Registered Retirement Income Fund (RRIF)
- $5000 minimum deposit.
- Payment options include monthly, quarterly, semi-annually, or annually.
- Minimum withdrawals in accordance with legislation.
- One extra withdrawal of 20% maximum of opening or anniversary balance allowed per year.
- 1 year redeemable term is redeemable after 90 days without penalty.
- Terms of 1-7 year non-redeemable.
- Interest paid on anniversary and maturity calculated on minimum daily balance.
- FREE descriptive statement provided semi-annually.
- Transfer out fees apply