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
CIBC LD Annually At maturity no 500 0.550 0.650 0.850 1.050 1.250 -
Manulife Investments LD Not compounded Annually yes 2,500 0.400 0.600 0.850 1.000 1.200 1.300
Manulife Investments GT Annually Periodically yes 2,500 0.400 0.600 0.850 1.000 1.200 1.300
Manulife Investments LD Annually At maturity yes 2,500 0.400 0.600 0.850 1.000 1.200 1.300
Great-West Life LD Not compounded Monthly yes 50,000 0.650 0.700 0.800 1.050 1.200 1.350
Great-West Life LD Not compounded Monthly yes 2,000 0.650 0.700 0.800 1.050 1.200 1.350
Great-West Life LD Not compounded Monthly yes 25,000 0.650 0.700 0.800 1.050 1.200 1.350
Empire Life LD Annually Monthly yes 50,000 0.475 0.725 0.775 0.975 1.575 1.075
Empire Life LD Annually Monthly yes 10,000 0.350 0.600 0.650 0.850 1.450 0.950
Laurentian Bank Canada LD Not compounded Monthly no 500 0.500 0.500 0.650 0.800 1.000 -
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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 This product is registered for tax purposes, so interest accumulations are not taxed until withdrawn.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, 2017

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

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