Types of RRSPs

Saving for retirement doesn’t have to be complicated. Use this overview to compare Registered Retirement Savings Plans (RRSPs) and choose the registered retirement savings plan options that fit your retirement planning goals. At Vancity, depositors are 100% protected by the Credit Union Deposit Insurance Corporation of British Columbia.

RRSP TypeOverviewKey Features

RRSP Jumpstart® High Interest Savings

With the RRSP Jumpstart High Interest Savings account, you can contribute any amount any time, earn a higher interest rate, and re-allocate any amount to another RRSP investment any time without penalty.

  • No minimum contribution required
  • Contribute now, earn a great interest rate, and decide how to invest later
  • Transfer any amount any time to purchase another RRSP product

RRSP mutual funds, stocks, and bonds*

Choose from a wide range of mutual funds, stocks, and bonds to diversify your RRSP portfolio and achieve your retirement goals.

  • Get expert advice from qualified investment professionals
  • Access RRSP-eligible mutual funds managed by IA Clarington, Mackenzie Financial, CI Funds, and Franklin Templeton
  • Access a wide range of stocks, bonds, and more through Credential Securities Inc.
  • Discretionary investment management for portfolios of $500,000+ through Vancity Investment Management

RRSP short term deposit

Invest your funds for less than a year, and still earn a guaranteed rate of interest.

  • A non-redeemable term with minimum investment starting at $500
  • Choose investment terms from 90 to 364 days
  • The longer you keep your funds on deposit, the higher the rate of interest you generally earn

RRSP long term deposit

Deposit $500 or more into a term of your choice and enjoy a competitive interest rate guaranteed for the full term of the investment.

  • A non-reedemable term with minimum investment starting at $500
  • Term options range from to 1 to 5 years
  • Competitive interest rates guaranteed for the full term
  • Interest is compounded annually
  • Choose socially responsible options that benefit local or global communities

RRSP escalating term deposit

This investment offers an interest rate that escalates, a giving you the opportunity to earn more while keeping your investment safe.

  • Minimum investments starts at $500
  • Investment options available for 3 and 5 year terms
  • Convertible at each anniversary with full interest

Shared World term deposit

Earn a guaranteed, competitive interest rate while helping to address poverty in developing regions around the world.

  • Available in a 1-year, fixed-term deposit
  • Minimum investment starts at just $100
  • Your deposit becomes the lending capital for microfinance loans

Enjoy the potential for higher returns based on stock market performance while protecting your principal investment.

  • 3 or 5-year terms available
  • Minimum investment of $1,000 required
  • Enjoy the potential for higher returns based on stock market performance

RRSP convertible term deposit

Need to meet your RRSP contribution deadline? Park your RRSP contribution in this term deposit, earn higher interest than a savings account, and decide how to invest it later.

  • Available in a 1-year term
  • Minimum investment starts at $500
  • Move your investment to another Vancity term deposit or investment product any time
  • Enjoy a guaranteed interest rate for the term

*Please read the Credential disclosure and mutual funds disclaimer.
* Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. 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 balances are not insured nor guaranteed, their values change frequently and past performance may not be repeated. Credential Securities is a registered mark owned by Aviso Wealth Inc.
** By the Credit Union Deposit Insurance Corporation of British Columbia
RRSP Jumpstart™ High Interest Savings Account is a trademark of Vancouver City Savings Credit Union