R I F Savings Account

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

Interest rate

Monthly Fee

0 dollars

Minimum balance

0 dollars

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Key Features of a R I F Savings Account

Great rate
Our rates are great at

since .
No unfair fees while you save with us
Because we know that every penny counts, you won’t pay any unfair fees or service charges while you save with us.
No minimum balances
Earn the same great rate on every dollar in your Account.

Benefits of a R I F

What’s a R I F?
With a Tangerine R I F Savings Account, you can draw the retirement income you need while enjoying the benefits of our Tangerine Savings Account. What do I need to know about R I F's?
R I F tax withdrawal
The interest earned in your R I F is tax-sheltered. You’ll have to pay income taxes on the mandatory minimum R I F Payment Amounts you’ll receive every year. You can make withdrawals on top of your minimum R I F Payment Amounts, which will be subject to government withholding taxes in addition to income taxes. And of course, there are no minimum balance requirements or unfair fees while you're saving with us. When can I convert my RSP to a R I F?

Don’t think this Account is for you? Take a look at our other options.

R I F Guaranteed Investment
Learn More

R I F Investment Fund
Learn More

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footnote dagger R I F Savings Accounts have no unfair fees while you’re saving with us. If at some point you decide to transfer your funds to another financial institution, a $50 fee will apply. Fair fees mean they are disclosed and agreed to in advance, and the amount makes sense relative to the benefit received. View the complete list of Account fees.
Savings Account, Chequing Account, and GIC interest rates expressed on this website are annual interest rates and are current as of today's date. Interest rates are subject to change without notice. Interest is calculated daily and paid monthly on our Savings and Chequing Accounts. GIC terms of one year or longer have interest calculated on the basis of 365/366 days and compounded and/or paid annually. GIC terms of less than one year have interest calculated on the basis of 365/366 and paid at maturity.
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