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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 fees while you save with us.
Interest rate
Fee $0
Minimum balance $0

Key Features

Great rate
Our rates are among the best around at


No fees while you save with us
Because we know that every penny counts, you won’t pay any 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 RIF Benefits of a RIF
Benefits of a RIF
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. What do I need to know about RIFs?
RIF tax withdrawal
The interest earned in your RIF is tax-sheltered. You’ll just 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. And of course, there are no minimum balance requirements or fees while you're saving with us. When can I convert my RSP to a RIF?

Don’t think this Account is for you? Take a look at our other options.
RIF Guaranteed Investment
Learn More
RIF Investment Fund
Learn More
Check out these helpful articles
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.
RIF Savings Accounts have no fees while you’re saving with us. If at some point you decide to transfer your funds to another financial institution, a $45 fee will apply.
Deposit Protection