Savings Rates | RRIFs: 1 to 6 years

Page 2 of 2    << previous page 
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
Great-West Life LD Not compounded Monthly yes 25,000 0.700 0.750 1.000 1.250 1.400 1.550
TD Canada Trust LD Not compounded Annually no 500 0.850 0.900 1.000 1.050 1.500 -
TD Canada Trust LD Annually At maturity no 500 0.850 0.900 1.000 1.050 1.500 -
Empire Life LD Annually Monthly yes 10,000 0.600 0.850 0.950 1.150 1.650 1.200
Laurentian Bank Canada LD Not compounded Semi-annually no 500 0.600 0.750 0.900 1.050 1.250 -
Laurentian Bank Canada LD Not compounded Quarterly no 500 0.600 0.750 0.900 1.050 1.250 -
Manulife Investments GT Annually Periodically yes 2,500 0.400 0.600 0.900 1.050 1.250 1.350
Manulife Investments LD Annually At maturity yes 2,500 0.400 0.600 0.900 1.050 1.250 1.350
Manulife Investments LD Not compounded Annually yes 2,500 0.400 0.600 0.900 1.050 1.250 1.350
CIBC LD Annually At maturity no 500 0.550 0.650 0.850 1.050 1.250 -
Laurentian Bank Canada LD Not compounded Monthly no 500 0.500 0.500 0.650 0.800 1.000 -
Page 2 of 2    << previous page 

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 This product is registered for tax purposes, so interest accumulations are not taxed until withdrawn.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 July 26, 2017

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

© Copyright CANNEX Financial Exchanges Limited. All rights reserved.