Savings Rates | RRIFs: 1 to 6 years

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Sorted by: Payment Frequency in ascending order (Click on a column heading to sort up or down)
Financial Institution Type Compound Frequency Payment Frequency Redeemable Min. Deposit Term in Years
1 2 3 4 5 6
B2B Bank LD Annually Annually no 1,000 1.400 1.710 1.810 1.910 2.010 -
Effort Trust LD Annually Annually no 1,000 1.500 1.800 1.850 1.900 2.050 -
Great-West Life LD Not compounded Annually yes 50,000 0.800 0.800 0.800 0.850 0.900 1.250
Great-West Life LD Not compounded Annually yes 25,000 0.675 0.675 0.675 0.725 0.775 1.125
Great-West Life LD Not compounded Annually yes 500 0.550 0.550 0.550 0.600 0.650 1.000
Home Trust Company LD Not compounded Annually no 10,000 1.560 1.770 1.800 1.900 2.060 -
Laurentian Bank Canada LD Not compounded Annually no 500 0.600 0.850 1.000 1.150 1.500 -
Manulife Investments LD Not compounded Annually yes 2,500 0.600 0.800 0.500 0.700 0.850 0.850
Oaken Financial LD Not compounded Annually no 10,000 1.900 2.100 2.150 2.200 2.300 -
Ontario Civil Service CU LD Not compounded Annually no 100,000 1.350 1.600 1.750 1.900 2.200 -
Ontario Civil Service CU LD Not compounded Annually no 60,000 1.350 1.600 1.750 1.900 2.200 -
Ontario Civil Service CU LD Not compounded Annually no 40,000 1.350 1.600 1.750 1.900 2.200 -
Ontario Civil Service CU LD Not compounded Annually no 20,000 1.300 1.450 1.500 1.750 2.050 -
Ontario Civil Service CU LD Not compounded Annually no 10,000 1.300 1.450 1.500 1.750 2.050 -
Ontario Civil Service CU LD Not compounded Annually no 5,000 1.000 1.100 1.350 1.600 1.900 -
Ontario Civil Service CU LD Not compounded Annually no 1,000 1.000 1.100 1.350 1.600 1.900 -
PACE Savings & Credit Un LD Not compounded Annually no 1,000 1.200 1.300 1.600 1.750 2.100 -
Parama Credit Union LD Not compounded Annually no 1,000 1.500 1.750 2.000 2.150 2.350 -
Servus Credit Union LD Annually Annually no 5,000 0.900 1.050 1.150 1.300 1.500 -
Sun Life - Insurance LD Annually Annually yes 5,000 0.650 0.700 0.750 1.250 1.650 1.650
Sun Life - Trust LD Annually Annually yes 5,000 0.650 0.700 0.750 1.250 1.650 1.650
Sun Life - Trust LD Annually Annually no 5,000 1.150 1.250 1.350 1.550 1.950 1.950
TD Canada Trust LD Not compounded Annually no 500 1.000 1.050 1.100 1.200 1.300 -
Bk Nova Scotia Mtg. Corp LD Annually At maturity no 1,000 0.900 1.100 1.150 1.300 1.500 1.500
CIBC LD Annually At maturity no 500 0.650 0.750 0.950 1.150 1.500 -
Great-West Life LD Annually At maturity yes 50,000 0.800 0.800 0.800 0.850 0.900 1.250
Great-West Life LD Annually At maturity yes 25,000 0.675 0.675 0.675 0.725 0.775 1.125
Great-West Life LD Annually At maturity yes 2,000 0.550 0.550 0.550 0.600 0.650 1.000
Home Trust Company LD Annually At maturity no 10,000 1.560 1.770 1.800 1.900 2.060 -
Laurentian Bank Canada LD Annually At maturity no 500 0.600 0.850 1.000 1.150 1.500 -
Manulife Investments LD Annually At maturity yes 2,500 0.600 0.800 0.500 0.700 0.850 0.850
National Bank LD Annually At maturity yes 500 0.650 0.950 1.100 1.300 1.450 1.750
Oaken Financial LD Annually At maturity no 10,000 1.900 2.100 2.150 2.200 2.300 -
TD Canada Trust LD Annually At maturity no 500 1.000 1.050 1.100 1.200 1.300 -
Windsor Family C.U. LD Annually At maturity no 500 0.900 1.100 1.150 1.300 1.500 -
Empire Life LD Annually Monthly yes 10,000 0.375 0.375 0.500 0.625 0.875 1.000
Empire Life LD Annually Monthly yes 50,000 0.500 0.500 0.625 0.750 1.000 1.125
Empire Life LD Annually Monthly yes 100,000 0.625 0.625 0.750 0.875 1.125 1.250
Great-West Life LD Not compounded Monthly yes 2,000 0.050 0.050 0.050 0.100 0.150 0.500
Great-West Life LD Not compounded Monthly yes 50,000 0.300 0.300 0.300 0.350 0.400 0.750
Great-West Life LD Not compounded Monthly yes 25,000 0.175 0.175 0.175 0.225 0.275 0.625
Home Trust Company LD Not compounded Monthly no 10,000 1.560 1.770 1.800 1.900 2.060 -
Laurentian Bank Canada LD Not compounded Monthly no 500 0.250 0.350 0.500 0.650 1.000 -
Oaken Financial LD Not compounded Monthly no 10,000 1.900 2.100 2.150 2.200 2.300 -
BMO Bank of Montreal LD Annually Periodically no 500 1.000 1.050 1.150 1.250 1.500 1.500
Canada Life GT Annually Periodically yes 25,000 0.675 0.675 0.675 0.725 0.775 1.125
Canada Life GT Annually Periodically yes 1,000 0.550 0.550 0.550 0.600 0.650 1.000
Canada Life GT Annually Periodically yes 75,000 0.800 0.800 0.800 0.850 0.900 1.250
Empire Life LD Annually Periodically yes 10,000 0.625 0.625 0.750 0.875 1.125 1.250
Empire Life LD Annually Periodically yes 50,000 0.750 0.750 0.875 1.000 1.250 1.375
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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 March 28, 2015

This information is current as of the date and time posted and is subject to change without notice.

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