Control your finances during your retirement years while enjoying competitive returns with a Registered Retirement Income Fund (RRIF). You choose the income frequency, payment amount, and where the money goes. Benefit from variable or fixed rate plans, and earn a competitive, guaranteed interest rate on your retirement income as you continue to enjoy tax benefits. All RRSP funds must be converted to a registered income fund during the year you turn 71.
Deposits held in registered savings plans are separately insured from the deposits held in other accounts. All funds held in RRIF plans are fully insured through the Deposit Insurance Corporation of Ontario with no limit on the maximum amount.
| 60 - 179 days | 0.50% |
| 180 - 269 days | 1.00% |
| 270 - 364 days | 1.00% |
| 12 to less than 15 months | 1.30% |
| 15 to less than 18 months | 1.30% |
| 18 to less than 24 months | 1.30% |
| 24 to less than 30 months | 1.30% |
| 30 to less than 36 months | 1.65% |
| 3 to less than 4 years | 1.80% |
| 4 to less than 5 years | 1.60% |
| 5 to less than 7 years | 2.20% |
| 7 years | 2.25% |