Monthly Savings Plan

    

A great way to save! Designed as an alternative to Canada Savings Bonds, this convenient plan can be set up using automatic transfers to allow you to grow your savings.

Benefits:

  • Save money with NO Monthly FEES
  • No waiting period for an emergency withdrawal
  • Matures just in time for holiday shopping 

Features:

  • Guaranteed rate of return 0.25% higher than comparable plans
  • Compounded monthly interest
  • ONE withdrawal* permitted per year (in-branch only)
  • Convenient automatic transfer into the plan

Plan begins on November 1st of each year, with principal and accrued interest paid at maturity, on October 31st of the following year.

SAMPLE MSP PAYMENT SCHEDULE

Payment Frequency

Saving Goal

 

$500

$1000

$2,000

12 monthly

$41.67

$83.34

$166.67

24 bi-monthly

$20.84

$41.67

$83.34

26 bi-weekly

$19.24

$38.47

$76.93

52 weekly

$9.62

$19.24

$38.46

 

 *Upon second withdrawal, the plan will collapse into a YOUR Savings Plan automatically, forfeiting accrued interest and assuming the YOUR Savings associated rates and fees.

 

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