PayDay Plan RRSP

PayDay Plan RRSP

The PayDay Plan RRSP helps you save for retirement every month - and it rewards you with a higher interest rate for doing so! The PayDay Plan RRSP is easy, convenient and rewarding.

Apply online

visit a branch near you or call 604-517-0100 to set up an RRSP today.

This term deposit is a savings plan that enables you to build up your RRSP investments on a monthly basis. Once you have reached a savings goal of $1,000, the funds may be reinvested in non-redeemable term deposit or mutual fund.

Features

  • Available in 6, 12, 18 and 24 month terms
  • Begin with as little as $1.00 and automatically contribute as low as $50.00 a month
  • Make additional contributions at any time
  • Earn a higher interest rate than a variable RRSP savings account
  • Interest compounds annually - earn interest on your interest
  • Reinvest in a non-redeemable RRSP term deposit or mutual fund when the balance reaches $1,000.00

Apply for or contribute to an RRSP

Don't have a Westminster Savings RRSP?
Apply online, on the phone at 604-517-0100 or at your nearest branch.

Contribute to a Westminster Savings RRSP
If you already have a WSCU RRSP you can contribute to it in Online Banking, on the phone at 604-517-0100 or at your nearest branch.