Insurance Becomes an Annuity

2013 Canadian Best GIC & RRSP Interest Rates

How to get the best GIC & RRSP interest rates in Canada?

Our GIC & RRSP interest rates tables compare the Best Interest Rates in Canada. Canadians who want to invest in Guaranteed Investment Certificates (GIC) or Registered Retirement Savings Plans (RRSP) can choose from the list of the best interest rates from all the Canadian banks, trust companies, credit unions and insurance companies in Canada.

2013 GIC Interest Rates (GIC non-registered)

Best GIC Interest rates as of January 29, 2013

Financial Institution MinimumDeposit Term in Years
1 2 3 4 5
Bank of Montreal Agt S. 1,000 1.150 1.300 1.400 1.600 2.050
Bank of Nova Scotia Agt 1,000 1.450 1.700 1.900 2.200 2.350
Canadian Tire Bank Agt. 5,000 1.350 1.700 1.900 2.000 2.400
Canadian Western Bank 5,000 1.500 1.900 2.050 2.200 2.350
Coast Capital Svgs Agt. 1,000 2.000 2.100 2.250 2.350 2.500
Concentra Fin. Agt Ser. 10,000 1.150 1.300 1.400 1.600 2.000
HSBC Bank Canada Agt. S 5,000 1.550 1.900 2.000 2.200 2.400
HSBC Mortgage Corp. Agt 5,000 1.550 1.900 2.000 2.200 2.400
HSBC Trust Agent Servic 5,000 1.550 1.900 2.000 2.200 2.400
ICICI Bank Canada 1,000 .250 .500 1.000 1.000 1.000
Laurentian Bk Agent Ser 1,000 1.450 1.900 2.050 2.150 2.350
Montreal Trust Agt. Ser 1,000 1.450 1.700 1.900 2.200 2.350
NatCan Trust Agent Ser. 1,000 1.550 1.900 2.050 2.250 2.450
National Bank Agent Ser 1,000 1.550 1.900 2.050 2.250 2.450
National Trust Agent S. 1,000 1.450 1.700 1.900 2.200 2.350
Royal Bank 5,000 1.450 1.700 1.900 2.150 2.300
Scotia Mtge Corp. Agt. 1,000 1.450 1.700 1.900 2.200 2.350
Vancity Savings 5,000 1.650 1.750 2.100 2.150 2.250
AGF Trust 5,000 1.450 1.900 2.050 2.150 2.350
ATB Financial 1,000 1.400 1.550 1.750 1.650 2.000
AcceleRate Financial 1,000 2.050 2.250 2.450 2.600 2.850
Achieva Financial 1,000 2.050 2.250 2.450 2.600 2.850
Advisor’s Advantage Tr. 1,000 1.450 1.550 1.800 2.050 2.200
Alterna Bank 500 1.450 1.750 1.950 2.000 2.300
Alterna Savings 500 1.450 1.750 1.950 2.000 2.300
B2B Bank 1,000 1.450 1.900 2.050 2.150 2.350
Bank West 5,000 1.500 1.800 1.950 2.050 2.100
Boomerang Credit Union 500 1.100 1.200 1.350 1.600 1.900
Caisses Desjardins 1,000 .900 1.200 1.250 1.600 1.750
Canada Life 1,000 .800 1.050 1.200 1.250 1.300
Canadian Western Trust 5,000 1.250 1.350 1.600 1.850 2.200
Community Trust 1,000 1.200 1.550 1.750 1.800 2.050
DUCA Financial Services 500 1.450 1.700 1.900 2.000 2.250
Desjardins Fin. Security 500 1.050 1.150 1.450 1.650 1.850
Dundee Bank of Canada 1,000 1.450 1.700 1.900 2.200 2.350
Effort Trust 5,000 1.600 1.900 2.100 2.200 2.350
Empire Life 500 1.250 1.625 1.875 1.875 2.000
Equitable Life 500 .700 1.750 2.000 1.550 1.600
Equitable Trust 5,000 1.500 1.800 2.000 2.100 2.400
Equity Financial Trust 5,000 1.650 1.900 2.100 2.150 2.250
Fiducie Desjardins 1,000 .900 1.200 1.250 1.600 1.750
First Calgary Financial 500 1.250 1.650 1.950 2.000 2.300
FirstOntario Credit Un. 500 1.600 1.650 1.900 2.100 2.400
General Bank of Canada 5,000 1.500 1.750 1.900 2.000 2.200
Great-West Life 500 1.050 1.300 1.450 1.500 1.550
HomEquity Bank 5,000 1.500 1.850 1.900 2.100 2.500
Home Trust Company 5,000 1.650 1.900 2.100 2.250 2.450
ING Bank of Canada (CFN) 5,000 1.500 1.850 2.000 2.150 2.350
Industrial Alliance 1,000 .900 1.450 1.850 1.900 1.950
Korea Exchange Bank 3,500 1.400 1.700 1.850 2.000 2.150
Libro Financial Group 1,000 1.100 1.600 1.750 1.950 2.100
London Life 10,000 1.050 1.300 1.450 1.500 1.550
MAXA Financial 500 2.050 2.250 2.450 2.600 2.850
MCAN Mortgage Corp. 5,000 1.750 2.050 2.000 1.650 1.950
Manulife Bank 2,500 1.400 1.650 2.000 2.250 2.450
Manulife Investments 2,500 1.550 1.800 1.950 1.950 1.950
Manulife Trust 2,500 1.400 1.650 2.000 2.250 2.450
MonCana Bank of Canada 5,000 1.200 1.500 1.700 1.800 1.900
Outlook Financial 1,000 2.050 2.250 2.450 2.600 2.850
PACE Savings & Credit Un 1,000 1.200 1.500 1.600 1.750 2.100
Pacific & Western Bank 1,000 1.660 1.850 2.050 2.150 2.350
Parama Credit Union 1,000 1.600 1.750 2.000 2.100 2.300
Peace Hills Trust 1,000 1.450 1.850 2.050 2.100 2.250
Peoples Trust 5,000 1.660 1.800 1.950 2.000 2.200
President’s Choice Bank 500 .850 1.300 1.700 1.850 2.050
ResMor Trust 10,000 1.400 1.800 2.000 2.100 2.300
Servus Credit Union 1,000 1.150 1.300 1.400 1.600 2.000
Standard Life 1,000 1.500 1.700 1.875 1.950 2.000
Sun Life – Insurance 1,000 1.300 1.600 1.700 1.850 2.000
Sun Life – Trust 1,000 1.500 1.850 2.000 2.200 2.450
Teachers Credit Union 500 1.400 1.650 2.100 2.350 2.500
Windsor Family C.U. 500 .900 1.300 1.400 1.600 2.100
Your Neighbourhood C.U. 500 1.700 1.850 1.950 2.100 2.350

2013 RRSP Interest Rates (GIC registered)

Best RRSP Interest rates as of January 29, 2013

Financial Institution MinimumDeposit Term in Years
1 2 3 4 5
Bank of Montreal Agt S. 1,000 .010 .010 .010 .010 .010
Bank of Nova Scotia Agt 1,000 1.450 1.700 1.900 2.200 2.350
Coast Capital Svgs Agt. 1,000 2.000 2.100 2.250 2.350 2.500
Concentra Fin. Agt Ser. 10,000 1.150 1.300 1.400 1.600 2.000
HSBC Bank Canada Agt. S 5,000 1.550 1.900 2.000 2.200 2.400
HSBC Mortgage Corp. Agt 5,000 1.550 1.900 2.000 2.200 2.400
HSBC Trust Agent Servic 5,000 1.550 1.900 2.000 2.200 2.400
ICICI Bank Canada 1,000 .250 .500 1.000 1.000 1.000
Laurentian Bk Agent Ser 1,000 1.450 1.900 2.050 2.150 2.350
Montreal Trust Agt. Ser 1,000 1.450 1.700 1.900 2.200 2.350
NatCan Trust Agent Ser. 500 1.550 1.900 2.050 2.250 2.450
National Bank Agent Ser 500 1.550 1.900 2.050 2.250 2.450
National Trust Agent S. 1,000 1.450 1.700 1.900 2.200 2.350
Scotia Mtge Corp. Agt. 1,000 1.450 1.700 1.900 2.200 2.350
AGF Trust 5,000 1.450 1.900 2.050 2.150 2.350
ATB Financial 500 1.400 2.250 1.750 1.650 2.000
AcceleRate Financial 500 2.050 2.250 2.450 2.600 2.850
Achieva Financial 500 2.050 2.250 2.450 2.600 2.850
Advisor’s Advantage Tr. 1,000 .010 .010 .010 .010 .010
Alterna Bank 500 1.450 1.750 1.950 2.000 2.300
Alterna Savings 500 1.450 1.750 1.950 2.000 2.300
B2B Bank 1,000 1.450 1.900 2.050 2.150 2.350
Caisses Desjardins 500 .900 1.200 1.250 1.600 1.750
Canada Life 1,000 1.050 1.300 1.450 1.500 1.550
Canadian Western Trust 5,000 1.250 1.350 1.600 1.850 2.200
Community Trust 1,000 1.450 1.800 2.000 2.050 2.300
DUCA Financial Services 500 1.450 1.700 1.900 2.000 2.250
Desjardins Fin. Security 500 1.050 1.150 1.450 1.650 1.850
Effort Trust 1,000 1.600 1.900 2.100 2.200 2.350
Empire Life 500 1.250 1.625 1.875 1.875 2.000
Equitable Life 500 .700 1.750 2.000 1.550 1.600
Fiducie Desjardins 1,000 1.200 1.250 1.600 1.750
First Calgary Financial 500 1.250 1.650 1.950 2.000 2.300
FirstOntario Credit Un. 500 1.600 1.650 1.900 2.100 2.400
Great-West Life 500 1.050 1.300 1.450 1.500 1.550
Home Trust Company 1,000 1.650 1.900 2.100 2.250 2.450
Industrial Alliance 1,000 .900 1.450 1.850 1.900 1.950
London Life 1,000 1.050 1.300 1.450 1.500 1.550
MCAN Mortgage Corp. 5,000 1.750 2.050 2.000 1.650 1.950
Manulife Bank 2,500 1.400 1.650 2.000 2.250 2.450
Manulife Investments 2,500 1.550 1.800 1.950 1.950 1.950
Outlook Financial 1,000 2.050 2.250 2.450 2.600 2.850
PACE Savings & Credit Un 1,000 1.200 1.500 1.600 1.750 2.100
Pacific & Western Bank 1,000 1.660 1.850 2.050 2.150 2.350
Parama Credit Union 1,000 1.700 1.850 2.100 2.200 2.500
Peace Hills Trust 1,000 1.450 1.850 2.050 2.100 2.250
Peoples Trust 5,000 1.000 1.500 1.750 1.750 2.000
ResMor Trust 10,000 1.400 1.800 2.000 2.100 2.300
Servus Credit Union 500 1.150 1.300 1.400 1.600 2.000
Standard Life 1,000 1.500 1.700 1.875 1.950 2.000
Sun Life – Insurance 1,000 1.300 1.600 1.700 1.850 2.000
Sun Life – Trust 1,000 1.500 1.850 2.000 2.200 2.450
Windsor Family C.U. 500 .900 1.300 1.400 1.600 2.100
Your Neighbourhood C.U. 500 1.700 1.850 1.950 2.100 2.350

 REQUEST INFORMATION

If you think that today’s best interest rates in Canada are too low, you may be interested in an annuity that gives a higher monthly income, sometimes 3 to 4 times as much.

Get your free, no risk, no obligation annuity quote from the best insurance companies in Canada.

Insurance Becomes an Annuity

Canadian Annuity Rates Comparison 2011 to 2013

As we enter 2013, the Democrats and Republicans appear to have made an uneasy peace which bodes not much change is coming for 2013 Canadian annuity rates.

Is that such a great change from 2011 and 2012 where not much change was seen either.

Below are tables showing Annuity Rates Comparison from 2011 to 2013.

2013 Male Annuity Rates

annuity rates canada male single registered 2013

 

 

 

 

 

 

2013 Female Annuity Rates

annuity rates canada female single registered 2013

 

 

 

 

 

 

2012 Male Annuity Rates

annuity rates canada male single registered 2012

 

 

 

 

 

 

2012 Female Annuity Rates

annuity rates canada female single registered 2012

 

 

 

 

 

 

2011 Male Annuity Rates

annuity rates canada male single registered 2011

 

2011 Female Annuity Rates

annuity rates canada female single registered 2011

In examining the returns, it would appear that not much has changed. Those waiting for higher annuity rates to guarantee a higher monthly return are still waiting. Annuity rates depend on a few important factors, all or any of which should not concern the potential annuitants.

What the annuitant needs to be concerned about is their own age and lifestyle. You are not going to live forever and the longer you wait to take your income, the less you will receive. Even if the rates increase, you still need to make up for the payments you did not take and the increase in capital you did not earn.

Annuities in 2013 don’t show  any sign of major change, a little bit up and a little bit down, just like 2011 and 2012. Meanwhile you are getting older and losing valuable income if you don’t move.

You are not alone in waiting in the hope that change will come. We have one client, age 70 with a large amount earning less than 1% per year. He is losing money through lack of return and inflation and has been waiting for the rates to increase since 2010. Each year he has been offered progressively less and he has run out of time to maximize his income. Don’t be like this man.

Obtain your own annuity rate.

 

Insurance Becomes an Annuity

2013 Canadian Annuity Rates

These 2013 annuity rate tables show you the best annuity rates available as of January 1 st, 2013. Some of the top 10 leading annuity providers include BMO Insurance, Canada Life Insurance, Empire Life, Great West Life, Industrial Alliance, La Capitale,  Manulife Investments, Standard Life Insurance, Sun Life Assurance Company and Transamerica Life Canada

To read full article with 2012 and 2011 comparison tables, click the link   Annuity Rates Canada 2013.

The Tables below show the monthly incomes for annuity rates based on a premium of $100,000. Income starts in 1 month.

2013 Annuity Rates: Male | Non Registered

male single Non registered

2013 Annuity Rates: Male | Registered

Male single registered annuity rates as of 2013

2013 Annuity Rates: Female | Non Registered

annuity-rates-canada-female-single-nonregistered-2013

2013 Annuity Rates: Female | Registered

2013 Canadian Annuity Rates

 

 

 

 

 

 

2013 Annuity Rates: Joint | Non Registered

2013 Canadian Annuity Rates

 

 

 

 

 

2013 Annuity Rates: Joint | Registered

2013 Canadian Annuity Rates