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 Type | Overview | Key Features |
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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. |
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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. |
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RRSP short term deposit |
Invest your funds for less than a year, and still earn a guaranteed rate of interest. |
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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. |
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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. |
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Shared World term deposit |
Earn a guaranteed, competitive interest rate while helping to address poverty in developing regions around the world. |
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Enjoy the potential for higher returns based on stock market performance while protecting your principal investment. |
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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. |
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*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