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:
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:
Monthly Deposits Maximize the interest you earn on your RRSP by contributing on a monthly basis:
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 71, you must choose one or more of the following three options available under the Income Tax Act:
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.
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.
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 covered by the Canada Deposit Insurance Corporation or any other government deposit insurer that insures deposits in credit unions. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Mutual Funds are not guaranteed, their value change frequently, and past performance may not be repeated.
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:
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.
Planning Services
Qtrade Investor Online Brokerage We are pleased to partner with Qtrade Investor - Canada’s leading independent online brokerage. Whether you currently use an online broker or are interested in doing so, Qtrade Investor is our online brokerage of choice. Qtrade Investor offers you, among other things:
Qtrade Investor is a division of Qtrade Securities Inc., member IIROC and CIPF. 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.
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