Savings Rates | RRIFs: 1 to 6 years

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Sorted by: Min. Deposit 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
Kindred Credit Union GT Annually Periodically no 250,000 1.350 1.750 2.050 2.150 2.200 -
Empire Life LD Annually Periodically yes 100,000 0.850 1.000 1.100 1.350 1.850 1.450
Empire Life LD Annually Monthly yes 100,000 0.600 0.750 0.850 1.100 1.600 1.200
Kindred Credit Union GT Annually Periodically no 100,000 1.300 1.700 2.000 2.100 2.150 -
London Life GT Annually Periodically yes 100,000 0.550 0.600 0.850 1.100 1.250 -
Rapport Credit Union LD Not compounded Annually no 100,000 1.400 1.500 1.550 1.600 2.000 -
Canada Life GT Annually Periodically yes 75,000 0.550 0.600 0.850 1.100 1.250 1.400
Rapport Credit Union LD Not compounded Annually no 60,000 1.400 1.500 1.550 1.600 2.000 -
Empire Life LD Annually Monthly yes 50,000 0.475 0.625 0.725 0.975 1.475 1.075
Empire Life LD Annually Periodically yes 50,000 0.725 0.875 0.975 1.225 1.725 1.325
Great-West Life LD Annually At maturity yes 50,000 0.550 0.600 0.850 1.100 1.250 1.400
Great-West Life LD Not compounded Monthly yes 50,000 0.450 0.500 0.750 1.000 1.150 1.300
Great-West Life LD Not compounded Annually yes 50,000 0.550 0.600 0.850 1.100 1.250 1.400
Kindred Credit Union GT Annually Periodically no 50,000 1.300 1.600 1.900 2.000 2.050 -
Rapport Credit Union LD Not compounded Annually no 40,000 1.250 1.350 1.400 1.450 1.900 -
Canada Life GT Annually Periodically yes 25,000 0.550 0.600 0.850 1.100 1.250 1.400
Great-West Life LD Annually At maturity yes 25,000 0.550 0.600 0.850 1.100 1.250 1.400
Great-West Life LD Not compounded Annually yes 25,000 0.550 0.600 0.850 1.100 1.250 1.400
Great-West Life LD Not compounded Monthly yes 25,000 0.450 0.500 0.750 1.000 1.150 1.300
Kindred Credit Union GT Annually Periodically no 25,000 1.300 1.500 1.800 1.950 2.000 -
London Life GT Annually Periodically yes 25,000 0.550 0.600 0.850 1.100 1.250 -
Rapport Credit Union LD Not compounded Annually no 20,000 1.250 1.350 1.400 1.450 1.900 -
Empire Life LD Annually Monthly yes 10,000 0.350 0.500 0.600 0.850 1.350 0.950
Empire Life LD Annually Periodically yes 10,000 0.600 0.750 0.850 1.100 1.600 1.200
London Life GT Annually Periodically yes 10,000 0.550 0.600 0.850 1.100 1.250 -
Oaken Financial LD Not compounded Monthly no 10,000 2.750 2.950 3.050 3.150 3.250 -
Oaken Financial LD Not compounded Annually no 10,000 2.750 2.950 3.050 3.150 3.250 -
Oaken Financial LD Not compounded Semi-annually no 10,000 2.750 2.950 3.050 3.150 3.250 -
Oaken Financial LD Not compounded Quarterly no 10,000 2.750 2.950 3.050 3.150 3.250 -
Oaken Financial LD Annually At maturity no 10,000 2.750 2.950 3.050 3.150 3.250 -
Rapport Credit Union LD Not compounded Annually no 10,000 1.000 1.100 1.150 1.200 1.700 -
Rapport Credit Union LD Not compounded Annually no 5,000 1.000 1.100 1.150 1.200 1.700 -
Sun Life - Insurance LD Annually Annually yes 5,000 0.850 0.850 0.850 1.450 1.650 1.800
Sun Life - Trust LD Annually Annually no 5,000 1.050 1.150 1.250 1.500 1.850 2.100
Sun Life - Trust LD Annually Annually yes 5,000 0.850 0.850 0.850 1.450 1.650 1.800
Manulife Investments LD Not compounded Annually yes 2,500 0.400 0.600 0.900 1.050 1.250 1.350
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
Great-West Life LD Annually At maturity yes 2,000 0.550 0.600 0.850 1.100 1.250 1.400
Great-West Life LD Not compounded Monthly yes 2,000 0.450 0.500 0.750 1.000 1.150 1.300
B2B Bank LD Annually Annually no 1,000 1.200 1.820 1.920 1.950 2.200 -
Bk Nova Scotia Mtg. Corp LD Annually At maturity no 1,000 0.900 1.100 1.150 1.300 1.500 1.500
Canada Life GT Annually Periodically yes 1,000 0.550 0.600 0.850 1.100 1.250 1.400
Effort Trust LD Annually Annually no 1,000 2.200 2.400 2.450 2.500 2.550 -
PACE Savings & Credit Un LD Not compounded Annually no 1,000 1.000 1.200 1.400 1.500 1.600 -
Parama Credit Union LD Not compounded Annually no 1,000 1.600 1.750 1.900 2.050 2.200 -
Rapport Credit Union LD Not compounded Annually no 1,000 1.000 1.100 1.150 1.200 1.700 -
BMO Bank of Montreal LD Annually Periodically no 500 0.850 1.050 1.150 1.250 1.500 1.500
CIBC LD Annually At maturity no 500 0.550 0.650 0.850 1.050 1.250 -
Great-West Life LD Not compounded Annually yes 500 0.550 0.600 0.850 1.100 1.250 1.400
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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 June 22, 2017

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

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