Savings Rates | RRIFs: 1 to 6 years

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Sorted by: 3 Year Term in descending 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
Sun Life - Insurance LD Annually Annually yes 5,000 0.750 0.800 0.850 1.050 1.400 1.400
Sun Life - Trust LD Annually Annually yes 5,000 0.750 0.800 0.850 1.050 1.400 1.400
Empire Life LD Annually Monthly yes 50,000 0.625 0.625 0.750 0.875 1.000 1.125
Laurentian Bank Canada LD Not compounded Monthly no 500 0.500 0.600 0.750 0.900 1.250 -
Canada Life GT Annually Periodically yes 25,000 0.675 0.675 0.725 0.825 0.975 1.325
Great-West Life LD Not compounded Annually yes 25,000 0.675 0.675 0.725 0.825 0.975 1.325
Great-West Life LD Annually At maturity yes 25,000 0.675 0.675 0.725 0.825 0.975 1.325
London Life GT Annually Periodically yes 25,000 0.675 0.675 0.725 0.825 0.975 -
Empire Life LD Annually Monthly yes 10,000 0.500 0.500 0.625 0.750 0.875 1.000
Canada Life GT Annually Periodically yes 1,000 0.550 0.550 0.600 0.700 0.850 1.200
Great-West Life LD Not compounded Annually yes 500 0.550 0.550 0.600 0.700 0.850 1.200
Great-West Life LD Annually At maturity yes 2,000 0.550 0.550 0.600 0.700 0.850 1.200
Great-West Life LD Not compounded Monthly yes 50,000 0.300 0.300 0.350 0.450 0.600 0.950
Great-West Life LD Not compounded Monthly yes 25,000 0.175 0.175 0.225 0.325 0.475 0.825
Great-West Life LD Not compounded Monthly yes 2,000 0.050 0.050 0.100 0.200 0.350 0.700
London Life GT Annually Periodically yes 10,000 0.050 0.050 0.100 0.200 0.350 -
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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 This product is registered for tax purposes, so interest accumulations are not taxed until withdrawn.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 January 27, 2015

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

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