A Registered Retirement Income Fund (RRIF) is a plan where you receive regular payments during retirement so that you have a steady stream of income.
At the age of 71, all RRSPs must be transferred into an RRIF, Annuity, or Life Income Fund. As a member of the credit union, we can easily roll your RRSPs into a RRIF and establish a payment plan that works for you!
Interest can be paid annually or compounded and paid at maturity.
|
Term
|
$500
|
$10,000
|
$25,000
|
$50,000
|
$100,000
|
|---|---|---|---|---|---|
|
1 year
|
3.45%
|
3.70%
|
3.90%
|
4.00%
|
4.20%
|
|
2 year
|
3.40%
|
3.60%
|
3.70%
|
3.80%
|
4.15%
|
|
3 year
|
3.30%
|
3.40%
|
3.50%
|
3.60%
|
3.95%
|
|
4 year
|
3.20%
|
3.30%
|
3.40%
|
3.45%
|
3.90%
|
|
5 year
|
3.05%
|
3.20%
|
3.30%
|
3.40%
|
3.80%
|
Factor |
Rate |
|---|---|
|
Interest is paid semi-annually: June and December |
0.25% |