RRSP – Savings Account
- Regular rate of 1.15%
- 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.