Build a nest egg while you pay for the nest!
A Capital City Savings mortgage can help you contribute to your RRSP and it doesn’t cost you once cent extra! It does, however, start you on the road to a secure financial future.
As a member-owner you earn Profit$hare® dividends on the daily average balance of all your deposit and loan accounts with Capital City Savings. All you have to do is convert your Profit$hare dividends to an RRSP and by the time you have paid off your home you will have made a significant RRSP contribution.
For example, consider you have a mortgage of $135,000 at an average interest rate of 6.05% amortized over 25 years. The RRSP value at the end of 25 years would be $5,362*.
*Based on 2004 Profit$hare dividend of 0.125% and common share dividend of 2.50%
Contact us today for more information on any of our mortgage products or to make an appointment with one of our Personal Bankers.
Phone 496-2000 or toll free 1-877-496-2151 or
email
us.
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