Savings Rates | RRIFs: 1 to 6 years

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Sorted by: Payment Frequency 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
Laurentian Bank Canada LD Not compounded Semi-annually no 500 0.600 0.750 0.900 1.050 1.250 -
Oaken Financial LD Not compounded Semi-annually no 10,000 2.000 2.200 2.300 2.400 2.500 -
Laurentian Bank Canada LD Not compounded Quarterly no 500 0.600 0.750 0.900 1.050 1.250 -
Oaken Financial LD Not compounded Quarterly no 10,000 2.000 2.200 2.300 2.400 2.500 -
BMO Bank of Montreal LD Annually Periodically no 500 0.850 1.050 1.150 1.250 1.500 1.500
Canada Life GT Annually Periodically yes 1,000 0.150 0.200 0.400 0.550 0.700 0.850
Canada Life GT Annually Periodically yes 25,000 0.275 0.325 0.525 0.675 0.825 0.975
Canada Life GT Annually Periodically yes 75,000 0.400 0.450 0.650 0.800 0.950 1.100
Empire Life LD Annually Periodically yes 10,000 0.600 0.600 0.750 0.850 1.500 1.200
Empire Life LD Annually Periodically yes 50,000 0.725 0.725 0.875 0.975 1.625 1.325
Empire Life LD Annually Periodically yes 100,000 0.850 0.850 1.000 1.100 1.750 1.450
London Life GT Annually Periodically yes 25,000 0.275 0.325 0.525 0.675 0.825 -
London Life GT Annually Periodically yes 10,000 0.050 0.050 0.050 0.050 0.200 -
London Life GT Annually Periodically yes 100,000 0.400 0.450 0.650 0.800 0.950 -
Manulife Investments GT Annually Periodically yes 2,500 0.400 0.450 0.700 0.800 0.950 1.050
Empire Life LD Annually Monthly yes 10,000 0.350 0.350 0.500 0.600 1.250 0.950
Empire Life LD Annually Monthly yes 50,000 0.475 0.475 0.625 0.725 1.375 1.075
Empire Life LD Annually Monthly yes 100,000 0.600 0.600 0.750 0.850 1.500 1.200
Great-West Life LD Not compounded Monthly yes 50,000 0.300 0.350 0.550 0.700 0.850 1.000
Great-West Life LD Not compounded Monthly yes 25,000 0.175 0.225 0.425 0.575 0.725 0.875
Great-West Life LD Not compounded Monthly yes 2,000 0.050 0.100 0.300 0.450 0.600 0.750
Laurentian Bank Canada LD Not compounded Monthly no 500 0.500 0.500 0.650 0.800 1.000 -
Oaken Financial LD Not compounded Monthly no 10,000 2.000 2.200 2.300 2.400 2.500 -
Bk Nova Scotia Mtg. Corp LD Annually At maturity no 1,000 0.900 1.100 1.150 1.300 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 Annually At maturity yes 50,000 0.400 0.450 0.650 0.800 0.950 1.100
Great-West Life LD Annually At maturity yes 25,000 0.275 0.325 0.525 0.675 0.825 0.975
Great-West Life LD Annually At maturity yes 2,000 0.150 0.200 0.400 0.550 0.700 0.850
Laurentian Bank Canada LD Annually At maturity no 500 0.850 1.000 1.150 1.300 1.500 -
Luminus Financial LD Annually At maturity no 500 1.300 1.400 1.500 1.650 1.750 -
Manulife Investments LD Annually At maturity yes 2,500 0.400 0.450 0.700 0.800 0.950 1.050
National Bank LD Annually At maturity yes 500 0.900 1.100 1.200 1.350 1.500 1.600
Oaken Financial LD Annually At maturity no 10,000 2.000 2.200 2.300 2.400 2.500 -
TD Canada Trust LD Annually At maturity no 500 0.850 0.900 1.000 1.050 1.500 -
WFCU Credit Union LD Annually At maturity no 500 0.850 0.950 1.050 1.150 1.400 -
B2B Bank LD Annually Annually no 1,000 1.300 1.610 1.710 1.700 1.760 -
Effort Trust LD Annually Annually no 1,000 1.500 1.750 1.750 1.800 1.850 -
Great-West Life LD Not compounded Annually yes 500 0.150 0.200 0.400 0.550 0.700 0.850
Great-West Life LD Not compounded Annually yes 50,000 0.400 0.450 0.650 0.800 0.950 1.100
Great-West Life LD Not compounded Annually yes 25,000 0.275 0.325 0.525 0.675 0.825 0.975
Laurentian Bank Canada LD Not compounded Annually no 500 0.850 1.000 1.150 1.300 1.500 -
Manulife Investments LD Not compounded Annually yes 2,500 0.400 0.450 0.700 0.800 0.950 1.050
Oaken Financial LD Not compounded Annually no 10,000 2.000 2.200 2.300 2.400 2.500 -
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 5,000 1.000 1.100 1.150 1.200 1.700 -
Rapport Credit Union LD Not compounded Annually no 10,000 1.000 1.350 1.400 1.450 1.900 -
Rapport Credit Union LD Not compounded Annually no 20,000 1.250 1.350 1.400 1.450 1.900 -
Rapport Credit Union LD Not compounded Annually no 40,000 1.250 1.350 1.400 1.450 2.100 -
Rapport Credit Union LD Not compounded Annually no 1,000 1.000 1.100 1.150 1.200 1.700 -
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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 September 29, 2016

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

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