Retirement Savings - Ariza Credit Union

Do you have enough to meet your retirement needs?

Retirement is a stage in our lives that few of us are willing to think about because it’s usually in the distant future.
Be prepared! Start saving now with Ariza’s Retirement Saving Plan.

Why do you need a Retirement Savings Plan?

To live a comfortable lifestyle after retirement
At retirement you will not be earning a monthly salary
You are ready to set money aside and out of reach until your Golden Years
Our plan enables you to make contributions on your own behalf into an account and thereby build assets on a long term basis for a pension at retirement.
Your sum at maturity will depend on number of years in the plan and the level of saving.

FEATURES
FAQ

FEATURES

Open to all members of Ariza Credit Union
It’s affordable. Initial minimum contribution of EC$50.00
The plan is for a minimum period of 10 years or until the member’s 55th birthday, whichever is later
Premature withdrawals are discouraged
Flexible maturity pay-out options
If death occurs before maturity, the fund balance will be paid to your estate or named beneficiary
Regular monthly deposits
Request a lump sum payment of all funds on the account
Transfer the funds to any other savings instrument in the Credit Union
Convert the funds to 10 or 15 year annuity with monthly payments over 10 or 15 years