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Prosperity Retirement Savings Plan (PRSP)

Planning for your Retirement? The Prosperity Retirement Savings Plan (PRSP) is the Plan for you! Enjoy substantial benefits before and after retirement by investing in the PRSP.

With a minimum deposit of $100 and an annual contribution of $1,200, you can:

  • Benefit from an attractive interest rate, with interest payments made on a monthly basis.
  • Deposit frequently and flexibly to your Plan 
  • Withdraw the lesser of 10% of the funds accumulated or up to a maximum of $50,000 towards your first residential property, Education or Health
  • Use funds saved on this Plan as security towards a loan 
  • Benefit from discounted legal services provided by C.O.B

Please Note:

  • The plan matures between the ages of 55 and 67
  • The following options exist at maturity of the Plan:
    • Full Cash Withdrawal 
    • Investment into another C.O.B account 
    • Full Annuity with an insurance company of your choice

Learn more here.