Registered: Long-Term RRIF Rates

RRIF Rates
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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 3.6000 - - - - -
Bk Nova Scotia Mtg. Corp no 1,000 3.1500 - - - - -
Canada Life yes 500 2.8500 - - - - -
Empire Life yes 10,000 2.8500 - - - - -
Laurentian Bank Canada no 500 3.6500 - - - - -
Manulife Investments yes 2,500 3.5500 - - - - -
National Bank yes 500 3.2500 - - - - -
Sun Life - Insurance yes 5,000 2.5000 2.3000 2.3000 2.2500 2.1500 2.0500
Sun Life - Trust no 5,000 2.5000 2.3000 2.3000 2.2000 2.1000 2.0500
Interest not compounded and paid annually.

Term deposits are investment products that offer a guaranteed rate of return for a pre-defined time period. The applicable interest rate varies according to the term of investment, the amount of money invested, the treatment of interest and whether or not the investment is redeemed prior to maturity. Term deposits are also known as GICs (Guaranteed Investment Certificates), or Accumulation Annuities when issued by an insurance company.

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