Prosperity Retirement Savings Plan
The Prosperity Retirement Savings Plan (PRSP) is geared towards individuals between the ages of 18 and under 66 who are desirous of planning for their retirement. Prosperity when you retire starts with planning today!
Account starts with a minimum of $100 with a minimum annual contribution of $1,200*
Attractive interest rate with monthly interest payments
The plan matures between the ages of 55 and 67
PRSP account holders are entitled to two withdrawals per year for the below purposes:
- Acquisition of the first residential property
Discounts will be granted on standard legal services provided by C.O.B
A portion of the funds accumulated in the account can be used as security towards a loan
At maturity of the Plan, three options are available to you:
- Full Cash Withdrawal
- Investment in another product from the C.O.B Prosperity Suite of Savings
- Full Annuity
*Failure to deposit the minimum annual amount of $1,200 will result in the interest being paid at the prevailing rate on the Prosperity Deposits account.