RRSPs (1)

When planning for your retirement, start with a Registered Retirement Savings Plan (RRSP) to maximize your retirement savings. These plans provide you with immediate reductions in taxable income as well as accelerated tax-sheltered growth over the life of the plan. Terms range from 60 days to 7 years. Our variable rate plan offers great flexibility and calculates your interest daily, while the fixed rate plan compounds interest annually with a more competitive rate. Your RRSPs can also be used as a down payment for first-time homebuyers, or to fund education costs. Funds must be returned to the RRSP according to the rules established under the respective plan. During January and February we offer instant tax receipts for your convenience.

All deposits are insured for up to $100,000 per plan through the Deposit Insurance Corporation of Ontario.

Effective May 3, 2008

60 - 89 days2.15%
90 - 179 days2.25%
180 - 364 days2.35%
12 - 18 months3.20%
18 - 24 months3.25%
2 to less than 3 years3.40%
3 to less than 4 years3.50%
4 to less than 5 years3.70%
5 to less than 7 years3.80%
7 years3.80%

Mutual Funds are offered through Qtrade Asset Management Inc., member MFDA

All interest rates subject to change without notice.

(1) Minimum interest paid per payment period - 75¢. All rates stated are per annum. All CDN$ term deposits, RRSPs, RRIFs, RESPs, and LRIFs have a $500 minimum. On non-redeemable term deposits, interest is paid or compounded annually.

maximize your retirement savings