Investing

Investment options at MemberOne

We all like to see our investments grow. However, because of different life situations, we may each choose different paths to get to our end result. There may be individual emphasis on retirement savings, education savings, a mortgage, or acquiring mutual funds. Diversifying your portfolio effectively means finding the right mix of investments for your goals, your personal style, and your level of involvement.

MemberOne offers a range of guaranteed investment options, with various term lengths, and flexible options to ensure you get the right investment for your needs.

Term Deposits

  • Terms are issued from thirty days to five years in length
  • Deposits can be redeemable or non-redeemable
  • Interest is guaranteed for the life of the term
  • Interest is calculated daily and paid to the deposits annually at the anniversary date

RRSPs



MemberOne offers an RRSP savings account option with interest calculated daily on closing balance and paid semi-annually.  Deposits are fully redeemable or transferable at any time. 
MemberOne also offers six month to five year RRSP terms at a competitive investment rate.  Interest is compounded on each anniversary date.

Mutual Funds



Mutual Funds are available to MemberOne Credit Union members through our partnerships with Credential Asset Management Inc. 

RESPs



Your child's education may just be the best investment you can make for their future.

RRIFs

A registered retirement income fund (RRIF) is the natural extension of an RRSP.   Conversion to a retirement income option from a RRSP is mandatory in the year in which the owner turns 71. For members holding MemberOne RRSP term deposits, the deposits will be converted intact into their RRIF, with the same interest rate and maturity date.

While an RRSP exists for the purpose of accumulating tax-sheltered funds for retirement, an RRIF exists for the purpose of making payments to provide an income during retirement. It's your money; so it should be accessible. We make it easier to access your money when you want to. MemberOne offers very flexible payout options on RRIFs compared to traditional banks.

 

 

 

Disclaimer: Mutual funds are offered through Credential Asset Management Inc.
 

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