GICs
Prosperity ONE GICs are guaranteed investments that provide security and safety of your investment and interest earned for the full term of your investment.
A wide range of options are available to suit your needs:
Short Term
- A deposit for periods of 30 days to 364 days has flexible interest rates.
- Early redemption privileges and automatic renewal options.
- Redeemable GIC deposits with terms 90 days to 364 days the interest earned is lower if the GIC is redeemed prior to maturity and the minimum deposit is $1,000.
- Non-redeemable GICs with terms under one year require a minimum deposit of $5,000.
At Prosperity ONE Short term GICs may also be considered as a safe investment for RRSPs and RRIFs
& TFSAs
For GIC rates CLICK HERE.
Long Term
- One to five year non-redeemable deposits are available.
- Minimum deposit required is $500.
At Prosperity ONE Long term GICs may also be considered as a safe investment for RRSPs and RRIFs
& TFSAs
For GIC rates CLICK HERE.
Prosperity ONE offers a one year redeemable GIC with a minimum deposit of $100 for young adults who have Fat Cat*, Headstart* or Undergraduate* account.
For GIC rates CLICK HERE.
Mutual Funds *
Mutual funds combine the
assets of many investors and apply them to
securities such as government treasury bills, government and corporate bonds,
mortgages or stocks. Pooling your money with other investors gives you a number
of advantages. One example – it’s a more cost-efficient way to achieve a more
diversified portfolio which helps soften the impact of market fluctuations.
Our Credential Asset Management Inc. Mutual Funds
Investment Specialists can give you thoughtful, specialized investment
advice and access to
over 1,800 mutual funds (for both registered and non-registered plans) at any of
our branches.
We can also help you learn more about
Socially Responsible Investing so that you can make investment choices that
reflect and support your values.
Prefer to make your own market decisions? Trade online* with
Credential Direct®.
Index Linked Term Deposits
- Prosperity ONE offers this investment vehicle for those who want to invest in the stock market but don't want to risk their principal or pay the fees associated with mutual funds.
- The principal amount is guaranteed and deposits are insured up to $100,000 by DICO and are RRSP eligible.
- Prosperity ONE offers 2 options for index-linked deposits-S&P/TSX60 Index-Linked Deposit, returns are based on the quarterly closing values of the S&P/TSX60 in the final year of the deposit. The second option is the Global-Linked Deposit, returns are based on the performance of the shares held within the Global Integrity-The Life Basket.
For more details CLICK HERE to contact our Prosperity ONE specialists.
RRSPs
- A Registered Retirement Savings Plan is a Federal Government approved means of saving money for retirement through making contributions of specific amounts which are tax deductible and the income earned is tax sheltered.
- Amounts withdrawn from an RRSP are taxable. The amount you may deposit into an RRSP is regulated and there are penalties for exceeding the maximum allowable yearly contribution.
- There is no maximum to the amount of money you can accumulate in an RRSP or RRSPs.
- You can set up an RRSP on behalf of a spouse and make contributions to it.
- Terms are available from 90 days to five years.
- You can set up a savings plan in which contributions can be made weekly, bi-weekly, semi-monthly and monthly.
- The minimum required to set up a savings plan is $25.00.
Anyone with "earned income" subject to Canadian Taxation, including
non-residents, and who is less than 71 years of age in the year the tax deduction is to be made can contribute to a Registered Retirement Savings Plan.
NOTE: Concentra Financial acts as trustee for Prosperity ONE RRSPs & RRIFs
For more details CLICK HERE to contact our one of
our Credential® investment professionals will help you choose the
right investment products for your RRSP.
For more information on interest rates and terms CLICK HERE.
RRIFs
- A Registered Retirement Income Fund is a Federal Government approved means of providing a maturing option for RRSPs.
- An RRIF continues an RRSP beyond the age of 71 with the condition that a member must select a minimum payment from the fund at least annually.
- While the member may take any amount out of the fund above the minimum, each withdrawal is taxable as income.
- RRIF funds are tax sheltered while they remain on deposit. RRIF funds can be transferred between deposit-taking financial institutions.
Who can have an RRIF at Prosperity ONE?
- Anyone who has an RRSP of an amount to fund reasonable annual payments.
- Anyone who is retiring and receiving a retirement allowance.
- Anyone who has an RRSP or RRIF at another financial institution.
NOTE: Concentra Financial acts as trustee for Prosperity ONE RRSPs and RRIFs
For more information on interest rates and terms CLICK HERE.
For more details CLICK HERE to contact our Prosperity ONE specialists.
RESPs
- Registered Education Savings Plans are available for contributing for a child's education.
- The most attractive new feature is a contribution of up to $400 per child by the federal government through the Canadian Education Savings Grant (CESG).
- The CESG will compound over time and add significantly to your child's savings.
- Contributions may be made on behalf of a beneficiary (the child to attend post-secondary school) for up to 21 years.
- CESG grants are only payable until the calendar year in which the child turns 17.
- The maximum annual grant is $400, for a lifetime maximum of $7,200.
- Annual contributions on behalf of a beneficiary cannot exceed $4,000, with a maximum lifetime contribution to an RESP of $42,000 per beneficiary.
- Take advantage of a vast range of available investment choices and diversify by asset class-holding a combination of cash, bonds and equities; geographic region-mix in securities from around the world; portfolio management style-three common styles for equity investing, growth, value and sector rotation.
For more details CLICK HERE to contact our Prosperity ONE specialists.
Credential Direct®
Be your own broker*
If you’re a do-it-yourself investor, look no further than Prosperity One. We
offer you
Canada’s #1 Online Broker Credential Direct®.
Free investing tools and research for smarter trading decisions
- Plan your strategy using life-events and portfolio
planners.
- Research the markets with real-time quotes, news,
commentaries, research, and technical event analysis.
- Find opportunities using financial, technical, options,
and mutual fund screeners, or get stock, technical event, and portfolio
alerts.
- Trade stocks, options, mutual funds and fixed income —
all online.
- Manage your accounts using real-time buying power and
performance data, plus transfer funds easily between your Prosperity One chequing account and your trading account.
- Easy to talk to Investment Representatives are ready to
answer questions.
Low fees for higher profits
Easy to get started
Open an account today and see why Credential Direct has been ranked #1 in
Canada for the fifth time since 2004. Or visit the
Credential Direct
website.
Ranked by
Surviscor Winter 2008,
Summer
2007,
Q4/Fourth Quarter 2006,
Q2 2006 and
Watchfire Gomez Pro Q4 2004
** not available for Active Traders
*Mutual
Funds are offered through Credential Asset Management Inc. and mutual funds and
other securities are offered through Credential
Direct®, a division of Credential Securities Inc. which operates as a separate
business unit. Commissions, trailing commissions, management fees, and expenses
all may be associated with mutual fund investments. Please read the prospectus
before investing. Unless otherwise stated, mutual funds and other securities are
not covered by the Canada Deposit Insurance Corporation or by any other
government deposit insurer that insures deposits in Credit Unions. Cash
balances, mutual funds and other securities are not guaranteed, their values
change frequently, and past performance may not be repeated. Credential
Securities Inc. is a Member-CIPF.
®Credential
and Credential Direct are
registered marked owned by Credential Financial Inc. and are used under licence.
