Products & Rates

Registered Retirement Savings Plans (RRSPs)

When it comes to saving for retirement, it's best to start early, and RRSPs are the best vehicle to maximize those savings.

Because RRSP contributions are tax-deductible within certain limits, you save now by lowering your taxes. Because RRSP interest isn’t taxed until you take it out for your retirement, your interest compounds during your income-earning years.

Become a Member | Open an RRSP Plan | Purchase another RRSP GIC |
Transfer in an existing RRSP |

Why choose an Outlook RRSP?

We make it easier than ever to set up and contribute to an RRSP. At Outlook, you can invest in our RRSP Cashable GICs or our flexible RRSP High-Interest Savings Accounts:

RRSP Cashable GICs
  • Be worry free with both your RRSP deposit and interest 100% guaranteed without limit.
  • Choose from 1 to 5 year Guaranteed Investment Certificates with Outlook’s great rates – higher than most conventional financial institutions.
  • You can withdraw from your RRSP GIC at any time, subject to withholding tax, so you’re secure in knowing you have the money if you really need it. The minimum withdrawal amount is $1000. You must maintain a minimum balance of $1000, or you have the option to cash your entire RRSP GIC at the early withdrawal rate. Withdrawals from RRSP Cashable GICs made prior to the maturity date will earn the early-withdrawal interest rate on the funds withdrawn, calculated back to the date of deposit.
  • Choose to reinvest your compound interest back into your RRSP GIC, or pay it annually to your RRSP High-Interest Savings Account.
  • Decide whether monthly or yearly interest payments work for you. Monthly interest payments are available at a 0.15% interest discount, paid into your RRSP High-Interest Savings Account.
  • Take advantage of an early start – the minimum deposit for an Outlook RRSP GIC is only $1000.
RRSP High-Interest Savings Accounts
  • Be worry free with both your RRSP deposit and interest 100% guaranteed without limit.
  • Maintain maximum flexibility. With the High-Interest Savings Account, your money is always available to you.
  • Benefit from competitive rates.
  • Get interest that’s calculated daily and paid monthly back into your savings account.
  • Take advantage of no maintenance fees, and no minimum balance.
  • Save $1,000 in your RRSP High-Interest Savings Account, and then transfer your money into an RRSP Cashable GIC for even greater returns.

Information about your RRSP is available any time through Online Banking and Telephone Banking, and through e-statements which are produced twice yearly in January and July.

For more information about Outlook RRSPs, contact us.

Become a Member | Open an RRSP Plan | Purchase another RRSP GIC |
Transfer in an existing RRSP |

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Become a member.

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Rates effective
Apr 4, 2014

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  • 1.80% Savings Accounts
  • 2.15% 1 Year Cashable GIC
  • 2.30% 2 Year Cashable GIC
  • 2.50% 3 Year Cashable GIC
  • 2.65% 4 Year Cashable GIC
  • 2.80% 5 Year Cashable GIC
View all rates

Our deposits are 100% guaranteed

All your Outlook Financial deposits and interest are 100% guaranteed without limit, no matter where you live. Read more…