Investing

180-Day TFSA Term Deposit¹

Earn 3.00%

  • For new TFSA contributions to Northern Savings
  • Minimum of $100
  • Available until March 1, 2023²


12-Month
Term Deposit²

Earn 3.75%

  • Available as non-registered, RRSP, RIF, or TFSA
  • Minimum of $100
  • Available until March 1, 2023²

24-Month
Term Deposit²

Earn 3.80%

  • Available as non-registered, RRSP, RIF, or TFSA
  • Minimum of $100
  • Available until March 1, 2023²

Looking for Mutual Funds?

Elevate your savings with a 1% CASH BACK BONUS!³


Get up to $500 Cash Back when you invest wtih Qtrade Advisor and Qtrade Asset Management. Learn more >

Need Advice?

Our investment professionals, Vida Carson and Jackie Touchet, can provide you with access to a wide spectrum of investment products and assist you with developing your strategy.  Learn more >

Don't miss the RRSP deadline - the last day to make your 2022 contribution is March 1, 2023

How can I make saving easier?

If you can't afford to contribute a large amount to an RRSP or TFSA at the end of the tax year, don't worry.

At Northern Savings, you can set up automatic contributions and cruise into your savings goals!

  • Consider setting up a savings plan that deducts a monthly or biweekly amount from your paycheque or your account
Let us help >

Should I borrow to invest?

Borrowing to invest could be a great strategy. A Northern Savings investment loan starting at just Prime² can help accelerate your savings!

  • Repayment options from 1 to 5 years
  • Delay payments for up to 90 days
  • Repay whole or part of the loan at any time with no penalty
  • Minimum loan amount $1,000

Investing can benefit more than just you.

Did you know we offer responsible investments that can help you prosper while the environment thrives?

Don't have time to make your contribution?

If you have an RRSP savings account already set up with us, you can just transfer your contribution directly from your account to your RRSP savings account online. Then contact us when you have time to go over your investment options.

    ¹180-day TFSA term is applicable to new funds to Northern Savings only. Some restrictions apply. Rates are subject to change without notice. Rates shown are calculated on a per annum basis.

    ²*Some restrictions apply. Rates are subject to change without notice. Rates shown are calculated on a per annum basis.

    ³Terms and Conditions – Cash Bonus Offer

    Members will receive up to $500 when they transfer their Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) to Qtrade Advisor or Qtrade Asset Management at Northern Savings Financial Services Ltd. (NSFS).1 The following conditions need to be met in order for the member to receive the cash back offer:

    1.    This offer is only available to members of Northern Savings Credit Union.

    2.    Transfers need to be a minimum of $10,000 (Canadian dollars).

    3.    Transfers must be initiated through NSFS by March 1, 2023.

    4.    Members will receive a 1% cash bonus on the funds transferred to Qtrade Advisor or Qtrade Asset Management via NSFS, up to $500.

    5.    Multiple transfers in by the same member do not qualify for more than one cash back offer (i.e., the maximum amount per member is $500).

    6.    Funds must be invested with Qtrade Advisor or Qtrade Asset Management.

    7.    Transfers must come from other financial institutions and transfers from Northern Savings Credit Union are not eligible.

    8.    The member will be responsible to pay any transfer or early redemption fees the transferring financial institution may charge for the transfer.

    9.    Funds must remain in the account for a minimum of 12 months (an early cash-out will result in members being required to repay the bonus amount and corresponding interest earnings to NSFS).

    10.    The cash bonus will be deposited into the client's credit union account.

    11.    No portion of the cash bonus may be used to subscribe for Class A shares (i.e., membership shares) in Northern Savings Credit Union.

    12.    Cash bonuses will be paid by NSFS no later than April 1, 2023, at 5:00 p.m. PST.

    Mutual funds, other securities and securities related financial planning services are offered through Qtrade Advisor, a division of Credential Qtrade Securities Inc. Mutual funds and related financial planning services are offered through Qtrade Asset Management (a tradename of Credential Asset Management Inc).