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Investments

Term Deposits

Northridge Savings’ Term Deposits guarantee your interest rate and your principal is safe and secure. Our range of terms fit your individual investment needs:
  • 30 days to 5 years at competitive rates
  • Short-term deposits from 30 days to 1 year
  • Long-term deposits from 1 year to 5 years
  • Minimum deposit is $500
  • Rate Builder - 3 year investment with increasing rates
Index-Linked Term Deposits
  • A safe way to play the Canadian stock market.
  • Earn a return based on the performance of the TSE 35 Index.
  • 3 and 5 year term deposits
  • Principal guaranteed
  • Not redeemable prior to maturity

Click here to discover some keys to successful investing. « Back

Registered Retirement Savings Plan

Take advantage of the tax savings you’ll receive from an RRSP, plus the security of knowing your retirement is well planned.

Northridge Savings offers diverse investment options to get the most from your retirement income and a low interest rate Line of Credit to maximize your unused RRSP contribution.

Variable Rate Plans

To ensure your investments keep pace with current interest rate trends, we review and adjust interest rates interest rates regularly to give you the most competitive rate on your investment.

Fixed Rate Plans

Fixed rate plans give you the confidence of knowing the rate of return on your retirement savings is guaranteed for a fixed period of time:
  • Short-term Fixed Rate Plans from 30 days to 364 days
  • Long-term Fixed Rate Plans from 1 to 5 year terms

Monthly Deposits

Maximize the interest you earn on your RRSP by contributing on a monthly basis:
  • the additional compounding of interest has a dramatic effect on investments
  • automatic transfers from your account offer a painless way to invest

Retirement Planner – Saving for the future. Click here to find out your savings plan.
Click here for 5 tips for investing in RRSPs.

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RRIF

Let us help you find the best way to handle your retirement finances.

We can help you convert your RRSP savings into income to use during retirement. Before the end of the calendar year you turn 69, you must choose one or more of the following three options available under the Income Tax Act:
  • Registered Retirement Income Fund (RRIF)
  • Term Certain Annuity to Age 90 (TCA 90)
  • Life Annuity
The most popular retirement income option is a RRIF. A RRIF can be invested just like an RRSP and continues to earn tax deferred interest on the balance, even while you are regularly withdrawing funds from the principle amount.

Based on a minimum requirement, you choose the amount you want to withdraw each year. Withdrawals are then taxed as income, but do qualify for the pension income tax credit.

We’ll help you find the amount that works best for you.

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Mutual Funds

Northridge Savings is committed to providing members with investment options suited to their individual needs. Today, more and more people are turning to mutual funds as a way to save for a secure financial future.

Build your investment portfolio with top quality funds available through Credential Asset Management.

Credential® Asset Management Inc. is a mutual fund dealer offering Northridge Savings’ members a full selection of mutual funds.

As part of Credential Financial Inc., the national wealth management provider founded by the Canadian credit union system, Credential® Asset Management has relationships with over 380 credit unions throughout Canada, and more than 2,700 representatives.

Start investing in your future today by simply contacting Northridge Savings & Credit Union at (705) 566-2931 or e-mail Pat Brady at pbrady@northridgesavings.com. Or visit the website at www.credential.com

Mutual Funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured nor guaranteed, their values change frequently, and past performance may not be repeated. ®Credential is a registered mark owned by Credential Financial Inc. and is used under licence.



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RESP

Financing your child’s post–secondary education is an expensive proposition. Start investing in an RESP today to prepare for your child's tomorrow. The Registered Education Savings Plan (RESP) will help you save for your child’s post-secondary education through:
  • Tax-deferred earnings until the savings are used
  • Security from market fluctuation through guaranteed rates
  • A flexible contribution schedule (weekly, bi-weekly, monthly)
  • Eligibility for the Canada Education Savings Grant (CESG)
Under the Canada Education Savings Grant (CESG) program the federal government contributes 20% of the first $2,000 contributed each year (some restrictions apply). If you take full advantage of the program each year you could be eligible for the maximum grant value of $7,200.

Education Savings – Looking at saving for a child’s education. Click here to help with your goals.

Click here to find 10 facts about Registered Education Plans

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Planning Services

Online Brokerage

At Northridge Savings, we pride ourselves on offering the best line of financial products and services. That’s why we have partnered with Qtrade Investor to bring you online investing at its best. Qtrade Investor offers:
  • Quick and easy access to investing resources including free real-time quotes, advanced charting, news, research and more
  • Access investment choices, including stocks, bonds, mutual funds, options and money market instruments at competitive prices, all delivered with superior customer service when you open a cash, margin, RSP or RIF account
  • Easy fund transfers between your trading account and your Northridge Savings chequing account
All this plus online equity trades starting at $27!

To learn more or to open an account, click on the Qtrade Investor logo below.

Life Events Planner

Find answers to your financial questions and the tools you need to achieve your financial goals and life’s dreams with our Life Events Planner Tool.
  • Home, auto, family leisure and retirement calculators
  • Financial planner to help answer those questions about the future


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