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Investing

Your partner for long-term financial success

INVEST SMARTLY WITH Luminus Financial

Explore our investment options

When picturing your investment future, what do you see? Regardless of whether your aspirations are ambitious or modest, they are uniquely yours and hold significant importance. At Luminus Financial, we commit ourselves as your dedicated partner in transforming these dreams into reality. Allow us to guide you on this path, whether you are taking your first steps into investing or aiming to enhance, diversify, and protect your existing investments.

Limited-time special offers

3-Year Closed Mortgage
4.89%*
5-Year Closed Mortgage
4.99%*

Looking for our rates?

With the More Rewards Program (MOR), you could earn up to 0.25% EXTRA on your investments! Learn more and join the MOR program today!

Investment products

Term Deposits – GICs

GICs offer a fixed interest rate over a specified term, providing you with a reliable and predictable investment. With various terms available to suit your financial goals, Term Deposit GICs at Luminus Financial ensure the safety of your principal amount while earning competitive returns.
  • With guaranteed returns and a fixed interest rate, Term Deposits shield investors from market volatility.
  • For those seeking a reliable income stream, Term Deposits can contribute to financial stability.

RRSP

RRSPs provide a tax-advantaged way to save for the future, allowing your investments to grow tax-free until withdrawal. Contributions to your RRSP also provide annual tax deductions, offering immediate financial benefits.
  • Contributions to your RRSP are tax-deductible, lowering your taxable income and reducing your tax bill in the contribution year.
  • Investments in an RRSP grow tax-free, compounding over time until you are ready for withdrawal.
  • RRSPs offer a wide range of investment options, including stocks, bonds, mutual funds, and more.

TFSA

Contribute, watch your money grow, and enjoy tax-free withdrawals. Whether for short-term goals or building a future nest egg, our TFSA offers a tax-efficient solution tailored to your financial aspirations.
  • Your contributions grow tax-free.
  • Withdraw money from your TFSA at any time for a purchase or your retirement.
  • TFSA withdrawals aren’t considered as income.

RESP

Secure your child's future with a Registered Education Savings Plan (RESP) from Luminus Financial. Contribute regularly, and watch your contributions grow tax-free until withdrawal. Plus, with the Canada Education Savings Grant (CESG), your savings can receive an additional boost.
  • Investment income grows tax-free until it is withdrawn.
  • RESP withdrawals are flexible and can be used to cover various educational expenses, including tuition, books, and living expenses.

RRIF

When you are ready to retire, transition seamlessly from your RRSP to an RRIF, and watch your savings continue to grow tax-deferred while providing a steady income stream. RRIFs offer flexibility in withdrawals and are designed to align with your unique financial needs.
  • RRIFs offer flexibility in the withdrawal of funds during retirement.
  • Similar to RRSPs, investments held within a Registered Retirement Income Fund (RRIF) continue to grow tax-deferred.

Investment Shares

Enjoy consistent annual returns* while contributing to the credit union's capital base with Luminus Investment Shares. Plus, Investment Shares pave the way for a stronger, more technologically advanced, and financially secure institution.
  • Enjoy attractive average annual returns of 3.30%.1
  • Investment Shares contribute directly to the capital base of the credit union, supporting our financial stability while allowing for growth initiatives.
  • The funds raised through Investment Shares empower Luminus Financial to invest in cutting-edge services and technology.
Understanding Service Fees
RRSP Loans

A bit shy of maximizing your RRSP?

With Luminus Financial, you can take advantage of competitive interest rates, personalized repayment options, and the freedom to boost your RRSP to its full potential. Say goodbye to missed opportunities and hello to a more robust retirement savings plan.

Frequently asked questions

Determining the right amount to save for retirement depends on various factors, including your current age, desired retirement age, lifestyle goals, and anticipated expenses. Luminus Financial offers retirement planning tools and consultations with our experts to help you assess your unique retirement needs and set realistic savings goals. Check out our handy Retirement Calculator to get started. 

At Luminus Financial, we provide a range of investment options designed to align with your unique risk tolerance and financial goals. Whether you prefer the security of GICs, the tax advantages of RRSPs, or the growth potential of Investment Shares, our offerings empower you to tailor your investments to meet your specific needs. The first step would be to book an appointment with a specialist on our Member Relations Team who can help you choose the right product and plan to suit your lifestyle and goals.

Fees vary depending on the specific investment product. Some products, like TFSAs, may have no fees, while others, such as GICs, may have nominal fees. It's important to review the terms and conditions of each investment product. See a list of our fees by product here.

Luminus Financial provides convenient online tools and resources for monitoring and managing your investments. You can access account information, track performance, and make transactions through our secure online banking platform.

Luminus Financial provides personalized support for retirement planning, including RRSPs and RRIFs. Our financial experts can guide you in creating a comprehensive retirement strategy tailored to your unique needs. 

Getting started is easy. You can visit our website to explore product details, contact our financial advisors for personalized assistance, or visit one of our branches to open an investment account. We're here to help you achieve your financial goals. 

Your investments are secure!

For registered products including, LIRA, LIF, RRSP, RRIF, RESP, and TFSA:

Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). At Luminus Financial, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits in all registered accounts with Ontario Credit Unions have unlimited deposit insurance coverage through the Financial Services Regulatory Authority (FSRA).

For other eligible deposits:

Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA). At Luminus Financial, eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) with Ontario Credit Unions are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).

For more information about deposit insurance, view the FSRA Deposit Insurance Brochure.

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