Prime Advantage 6.70%

Earn 6.70% with the Prime Advantage Registered Retirement Savings Plan (RRSP) & Prime Advantage Tax Free Savings Account.

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Prime Advantage 6.70%

Earn 6.70% with the Prime Advantage Registered Retirement Savings Plan (RRSP) & Prime Advantage Tax Free Savings Account.


Product Details

With a competitive interest rate tied to Prime, the Prime Advantage is perfect for people who want peace of mind of knowing they are getting the best rate all winter long. The interest rate on the Prime Advantage RRSP and the Prime Advantage TFSA is currently 6.70%, which is a combination of the following factors:

Base Rate: 1.25% + Bonus Rate: 5.45% = Promotion Rate 6.70% 

When Prime Rate increases, the bonus interest rate will increase, and the base rate will remain the same.

1. The Promotional Rate of 6.70% is a combination of the Regular Interest Rate paid on Eligible Deposits (1.25%), plus Bonus Interest (“Bonus Interest”) paid on Eligible Deposits during the Promotional Period.
2. In the event of a change in the Prime Rate, 1st Choice Savings and Credit Union will adjust the Bonus Interest rate to match the promotional rate with Prime Rate within 2 business days of the change taking affect.
3. The Promotional Rate of 6.70% interest will be paid on all Eligible Deposits from date of deposit until April 30, 2023. This promotional offer ends on April 30, 2023 at 11:59 p.m.
4. Only Eligible Deposits will qualify for the promotional rate. Eligible Deposits must be Tax Free Savings Accounts (TFSA’s) or Registered Retirement Savings Plans (RRSP’s).
5. The Promotional Rate of 6.70% interest will be paid on all Eligible Deposits from date of deposit until April 30, 2023.
6. Bonus Interest is calculated daily at the current rate on each day’s full closing balance and paid monthly. Regular Interest is calculated daily at the current rate on each day’s full closing balance and paid monthly.
7. Not available for non-registered funds or Registered Retirement Income Funds (RRIF’s).
8. Bonus Interest and Regular Interest rates are subject to change at any time; please speak to a 1st Choice Savings and Credit Union representative for current rates.
9. 1st Choice Savings and Credit Union reserves the right, in its sole discretion to terminate this promotion, in whole or in part, or modify, amend or suspend the promotion in any manner whatsoever.
10. All deposits are 100% guaranteed by the Credit Union Deposit Guarantee Corporation. For more information on the Alberta Credit Union Deposit Guarantee, call toll-free at 1-800-661-0351 or visit http://www.cudgc.ab.ca.
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