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 Annually no 500 0.850 1.100 1.250 1.400 1.750 -
Manulife Investments LD Not compounded Annually yes 2,500 0.750 1.200 1.350 1.600 1.700 1.750
Oaken Financial LD Not compounded Annually no 10,000 2.000 2.350 2.400 2.600 2.800 -
Ontario Civil Service CU LD Not compounded Annually no 1,000 1.000 1.100 1.350 1.600 1.900 -
Ontario Civil Service CU LD Not compounded Annually no 100,000 1.350 1.600 1.750 1.900 2.200 -
Ontario Civil Service CU LD Not compounded Annually no 60,000 1.350 1.600 1.750 1.900 2.200 -
Ontario Civil Service CU LD Not compounded Annually no 40,000 1.350 1.600 1.750 1.900 2.200 -
Ontario Civil Service CU LD Not compounded Annually no 20,000 1.300 1.450 1.500 1.750 2.050 -
Ontario Civil Service CU LD Not compounded Annually no 10,000 1.300 1.450 1.500 1.750 2.050 -
Ontario Civil Service CU LD Not compounded Annually no 5,000 1.000 1.100 1.350 1.600 1.900 -
PACE Savings & Credit Un LD Not compounded Annually no 1,000 1.200 1.300 1.600 1.750 2.100 -
Parama Credit Union LD Not compounded Annually no 1,000 1.650 1.900 2.150 2.350 2.550 -
Servus Credit Union LD Annually Annually no 5,000 1.250 1.350 1.400 1.600 2.000 -
Sun Life - Insurance LD Annually Annually yes 5,000 1.150 1.200 1.200 1.850 2.100 2.100
TD Canada Trust LD Not compounded Annually no 500 1.300 1.350 1.400 1.600 2.000 -
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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 This product is registered for tax purposes, so interest accumulations are not taxed until withdrawn.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 September 30, 2014

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

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