Your Credit Union offers competitive interest rates with no administration fees. There are no charges, commissions or deductions of any kind. Members receive statements annually.
RRSPs are a federal government approved means of saving for retirement by making contributions of specific amounts which are tax deductible and the income is tax sheltered. Amounts that are withdrawn are taxable. There is no maximum amount a member can accumulate in an RRSP. A member can set up an RRSP on behalf of a spouse and make contributions to it.
Anyone who has earned income can purchase an RRSP, up to the age of 69.
Sandhills Credit Union offers the CUDP program of RRSPs which are covered by the unlimited guarantee. From time to time the Credit Union may offer different programs in which to invest your RRSP dollars.
Monthly Deposits – The Credit Union can set up monthly withdrawals from the account of your choice to deposit to your RRSP. This method of saving is convenient for many of our members.
