RRSPs | RRIFs

Registered Retirement Savings Plan (RRSP)

Whether you have a company pension or not, you may also want to invest in an RRSP. This government-approved plan can help you defer taxes during your peak earning years while providing a source of income in retirement. Macleod Savings & Credit Union Ltd. offers RRSPs with the following options:

• terms from 30 days to 5 years
• fixed and variable rates (see current rates)
• fully transferable
• 100% guarantee on all deposits and accrued interest
• Equity-linked options (seasonal)
• $25.00 transfer out fee
• common share RRSPs up to a maximum of $9,000.00 (not guaranteed)

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Registered Retirement Income Fund (RRIF)

Plan ahead for retirement by transferring your RRSP funds to a RRIF by December 31 of the year in which you turn 71. This fund provides a guaranteed secure source of income during your retirement years. Our RRIFs also have many flexible options including:

• flexible payment options - you decide the amount, timing and frequency of the payments you receive
• fixed or variable interest rates
• fully transferable investment
• 100% guarantee on all deposits and accrued interest
• $25.00 transfer out fee

RRIF investments are managed by Concentra Financial.

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