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Registered Retirement Income Fund Fixed Rate

Protect your retirement savings with a fixed rate RRIF

A Registered Retirement Income Fund (RRIF) is a government-registered investment plan that provides you with an income in retirement.

Open an HSBC RRIF Fixed Rate for guaranteed retirement income with a secure principal.

Or call toll-free 1-888-310-4722

HSBC RRIF Fixed Rate benefits & details

A guaranteed rate of return on your choice of term lengths

  • Invest with a minimum of CAD $5001

  • Choose the investment term that suits you, from 6 months to 5 years

  • The longer your term length, the more tax-sheltered interest you will earn

  • Your investment can grow faster with compound interest

  • For terms greater than one year, interest is paid and compounded annually on the anniversary date of issue

  • For terms less than one year, interest is calculated daily, not compounded, and paid at maturity

  • Choose automatic renewals for convenience and continued tax-sheltered savings

Flexible access to your funds

  • Withdraw the minimum amount required by the government, or as much as you'd like – the choice is yours

  • Access funds in your HSBC RRIF Fixed Rate at maturity or any other time

  • Redeem funds before maturity at full interest rate

  • No interest is paid if redeemed prior to maturity for the purpose of transferring the funds to another bank

  • Find out how much you need to withdraw from your RRIF savings each year with our RRIF Payments Calculator

Benefits of all HSBC RRIFs

  • You can access your funds at any time

  • Save more of your investment as you do not pay service charges or administration fees (except if you transfer the funds to other financial institutions)

RRSP & RRIF Fixed Rate Options (Annual Compound Interest)

Term Length
$49,999 and less
$50,000 and over
6-11 months
0.30%
0.30%
12-17 months
0.40%
0.40%
18-23 months
0.40%
0.40%
24-29 months
0.50%
0.50%
30-35 months
0.50%
0.50%
36-41 months
0.70%
0.70%
42-47 months
0.70%
0.70%
48-53 months
0.90%
0.90%
54-59 months
0.90%
0.90%
60 months
1.20%
1.20%

RRSP & RRIF Fixed Rate Options (Annual Compound Interest)

Term Length
6-11 months
$49,999 and less
0.30%
$50,000 and over
0.30%
Term Length
12-17 months
$49,999 and less
0.40%
$50,000 and over
0.40%
Term Length
18-23 months
$49,999 and less
0.40%
$50,000 and over
0.40%
Term Length
24-29 months
$49,999 and less
0.50%
$50,000 and over
0.50%
Term Length
30-35 months
$49,999 and less
0.50%
$50,000 and over
0.50%
Term Length
36-41 months
$49,999 and less
0.70%
$50,000 and over
0.70%
Term Length
42-47 months
$49,999 and less
0.70%
$50,000 and over
0.70%
Term Length
48-53 months
$49,999 and less
0.90%
$50,000 and over
0.90%
Term Length
54-59 months
$49,999 and less
0.90%
$50,000 and over
0.90%
Term Length
60 months
$49,999 and less
1.20%
$50,000 and over
1.20%

Looking for more income or growth options in retirement? Depending on your time horizon and risk tolerance, other options may help you maintain and grow your wealth.

Consider our wide range of investment products and services.

$500 mimimum deposit. For RRSPs, redeemable prior to maturity with no interest paid. For RRIFs, redeemable before maturity at a competitive early redemption rate and no interest is paid if redeemed prior to maturity for the purpose of transferring the funds to another bank. Interest is calculated daily, paid on the anniversary date of issue and compounded annually at the fixed rate for terms greater than one year. For terms less than one year, interest is calculated daily, non-compounded and paid at maturity.

Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch.

1 $500 minimum deposit. Redeemable before maturity at a competitive early redemption rate and no interest is paid if redeemed prior to maturity for the purpose of transferring the funds to another bank. Interest is calculated daily, paid on the anniversary date of issue and compounded annually at the fixed rate for terms greater than one year. For terms less than one year, interest is calculated daily, non-compounded and paid at maturity.

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