Portage Credit Union

RRSP Options

Couple

RRSP Daily Interest Savings Plan

Our Daily Interest Savings plan gives you great return plus interest is calculated on the closing balance and paid monthly. There are no restrictions or penalties for withdrawal, giving you the flexibility of instant liquidity or instant lock-in options.

Since the interest calculated on the closing daily balance and credited on the last day of each month the compounding of interest further increases return on this investment.
There are no minimum deposit requirements

Lady

RRSP Fixed Term Plans

A Fixed-Rate RRSP will provide the security of knowing your rate of return on your RRSP is guaranteed for the length of time that you choose, ranging anywhere from 12 to 60 months. A $500.00 minimum deposit is required to start this type of plan. Refer to our Interest Rates page for details.

The interest rate in effect on the deposit date is guaranteed for the term of the investment
Interest is paid and compounded semi-annually on the anniversary date

Automatic Deposit Plans

Help maximize your yearly RRSP deposits by contributing monthly. Monthly Deposits with automatic transfers from your Portage Credit Union account are an easy way of contributing directly to your retirement income.

Deposits you make now and throughout the year will earn completely tax-sheltered interest from the date they are made.
We will do all of the work by automatically deducting funds from any one of your Portage Credit Union accounts and depositing them to your RRSP at no charge.
With the automatic deposit plan you can choose from our Daily Interest Savings Plan or any of our Fixed Rate terms.

Your RRSP is an excellent investment. The fact that your RRSP is a savings plan while acting as a tax shelter makes it one of the most advantageous investments you can make. It's important to remember to contribute early, contribute annually, and contribute the maximum, so that you can enjoy the quality of retirement lifestyle you deserve!

As with all of Portage Credit Union's deposits, RRSPs are guaranteed by the Credit Union Deposit Guarantee Corporation.

Portage Credit Union Making a Difference… in Your Retirement