RRSP & RRIFs

There's a lot to know and we're here to help

A Registered Retirement Savings Plan (RRSP) is a government-approved plan through which you save money for your retirement years. Your contributions, within limits, are tax deductible and income earned is tax sheltered. You can hold RRSPs until the end of the calendar year in which you turn 71, when you must make a retirement income option decision for your retirement savings.

There's a lot more to know about RRSPs. Tandia has a booklet available written in everyday language in response to the need expressed by members for clear and understandable information on RRSPs and your retirement income options. To obtain your free copy of Retirement Income - Knowing Your Retirement Income Options, contact us or visit your branch.

Tandia has a number of investment options available to be held within an RRSP.

Current Rates

RRSP TERM DEPOSITS - 1 TO 5 YEAR

SHORT TERM RRSP TERM DEPOSITS

RRSP TIERED SAVINGS ACCOUNT

INDEX LINKED RRSPS

PAY DAY RRSPS

STEP RRSPS

RRSP Term Deposits - 1 to 5 Year

Minimum $500, non-redeemable
A safe and important component of any investment portfolio
Interest compounds on each anniversary date and notices are provided prior to maturity

Current Rates

Short Term RRSP Term Deposits

3, 6 and 9 month terms, minimum $1,000, non-redeemable
A good 'holding' vehicle for your investment while you wait to see if rates improve or to assist in timing deposit maturity dates to better meet your needs

Current Rates

RRSP Tiered Savings Account

A registered savings plan account with no minimum deposit
Tiered interest - the higher your balance, the higher your interest
A great account to accumulate funds in through payroll deductions or automatic transfers
Funds may be withdrawn/transferred at any time (subject to applicable withholding taxes)

Current Rates

RRSP Tiered Savings Account

A registered savings plan account with no minimum deposit
Tiered interest - the higher your balance, the higher your interest
A great account to accumulate funds in through payroll deductions or automatic transfers
Funds may be withdrawn/transferred at any time (subject to applicable withholding taxes)

Learn more

Current Rates

Pay Day RRSPs

Minimum $1,000 commitment (savings goal)
You can take as long as a 12 month period to accumulate your goal
Funding of the RRSP account is paid by payroll deduction or automatic transfer from an account
1 year termInterest is calculated on the daily balance and paid at maturity

Current Rates

Step RRSPs

A Step Term Deposit is an excellent investment alternative in times of low interest rates, as you are assured that each year your interest will increase. As with all our term deposits, the principal and return is guaranteed and it qualifies for deposit insurance protection.

Current Rates

Financial Services Regulatory Authority of Ontario’s (FSRA) deposit insurance program protects insurable deposits held with Ontario credit unions and caisses populaires. Learn more

Registered Retirement Income Fund (RRIF)

Registered Retirement Income Funds (RRIFs) are a popular form of retirement income. While you do not contribute directly to a RRIF, funds can be transferred from a RRSP, another RRIF, a Registered Pension Plan, or a commuted RRSP annuity. At age 71, all RRSP investments must be converted to a RRIF or annuity, or cashed.

RRIFs are similar to a RRSP with the exception that you must take some taxable payments from your RRIF on an annual basis. You choose the payment level as long as it meets the minimum levels set out by the government.

Tandia has a number of investment options available to be held within a RRIF.

Current Rates

RRIF INVESTMENTS - 1 TO 5 YEAR

STEP RRIFS

SHORT TERM RRIF INVESTMENTS

TIERED VARIABLE RRIF ACCOUNT

RRIF Investments - 1 to 5 Year

Minimum $500, non-redeemable
A safe and important component of any investment portfolio
Interest compounds on each anniversary date and notices are provided prior to maturity

Current Rates

Step RRIFs

Current Rates

Short Term RRIF Investments

3, 6 and 9 month terms, minimum $1,000, non-redeemable
A good 'holding' vehicle for your investment while you wait to see if rates improve or to assist in timing investment maturity dates to better meet your needs

Current Rates

Tiered Variable RRIF Account

No minimum deposit
Tiered interest - the higher your balance, the higher your interest
Funds may be withdrawn/transferred at any time (subject to applicable withholding taxes)

Current Rates

Financial Services Regulatory Authority of Ontario’s (FSRA) deposit insurance program protects insurable deposits held with Ontario credit unions and caisses populaires. Learn more

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