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.
Deposits held in registered savings plans are separately insured from the deposits held in other accounts. All deposits made to RSP plans are fully insured through the Deposit Insurance Corporation of Ontario with no limit on the maximum amount.
Effective March 2, 2010
| 60 - 89 days | 0.50% |
| 90 - 179 days | 0.60% |
| 180 - 364 days | 0.70% |
| 12 - 18 months | 1.20% |
| 18 - 24 months | 1.35% |
| 2 to less than 3 years | 1.60% |
| 3 to less than 4 years | 2.40% |
| 4 to less than 5 years | 2.70% |
| 5 to less than 7 years | 3.05% |
| 7 years | 3.40% |
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. |
SAVINGS ACCOUNT