Saving and Investing
No matter what your dreams are for the future, starting to save and invest now can help you turn your dreams into a reality. At Valley Credit Union we offer access to a comprehensive range of investment products and services that suit your investment needs and the financial expertise to help achieve your goals. Whether you’re just beginning to save and looking for a Tax-Free Savings Account or approaching retirement and looking for more information on opening a Registered Retirement Income Fund, we can help.
Are you looking for investments that are environmentally friendly and socially responsible? Look no further. At Valley Credit Union you’ll always have investment options to meet your specific financial and ethical criteria.
RRSPs
Registered Retirement Savings Plans are long-term investment option. RRSPs are a great way to cut down on a current year's tax bill as contribitions are tax-deferred and will only be taxed upon withdrawal.
Tax Free Savings Accounts
So much more than a savings account, TFSAs are a registered investment option that lets you earn tax-free income, making them a great addition to your retirement plan or to save for a short-term goal like a vacation or a large purchase.
Term Deposits (GICs)
With a GIC, you are promised a guaranteed interest rate over a period of time (term). Valley Credit Union offers GICs as a secure, worry-free investment option for long-term funds in term deposits of 1- 5 years.
RRIFs
RRSPs "terminate" at the end of the calendar year in which you turn age 71. Convert your RRSP to a RRIF to manage your retirement income wisely.
RESPs
Registered Education Savings Plans are special tax-sheltered savings account that allows you to save for a child’s post-secondary education.
Mutual Funds*
Mutual Funds combine the benefits of diversification and professional management with being affordable to the average investor and are available through our wealth partners, CU Financial Management. Contact them today at 902-538-4070 or toll free at 866-803-1399.
Better Earth® Portfolio
An index (market) linked term (min 2 years) investment. A "green" option with zero risk to your principle investment.
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It can be intimidating to get started. Our First Timer's Guide to Saving and Investing can help.
Valley Credit Union is a member of the Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC), which at $250,000, provides the highest deposit insurance protection in Nova Scotia. In a planned credit union portfolio, you are insured up to $250,000 on a range of accounts. This includes coverage for your primary savings and chequing accounts, money held in a joint savings account, funds held in a trust account, and all of your TFSA, RRSP, RRIF or RESP contracts up to $250,000 each. So, by choosing multiple contracts, you can now have unlimited coverage of your RRSP portfolio.
*Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
