With our Risk-Free RSP, you’re guaranteed a 3.00% interest rate if you lock in for the full 5 years. However, this isn’t like any other locked-term investment products; if you need access to your money for any reason, you can withdraw it anytime at a rate of 1.75% instead.*
Want an even higher rate? Ask one of our representatives about our MOR Program.
Over the 5 years, your contributions will earn you more money on your balance as interest builds up.
Contributions are tax-deductible, meaning they can be used to reduce the amount you owe on your taxes.
Any interest earned on your RSP is generally exempt from tax as long as your earnings stay within the plan.
Looking to transfer funds from another financial institution? Ask one of our Member Relations staff how you can save on transfer-in fees.
The Financial Services Regulatory Authority of Ontario (FSRA) provides unlimited deposit insurance protection for deposits held in registered savings plans!
*Deposit is for a 5-year term. Interest is paid at a rate of 3.00% annually, and either compounded or paid to the depositor each year, as the depositor elects.
Redemption of the deposit prior to the expiry of its term is permitted, but will reduce the rate paid to 1.75% annually from the date of the deposit until the date of redemption.