|Fixed Rate Term Deposit||30 days to 5 years||Minimum investment $1,000|
Term Deposits are the simplest and safest way to get your money moving forward. OCCU offers different GIC options depending on your current goals.
|Junior Term Deposit||Under 18 of age||Minimum investment $100|
|Target Term Deposit||Set your target and save||Set Minimum of $500|
|RRSP's||Fixed & Variable Rates||Invest throughout the year|
A Registered Retirement Savings Plan (RRSP) is a government approved investment option that can be used for tax planning and sheltering interest earned.
|RRIF's||Fixed & Variable Rates||(required at age 71)|
A Registered Retirement Income Fund (RRIF) is a tax-sheltered plan to protect your RRSP earnings.
|RESP's||Fixed & Variable Rates||Government approved education plans|
A Registered Education Savings Plan (RESP) is a government approved plan for the purpose of providing post-secondary education funding for a beneficiary.
|TFSA's||Fixed & Variable Rates||See us for details|
TFSA’s are the latest investment opportunity offered through the Federal Government of Canada. TFSA’s allow you to save tax free. OCCU is pleased to offer TFSA's with two separate investment options.
Important information on "Deposit Insurance" provided by DICO:
Deposit Insurance Corporation of Ontario (DICO): at Oshawa Community Credit Union, eligible deposits in RRSPs, RRIFs, RESPs, and TFSAs registered savings plans are fully insured. Other Canadian dollar deposits insured up to $100,000.
For further information on deposit insurance, please ask for a brochure at the credit union or call DICO at 1-800-268-6653 or log on to the website at www.dico.com