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)
| 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% |
| 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.