control over investment of your funds and the most flexibility to adjust the amount of payments you will receive.
*Mutual funds are offered through Credential Asset Management Inc., a wholly-owned subsidiary of Credit Union Central of Canada. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash deposits are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer which insures deposits in credit unions. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
