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Other RRIFs
Savings Rates | RRIFs: 10 to 25 years
| Financial Institution | Type | Compound Frequency | Payment Frequency | Redeemable | Minimum Deposit | Term in Years | |||||
| 10 | 12 | 15 | 19 | 20 | 25 | ||||||
| BMO Bank of Montreal | LD | Annually | Periodically | no | 500 | 2.300 | 2.300 | 2.300 | 2.300 | 2.300 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Desjardins Fin. Security | GT | Annually | Periodically | yes | 500 | 1.900 | 1.900 | 1.900 | 1.900 | 1.900 | - |
| Great-West Life | LD | Not compounded | Annually | yes | 500 | 1.700 | 2.400 | 2.400 | 2.400 | - | - |
| National Bank | LD | Annually | At maturity | yes | 500 | 2.400 | - | - | - | - | - |
| Bk Nova Scotia Mtg. Corp | LD | Annually | At maturity | no | 1,000 | 2.100 | - | - | - | - | - |
| Canada Life | GT | Annually | Periodically | yes | 1,000 | 1.700 | - | - | - | - | - |
| Great-West Life | LD | Annually | At maturity | yes | 2,000 | 1.700 | 2.400 | 2.400 | 2.400 | - | - |
| Great-West Life | LD | Not compounded | Monthly | yes | 2,000 | 1.200 | 1.900 | 1.900 | 1.900 | 1.900 | - |
| Manulife Investments | GT | Annually | Periodically | yes | 2,500 | 2.350 | 2.350 | 2.350 | 2.350 | 2.350 | 2.350 |
| Manulife Investments | LD | Not compounded | Annually | yes | 2,500 | 2.350 | 2.350 | 2.350 | 2.350 | 2.350 | 2.350 |
| Manulife Investments | LD | Annually | At maturity | yes | 2,500 | 2.350 | 2.350 | 2.350 | 2.350 | 2.350 | 2.350 |
| Sun Life - Insurance | LD | Annually | Annually | yes | 5,000 | 1.900 | 1.900 | 1.900 | 2.100 | 2.150 | 2.150 |
| Empire Life | LD | Not compounded | Monthly | yes | 10,000 | 1.850 | - | - | - | - | - |
| - | LD | Not compounded | Annually | yes | 10,000 | 2.100 | - | - | - | - | - |
| London Life | GT | Annually | Periodically | yes | 10,000 | 1.200 | - | 1.900 | 1.900 | 1.900 | 1.900 |
| Standard Life | GT | Annually | Periodically | yes | 10,000 | 2.350 | 2.350 | 2.350 | 2.350 | 2.350 | - |
| Canada Life | GT | Annually | Periodically | yes | 25,000 | 1.825 | - | - | - | - | - |
| Great-West Life | LD | Annually | At maturity | yes | 25,000 | 1.825 | 2.525 | 2.525 | 2.525 | - | - |
| Great-West Life | LD | Not compounded | Monthly | yes | 25,000 | 1.325 | 2.025 | 2.025 | 2.025 | - | - |
| Great-West Life | LD | Not compounded | Annually | yes | 25,000 | 1.825 | 2.525 | 2.525 | 2.525 | - | - |
| London Life | GT | Annually | Periodically | yes | 25,000 | 1.825 | - | 2.525 | 2.525 | 2.525 | 2.525 |
| Empire Life | LD | Not compounded | Monthly | yes | 50,000 | 1.975 | - | - | - | - | - |
| - | LD | Not compounded | Annually | yes | 50,000 | 2.225 | - | - | - | - | - |
| Great-West Life | LD | Annually | At maturity | yes | 50,000 | 1.950 | 2.650 | 2.650 | 2.650 | - | - |
| Great-West Life | LD | Not compounded | Monthly | yes | 50,000 | 1.450 | 2.150 | 2.150 | 2.150 | - | - |
| Great-West Life | LD | Not compounded | Annually | yes | 50,000 | 1.950 | 2.650 | 2.650 | 2.650 | - | - |
| Standard Life | GT | Annually | Periodically | yes | 50,000 | 2.350 | 2.350 | 2.350 | 2.350 | 2.350 | - |
| Canada Life | GT | Annually | Periodically | yes | 75,000 | 1.950 | - | - | - | - | - |
| Empire Life | LD | Not compounded | Monthly | yes | 100,000 | 2.100 | - | - | - | - | - |
| Empire Life | LD | Not compounded | Annually | yes | 100,000 | 2.350 | - | - | - | - | - |
| London Life | GT | Annually | Periodically | yes | 100,000 | 1.950 | - | 2.650 | 2.650 | 2.650 | 2.650 |
| Standard Life | GT | Annually | Periodically | yes | 100,000 | 2.350 | 2.350 | 2.350 | 2.350 | 2.350 | - |
| Standard Life | GT | Annually | Periodically | yes | 250,000 | 2.350 | 2.350 | 2.350 | 2.350 | 2.350 | - |
| Standard Life | GT | Annually | Periodically | yes | 500,000 | 2.350 | 2.350 | 2.350 | 2.350 | 2.350 | - |
Type - LD indicates a long-term deposit, GT indicates a guaranteed deposit.
A registered retirement income fund (RRIF) is purchased with the proceeds of a registered retirement savings plan (RRSP). RRIFs are interest accruing investment products that provide a minimum periodic income for a predetermined period of time or until all funds are depleted. Due to the product's flexibility, the investor can, in certain cases, request a withdrawal of any amount provided a withdrawal minimum is met on an annual basis. This product is registered for tax purposes, so interest accumulations are not taxed until withdrawn.
Prepared by Cannex on May 25, 2013
This information is current as of the date and time posted and is subject to change without notice.
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