Enhanced Savings Plan (Formerly My S@vings Plan)

Get a boost to help you achieve your ambitions!

Is this type of saving for you?

  • You are looking for a flexible savings method to achieve your ambitions.
  • Fixed interest rate: 0.35%. Interest bonus each year. Additional bonus when goal is reached.
  • Eligible for registered (RRSP, TFSA) and non-registered plans.
  • Set a savings goal amount over a period of 6 months to 5 years, schedule regular transfers, and get support from others to reach your savings goal faster

Main features :Capital and interest rate 100% guaranteed

Terms offered :Flexible term savings, completely designed for our members aged 12 to 30

Interest rate :In addition to saving at an advantageous rate, your interest accumulates and is subsidized each year

Bonus :Also receive a bonus when you reach your savings goal

Eligible plans :TFSAs, RRSPs and other retirement plans

Calculate the transfer amount you need to reach your goal


Save to achieve your goals

Set a savings goal amount, schedule regular transfers and get support from others to reach your savings goal faster.

Support from others

Approach your friends and family for financial support to meet your goal.

A unique key in the request lets them transfer funds toward your goal.


You get a higher rate, and a bonus on the interest earned each year.
You also get a bonus when you reach your savings goal amount.

Easy tracking

  • Track your progress on your mobile device or computer.
  • Modify your goal along the way, whenever you want.

Information is for demonstration purposes only


  • Target date can be changed at any time. You have up to 5 years to meet your goal.
  • Set transfer amount and frequency according to your saving capacity.
  • Stop saving toward your goal whenever you want.

Rules and conditions

  • Savings goal between $50 and $5,000 if you are under 18 years of age.
  • Maximum deposit of $100,000, if you are 18 years of age or older when purchasing the product.
  • On the start date (issue date), you set your savings goal amount based on the minimum and maximum allowed for your age, transfer amount and frequency, and target date which may not exceed 5 years (maximum maturity date).
  • Along the way, at any time, you can change the target date as long as you don’t exceed the maximum maturity date, and the amount and frequency of transfers.
  • Only your savings goal amount and maximum maturity date cannot be modified.
  • In non-registered versions of the product (non-RRSP and non-TFSA), friends and family may make transfers up to 50% of your savings goal amount toward your savings goal.


  • Amount saved earns interest at the annual interest rate indicated on the product description page.
  • Annual interest and bonuses, if any, are compounded annually. They are paid, along with the bonus when savings goal amount is reached, at the time capital is reimbursed.

Annual bonus

  • To qualify for an annual bonus, you must have saved at least 5% of your savings goal amount, excluding interest, during the year. Annual bonuses are calculated based on interest earned during the year at the rate for the year indicated on the product description page.

Bonus when savings goal amount is reached

  • To qualify for the bonus when savings goal is reached, you must have achieved your savings goal no later than the maximum maturity date. The bonus is calculated based on the total amount of annual bonuses earned since the date of issue at the rate indicated on the product description page.

Redemption before the maximum maturity date

  • Term savings are redeemable before the maximum maturity date in full only. Redemption puts an end to the term savings. By redeeming your term savings before reaching your savings goal amount, you forfeit the bonus granted when savings goal is achieved.


When savings goal is reached, on the date of redemption, or at the latest on the maximum maturity date, the total saved, including accrued interest and bonuses, is transferred the following day to member’s account.

More information

Want to know more about guaranteed fixed-rate investments (GICs)

Fixed-rate term savings—also known as fixed-rate GICs (guaranteed investment certificates)—are the only savings products that guarantee your capital and your interest returns.

No matter how the markets perform, you can know from day one exactly what your final returns will be.

Term savings are the first step to a diversified investment portfolio:

  • Original investment and interest 100% guaranteed;
  • Deposits insured in accordance with the terms and conditions established by the Financial Services Regulatory Authority (FSRA).
  • Eligible for TFSAs, RRSPs and other registered savings plans;
  • Variety of interest payment options;
  • Short, medium or long-term investments;
  • May be eligible to member dividends your caisse may pay.


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