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Registered Retirement Savings Plan (RRSP)

Regardless of your income level, with careful long-term planning, you can accumulate enough savings to enjoy retirement. The most important considerations when planning for retirement are security, flexibility, and growth potential. We can help with expert advice and together, figure out the most affordable way for you to start investing in your future!

At NLCU, we offer compound interest, paid semi-annually. You get interest on your RRSP not once, but twice a year - that's interest on the interest. We call it "the snowball effect". Over time, your original investment can snowball into thousands of dollars more in interest. Let us help you turn your dreams of financial security into a reality. It doesn't take a lot to make a lot.

Key features

  • Save more or retire earlier with semi-annual compounding benefit.
  • Variable and Fixed Rate plans available.
  • RRSP terms from 6 months to 7 years.
  • Redeemable option available at time of investment.
  • Secure investment with principal and interest guaranteed.
  • Deposit insurance protection.

Ask for advice on getting a head start on next year's contribution with convenient monthly RRSP deposits. Contributing for a spouse also provides opportunities for income splitting when you retire. Ask for details.

Index-Linked RRSP Term Deposits

The beauty of these products is that they allow you to invest in stock markets without any risk to your principal. With no fees or commissions, your principal is guaranteed and you choose a fixed term of 3 or 5 years. Rate of return is calculated on the performance of the S&P/TSX.


Meet your local planning expert

We can help you understand RRSPs, show you the different investment options available, explain the short and long term benefits, and help prepare an RRSP plan that makes sense for your future.

Tony Young, CFP®

Director, Advice and Service
Aviso Financial Inc.
240 Water Street
St. John’s NL A1C 1B7
(709) 758-8258

Tina Skinner, PFP®

Wealth Management Advisor
Aviso Financial Inc.
38 Main Street
Corner Brook NL A2H 1C3
 (709) 634-5341
 (709) 632-0363

Greg Murray, CFP®

Wealth Management Advisor
Aviso Financial Inc.
51 Commonwealth Avenue
Mount Pearl NL A1N 1W7
 (709) 747-9415
 (709) 690-4990

Peter Bishop

Wealth Management Advisor
Aviso Financial Inc.
1 Pinsent Drive
Grand Falls-Windsor NL A2A 2S8
(709) 489-9051

Donna McGrath, CFP®

Wealth Management Advisor
Aviso Financial Inc.

341 Freshwater Road
St. John’s NL A1C 1B7
 (709) 754-2312

Suellen Jenkins

Wealth Management Advisor
Aviso Financial Inc.

6 Roe Avenue
Gander NL A1V 1W5
 (709) 256-3537

See our latest RRSP rates

List of rates for Registered Retirement Savings Plan (RRSP)*
Registered Retirement Savings Plan (RRSP)* Rate
6 Month Fixed Term
1 Year Fixed Term
2 Year Fixed Term
3 Year Fixed Term
4 Year Fixed Term
5 Year Fixed Term
7 Year Fixed Term

*Rates subject to change. Terms and conditions may apply.
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Turn your vision for the future into reality

Not everyone’s goals are the same. At NLCU, you define your vision for success, and our local experts create a personalized action plan to get you there.