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RRIF GICs

RRIF GIC Rates in Canada

A RRIF requires a minimum withdrawal each year, so GIC maturities need to line up with the income you must take. Compare fixed-term options that may be available for RRIF funds.

Last updated: August 18, 2026 · Reviewed by GICRateCompare editorial team

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Fixed-term options currently under review

GICRateCompare.com compares fixed-term, non-redeemable GIC options only. Cashable and redeemable GICs exist in the wider Canadian market but are not offered through this service.

Rates last reviewed: August 18, 2026All options shown are fixed-term, non-redeemable GICs.
Rates are subject to change and may depend on deposit amount, province, account type, eligibility and provider availability. Displayed rates are indicative and must be confirmed before any funds are placed.
GICRateCompare.com compares fixed-term, non-redeemable GIC options only. Cashable and redeemable GICs exist in the wider Canadian market but are not offered through this service.
How we collect and verify rates
Available through participating provider
Bank · Non-redeemable
5.35%
Fixed · indicative
5 years
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, RRIF, FHSA, Corporate
Deposit protection
CDIC member institution (eligibility rules apply)

Last verified August 18, 2026

Available through participating provider
Broker · Non-redeemable
5.25%
Fixed · indicative
4 years
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, RRIF, Corporate, Trust, Estate
Deposit protection
Any coverage applies per issuer

Last verified August 18, 2026

Available through participating provider
Credit Union · Non-redeemable
5.15%
Fixed · indicative
3 years
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, RRIF, RESP
Deposit protection
Provincial credit-union coverage may apply

Last verified August 18, 2026

Available through participating provider
Bank · Non-redeemable
5.05%
Fixed · indicative
2 years
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, Corporate
Deposit protection
CDIC member institution (eligibility rules apply)

Last verified August 18, 2026

Available through participating provider
Trust Company · Non-redeemable
4.95%
Fixed · indicative
1 year
Min deposit
$50,000
Last verified
August 18, 2026
Account eligibility
Non-registered, TFSA, RRSP, RRIF, FHSA
Deposit protection
CDIC member institution (eligibility rules apply)

Last verified August 18, 2026

Matching GIC terms to RRIF withdrawals

  • Minimum annual withdrawals are set by a prescribed factor based on age.
  • Holding every dollar in a long non-redeemable term can leave no liquid funds for the required withdrawal.
  • Many RRIF holders stagger maturities so cash is available each year.

What to confirm with the institution

  • Whether the product is offered for RRIF accounts specifically.
  • How the required annual withdrawal will be funded before maturity.
  • Interest payment frequency — monthly or annual interest can help fund withdrawals.
  • Withholding tax treatment on amounts above the minimum.

Before you proceed

Account registration rules are set by the issuing institution and the Canada Revenue Agency, not by GICRateCompare.com. Confirm contribution room, transfer procedures and product eligibility before moving funds.

GICRateCompare.com compares fixed-term, non-redeemable GIC options only. Cashable and redeemable GICs exist in the wider Canadian market, but they are not offered through this service.

Common questions

Can a RRIF GIC be cashed early to fund a withdrawal?

Non-redeemable GICs generally cannot be cashed early. Plan maturities or interest payments so the required withdrawal can be met.

Are RRIF GIC withdrawals taxable?

RRIF withdrawals are generally included in taxable income. Confirm your own position with a qualified tax professional.

Should all RRIF funds go into one term?

Many RRIF holders use staggered maturities instead, so that funds become available each year. This is general information, not personal advice.

Where a suitable option is identified, a participating provider, deposit broker or licensed representative may contact you to discuss available GIC options.

Rates are subject to change and may depend on deposit amount, province, account type, eligibility and provider availability. Displayed rates are indicative and must be confirmed before any funds are placed.

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