Registered Retirement Income Fund (RRIF)
Get the most out of your savings once you retire. Convert your RRSP to an RRIF and enjoy your retirement while the rest of your money continues to grow.
What is a RRIF?
A RRIF is a plan that converts your RRSP savings into income after retirement. Instead of cashing in all your RRSP savings at once (and paying income tax on the total amount), an RRIF allows you to make withdrawals as you need them and lets the rest of your money continue to grow, tax-sheltered.
RRIF features you’re sure to enjoy
Enjoy flexible savings options
Your savings stay in your pocket
Access your money as you need it
Take advantage of Pension Income Credit
Choose the RRIF solution that’s best for you
Variable savings
Choose this competitive interest, variable-rate savings option while you decide the best way to invest your funds.
- Earn interest right from dollar one
- Interest calculated on a minimum monthly balance and paid annually on December 31
- Deposits are guaranteed 100% by the Deposit Guarantee Corporation of Manitoba*
GICs
Choose a term length that works for you and earn a guaranteed rate of return.
- Choose from convenient 1- to 5-year terms with a minimum investment of $500
- Interest is paid annually and can be compounded (added to the GIC) or paid out to your account
- Tiered interest rates start at $100,000 and are paid on the entire balance
- Deposits are guaranteed 100% by the Deposit Guarantee Corporation of Manitoba*
Mutual funds
Mutual funds are a good way to diversify your savings portfolio and you can benefit from our knowledgeable advisors and professional investment management to meet your financial goals.
- Choose from a broad assortment of professionally managed mutual funds**
- Diversification for a portfolio that’s custom tailored to your needs and risk tolerance
- Convenient and simple way to invest in a variety of securities
Contact our wealth management team
We believe everyone can benefit from working with a wealth advisor, whether you're just starting out, building your wealth, or planning to leave a legacy.
Get in touch with a wealth advisorRRIF rates
| GIC (RRSP / RRIF / TFSA / FHSA) | ||
|---|---|---|
| 12-month | Less than $100K | 3.85% |
| $100K - $249,999 | 3.90% | |
| $250K** and over | 3.95% | |
| 24-month | Less than $100K | 3.85% |
| $100K - $249,999 | 3.90% | |
| $250K** and over | 3.95% | |
| 36-month | Less than $100K | 3.55% |
| $100K - $249,999 | 3.60% | |
| $250K** and over | 3.65% | |
| 48-month | Less than $100K | 3.55% |
| $100K - $249,999 | 3.60% | |
| $250K** and over | 3.65% | |
| 60-month | Less than $100K | 3.55% |
| $100K - $249,999 | 3.60% | |
| $250K** and over | 3.65% |
| TFSA (variable) | 2.60% |
|---|
*Includes all savings and chequing accounts, RRSPs, RRIFs, TFSAs, FHSAs, and GICs.
**Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.
Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.
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