RRIF GIC

Your savings shouldn’t stop working when you do. Continue to earn a great return on your savings in retirement while keeping them tax-sheltered with Achieva’s Registered Retirement Income Fund (RRIF) GICs.

Registered Retirement Income Fund (RRIF)

At age 71, the Canada Revenue Agency (CRA) requires you to convert your RRSP to a RRIF. If you already have an RRSP with Achieva, it can remain tax-sheltered and easily transitioned to a RRIF. Your new Achieva RRIF GIC provides a secure source of income to you during retirement. RRIFs at other financial institutions can also be easily transferred to Achieva, maximizing your interest earned and simplifying your income stream during retirement.

A RRIF allows you flexibility and self-direction of your income in retirement. When you open your RRIF, establish a payment schedule that works for you.

Deposit Guarantee

All deposits guaranteed without limit by the Deposit Guarantee Corporation of Manitoba.

Key Benefits

  • Among the highest GIC rates in Canada
  • Maintain your RRIF savings tax deferred until withdrawn
  • Minimum $1,000 per RRIF GIC ($5,000 minimum account balance)
  • Transfers from other financial institutions to your Achieva RRIF can easily be arranged
  • All deposits guaranteed without limit by the Deposit Guarantee Corporation of Manitoba
GIC/RRSP/RRIF/TFSA
*min deposit $1000
Term
Interest rate
1 Year
Effective
November 26, 2022
4.70
%
2 Year
Effective
November 26, 2022
4.75
%
3 year
Effective
November 26, 2022
4.80
%
4 year
Effective
November 26, 2022
4.90
%
5 year
Effective
November 26, 2022
5.00
%

GIC interest rates quoted are per annum, with interest calculated and paid on each 12 month anniversary date, and at maturity. Term rates are guaranteed for their specific duration and are not redeemable prior to maturity.

Looking for other retirement savings options?
Achieva also offers Locked-In Retirement Accounts (LIRAs) and Life Income Funds (LIFs). Please contact our Customer Support Centre for further information.