204-867-6350 info@minnedosacu.mb.ca

Investments

REGISTERED RETIREMENT SAVINGS PLAN (RRSP)

  • Deposits can be a variable rate savings plan or a fixed term from 1 to 5 years
  • Fixed rates are redeemable at maturity while withdrawals can be made at any time from variable rate deposits
  • Payments can be arranged to build your RRSP through automatic transfer from your account
  • RRSP transactions appear on your monthly statement
  • All deposits and withdrawals are subject to government regulations
  • LIRA’s are available

 

REGISTERED RETIREMENT INCOME FUND (RRIF)

  • Deposits can be a variable rate savings plan or a fixed term from 1 to 5 years
  • Fixed rates are redeemable at maturity while withdrawals can be made at any time from variable rate deposits
  • RRIF transactions appear on your monthly statement
  • All deposits and withdrawals are subject to government regulations
  • LIF’s are available

 

REGISTERED EDUCATION SAVINGS PLAN

  • Deposits can be a variable rate savings plan or a fixed term from 1-5 years.
  • Payments can be arranged to build your RESP through automatic transfers from your account.
  • All deposits and withdrawals are subject to government regulations.
  • Under the Canada Educations Savings Grant (CESG) Program, the government pays a grant of 20% on your first $2500.00 RESP contribution each year, up to age 17.

TAX FREE SAVINGS ACCOUNT

 

MUTUAL FUNDS WITH A DIFFERENCE

  • “Mutual funds are offered through Credential Asset Management Inc. unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other Government deposit insurer that insures deposits in Credit Unions. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.”
  • The Ethical Fund Company offers a full range of RRSP and RRIF products.
  • Credential Asset Management is the Credit Union owned mutual fund dealer. They give you the opportunity to purchase an excellent variety of registered or non-registered mutual fund products.

 

TERM DEPOSITS

  • Certificates may be purchased for 1 to 3 years
  • Rates are guaranteed for chosen term
  • Minimum deposit of $1,000 ($500 for under 18 and students with ¼% bonus interest paid)
  • Redeemable at any time, subject to interest penalty

 

GUARANTEED INVESTMENT CERTIFICATES (G.I.C.)

  • Certificates may be purchased for terms of 1 to 5 years
  • Non-redeemable prior to maturity
  • Interest paid annually on the anniversary date and at maturity if term is greater than one year
  • Higher yielding than term deposits

 

TARGET G.I.C.

  • You set the “TARGET” amount and make regular deposits until you reach your “TARGET”
  • Earn a high rate of interest while you save
  • Weekly, bi-weekly, semi monthly and monthly payments available
  • Certain restrictions apply, see staff for details

 

CASH ME? YOU CAN! G.I.C.

  • 5 year guaranteed investment certificate
  • Rates guaranteed for 5 years
  • Redeemable one week before and one week after anniversary date
  • Interest paid yearly on anniversary date