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New Client Offer: Earn a special 6.00% Savings rate for 5 months.† 

RIF Savings Account

When you’re ready to start drawing income from your retirement savings, a Tangerine RIF Savings Account gives you a great rate with no minimum balances or unfair^ fees while you save with us.


Interest rate


Monthly fee


Minimum balance

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Great rate

Our rates are great at [[SAVINGS_RIF.RATE]] since [[SAVINGS_RIF.DATE]].

No minimum balance

Earn the same great rate on every dollar in your Account.

No unfair^ fees

Because we know that every penny counts, you won’t pay any unfair fees or service charges while you save with us.

What’s a RIF?

With a Tangerine RIF Savings Account, you can draw the retirement income you need while enjoying the benefits of our Tangerine Savings Account.

RIF withdrawals and taxes

Interest earned in your RIF isn't taxed. You’ll have to pay income taxes on the mandatory minimum RIF Payment Amounts you’ll receive every year. You can make withdrawals on top of your minimum RIF Payment Amounts, which will be subject to government withholding taxes in addition to income taxes.

Your security matters

Keeping your banking info safe isn’t the only thing required to keep your Accounts protected. Discover expert tips and 24/7 security features for peace of mind all year long.

Take a look at our other RIF options

RIF Investment Fund Account

Draw the income you need from your retirement savings while continuing to grow your investments.

RIF Guaranteed Investment (GIC)

The guaranteed benefits of a GIC join forces with all the great features of a RIF.