Beneva
BMO Insurance
Canada Life
Desjardins Financial
Empire Life
Equitable Life
Great-West Life
Industrial Alliance
ivari
Manulife
RBC Insurance
Sun Life
Long Term (10 to 25 years) RRIF Rates
RRIF Interest Rates
| RRIFs: 10 to 25 years | ||||||||
|---|---|---|---|---|---|---|---|---|
| Financial Institution | Redeem- able |
Minimum Deposit |
Term In Years | |||||
| 10 | 12 | 15 | 19 | 20 | 25 | |||
| BMO Bank of Montreal | no | 500 | 2.0000 | - | - | - | - | - |
| Bk Nova Scotia Mtg. Corp | no | 1,000 | 2.0000 | - | - | - | - | - |
| Canada Life | yes | 500 | 1.7000 | - | - | - | - | - |
| Empire Life | yes | 10,000 | 1.5000 | - | - | - | - | - |
| Laurentian Bank Canada | no | 500 | 1.7000 | - | - | - | - | - |
| Manulife Investments | yes | 2,500 | 1.5500 | - | - | - | - | - |
| National Bank | yes | 500 | 1.5000 | - | - | - | - | - |
| Sun Life - Insurance | yes | 5,000 | 1.5500 | 1.5500 | 1.5500 | 1.7500 | 1.8000 | 1.8000 |
|
This table shows comparable but not identical products.
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 This product is registered for tax purposes, so interest accumulations are not taxed until withdrawn. |
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Prepared by CANNEX on May 5, 2021 at 08:09:18 ET. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2021 CANNEX Financial Exchanges Limited. All rights reserved. |