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Registered Education Savings Plan (RESP)

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Save today, even if graduation feels like a lifetime away…

You can never start saving too soon for your child’s future. At Access Credit Union, we’ll help you plan for your child’s future today with a Registered Education Savings Plan (RESP).

An RESP is an education savings account registered with the Government of Canada. It allows you, your family, or friends to put aside money for your child’s education after high school.

We make it easy to save for your child’s education with the flexibility to deposit anytime throughout the year—and you decide when and how much to contribute.

Are you ready to invest in your child's future?

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Join Access Credit Union 

Apply online in minutes to become a member of Access and start saving.

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Get personalized advice

Book a no-obligation consultation to get financial advice tailored to your needs.

Why choose an RESP?

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Grow savings on a tax-deferred basis

Any amount deposited into the account within the contribution limit—as well as any income earned from gains—grows on a tax-deferred basis.

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Receive government bonus incentives

As an added incentive, the Federal Government pays a 20% bonus into the account—up to $500 every year—to a lifetime limit of $7,200 per child.

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Apply for additional education funding

In addition to your RESP contributions, you could be eligible to receive the Canada Learning Bond and/or Canada Education Savings Grant.

Calculate RESP savings

Why choose Access Credit Union?

Competitive Rates

Competitive Rates

Access Credit Union offers various options to best suit your needs and has some of the most competitive rates around.

Deposit Guarantee

Deposit Guarantee

Enjoy peace of mind knowing that your investment is solid and secure because all deposits are guaranteed 100% by the Deposit Guarantee Corporation of Manitoba.

Expert Advice

Expert advice on your schedule

We’re available to meet with you in person, over the phone or online to suit your schedule and make your experience comfortable and easy.

RESP Variable

1.95%

 

*Rates subject to change without notice.

Looking for RESP advice?

Investing for your child's future doesn't have to be difficult.
Find out the benefits of an RESP and learn useful tips and tricks to make the most out of your education savings.

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