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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 | ||||||
| Great-West Life | LD | Annually | At maturity | yes | 50,000 | 1.950 | 2.650 | 2.650 | 2.650 | - | - |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Great-West Life | LD | Not compounded | Annually | yes | 50,000 | 1.950 | 2.650 | 2.650 | 2.650 | - | - |
| London Life | GT | Annually | Periodically | yes | 100,000 | 1.950 | - | 2.650 | 2.650 | 2.650 | 2.650 |
| Great-West Life | LD | Annually | At maturity | yes | 25,000 | 1.825 | 2.525 | 2.525 | 2.525 | - | - |
| 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 |
| Great-West Life | LD | Annually | At maturity | yes | 2,000 | 1.700 | 2.400 | 2.400 | 2.400 | - | - |
| Great-West Life | LD | Not compounded | Annually | yes | 500 | 1.700 | 2.400 | 2.400 | 2.400 | - | - |
| 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 |
| Standard Life | GT | Annually | Periodically | yes | 500,000 | 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 | 100,000 | 2.350 | 2.350 | 2.350 | 2.350 | 2.350 | - |
| Standard Life | GT | Annually | Periodically | yes | 10,000 | 2.350 | 2.350 | 2.350 | 2.350 | 2.350 | - |
| Standard Life | GT | Annually | Periodically | yes | 50,000 | 2.350 | 2.350 | 2.350 | 2.350 | 2.350 | - |
| BMO Bank of Montreal | LD | Annually | Periodically | no | 500 | 2.300 | 2.300 | 2.300 | 2.300 | 2.300 | - |
| Great-West Life | LD | Not compounded | Monthly | yes | 50,000 | 1.450 | 2.150 | 2.150 | 2.150 | - | - |
| Sun Life - Insurance | LD | Annually | Annually | yes | 5,000 | 1.900 | 1.900 | 1.900 | 2.100 | 2.150 | 2.150 |
| Great-West Life | LD | Not compounded | Monthly | yes | 25,000 | 1.325 | 2.025 | 2.025 | 2.025 | - | - |
| Great-West Life | LD | Not compounded | Monthly | yes | 2,000 | 1.200 | 1.900 | 1.900 | 1.900 | 1.900 | - |
| London Life | GT | Annually | Periodically | yes | 10,000 | 1.200 | - | 1.900 | 1.900 | 1.900 | 1.900 |
| Desjardins Fin. Security | GT | Annually | Periodically | yes | 500 | 1.850 | 1.850 | 1.850 | 1.850 | 1.850 | - |
| Bk Nova Scotia Mtg. Corp | LD | Annually | At maturity | no | 1,000 | 2.100 | - | - | - | - | - |
| Canada Life | GT | Annually | Periodically | yes | 75,000 | 1.950 | - | - | - | - | - |
| Canada Life | GT | Annually | Periodically | yes | 25,000 | 1.825 | - | - | - | - | - |
| Canada Life | GT | Annually | Periodically | yes | 1,000 | 1.700 | - | - | - | - | - |
| Empire Life | LD | Not compounded | Monthly | yes | 50,000 | 1.875 | - | - | - | - | - |
| Empire Life | LD | Not compounded | Monthly | yes | 100,000 | 2.000 | - | - | - | - | - |
| Empire Life | LD | Not compounded | Annually | yes | 100,000 | 2.250 | - | - | - | - | - |
| Empire Life | LD | Not compounded | Annually | yes | 50,000 | 2.125 | - | - | - | - | - |
| - | LD | Not compounded | Monthly | yes | 10,000 | 1.750 | - | - | - | - | - |
| - | LD | Not compounded | Annually | yes | 10,000 | 2.000 | - | - | - | - | - |
| National Bank | LD | Annually | At maturity | yes | 500 | 2.400 | - | - | - | - | - |
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 18, 2013
This information is current as of the date and time posted and is subject to change without notice.
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