RRSP – Savings Account
Enjoy a rate of 4.50% until March 13, 2025.
- Regular rate of 1.00% + bonus of 3.50% on new deposits1
- Account type: registered savings account
- Fees: none
- Deposit insurance: up to $100,000 per person per caisse
- Savings are not taxed
Features
This savings account, designed specifically for RRSPs, lets you put money aside for short- and medium-term projects. It gives you security and flexibility to build up savings and access your funds.
To open a RRSP - Savings Account, you must first register for a Registered retirement savings plan (RRSP) issued and administered by Desjardins Trust. You also need a Desjardins everyday account.
Transactions
Deposits, withdrawals, transfers permitted at all times. However, you'll have to pay taxes on your withdrawals and you'll lose contribution room. Withdrawals can reduce government benefits and credits that are based on income.
Overcontributions are subject to a tax of 1% per month.
Automatic transfers Plan
Make automatic transfers into your account. You decide how much and how often (minimum of $25 per transfer).
Interest
Paid monthly and non-taxable.
See current rates
Account statement
Monthly statement of account included in the everyday account statement you receive by mail or online.
Learn more about account statements.
Other
Eligible for potential member dividends.
Learn more about member dividends.
The rates are subject to change without notice.
1. Bonus terms and conditions (“Bonus”)
- A Bonus is offered by Desjardins to members of a Desjardins caisse in Quebec and of Desjardins Ontario Credit Union in Ontario.
- A Bonus is offered from January 9 to March 13, 2025 (“Bonus Period”).
- Desjardins may modify at any time a Bonus during the Bonus Period and change the terms and conditions. Desjardins may terminate the Bonus Period at any time.
- A Bonus applies to eligible deposits made during the Bonus Period to the following type of accounts:
- Savings Account
- TFSA – Savings Account
- RRSP – Savings Account
- FHSA – Savings Account
- The Bonus is added to the current interest rate posted on each eligible account. The rate is fixed annually and interest is calculated daily. Interest is paid out at the end of every month. The Bonus is paid out, once per type of account, into the eligible account at the end of each month and on the day after the promotion ends.
- Eligible deposits must meet all the terms and conditions specified below:
- Must be made to an eligible account during the Bonus Period.
- The total eligible deposits cannot exceed a million dollars ($1,000,000.00).
- For deposits made to an eligible account that is already active during the Bonus Period, the balance as at January 9, 2025, at 12:00 a.m. will be used to calculate the Bonus. Any amount exceeding the balance at this time will be considered an eligible deposit, subject to the conditions set out herein.
- For deposits made to an eligible account opened during the Bonus Period, the balance used to calculate the Bonus is set at zero (0). Any amount exceeding the initial balance is considered an eligible deposit, subject to the conditions set out herein.
- Cannot come from another account in the same category. Account transfers made from an account from the same category are not considered eligible deposits.
- The Bonus cannot be combined with any other promotion or bonus rate.
- In the event of a discrepancy between these conditions and the content of any document, brochure or promotional material about the Bonus, the conditions herein shall prevail.
- Desjardins reserves the right, at its sole discretion, to suspend, disqualify, limit or revoke an account holder's eligibility for the Bonus at any time if it believes that the account holder manipulated or abused the integrity of the process to receive a Bonus.
All deposits made to a TFSA – Savings Account are subject to the contribution limits set by the Canada Revenue Agency (CRA). Members are fully responsible for ensuring that they respect their contribution limits.