PayDay Plan RRSP

Act Now!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.

The PayDay Plan RRSP helps you save for retirement every month - and it rewards you with a higher interest rate for doing so! Saving doesn't have to be painful - the PayDay Plan RRSP is easy, convenient and rewarding.

RRSP 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

RRSP terms and conditions

Speak to a Westminster Savings representative for full terms and conditions.

RRSP Tips:

  • Try to maximize your RRSP contributions when your income is highest: this can generate a larger income tax refund or reduce the amount of taxes you owe. Consider an RRSP loan to help maximize your contributions.
  • Automatically renew your term deposit to enjoy the power of compounding interest, or transfer to an RRSP savings account to keep your options open.
  • Maximize all of your savings and investments: speak to a Westminster Savings representative to create a full savings and investment strategy.