Variable Rate Deposits
This is the perfect investment option for members wanting to make regular automatic deposits to a registered product or want more flexibility with their investment.
- Operates like a savings account within your registered plan.
- Interest rate fluctuates. It is calculated daily and is compounded twice a year.
- Funds may be withdrawn in branch at any time.*
- Automatic contributions can be made weekly, biweekly, semi-monthly or monthly.
- Online and mobile viewing capabilities as well as the ability to contribute online.**
- Withdrawals made lead to tax implications and affect contribution limits*
- Online contribution only allowed for Variable Rate Deposits within an RRSP or TFSA**
- Your deposits are fully guaranteed by Credit Union Deposit Guarantee Corporation
- Minimum $50 balance must be maintained