The Money Management Newsletter
Selected Retirement Savings Plans - GICs Fixed Term, Non-Cashable
Updated February 16, 2006
 
A Registered Retirement Savings Plan is an investment vehicle used to accumulate income in a tax-sheltered environment to be used in retirement. This table compares fixed rates from various lenders for RRSPs compounding interest annually (once per year) and features investment terms of one to five years.

Institution Deposit Interest Compounds Annually Fees Rate held
1 2 3 4 5
AGF Trust $5,000 3.45 3.675 3.385 3.905 3.995 Transfer out $25 Transfers In: 30 days
Renewals: 5 days
Advisors Advantage Trust $1,000 3.80 4.05 4.15 4.20 4.25 None

Transfers In: 30 days
Renewals: 30 days

B2B Trust $500 3.85 4.10 4.15 4.25 4.30 None

Transfers In: 30 days
Renewals: 15 days

Bank of
Nova Scotia
$1000 2.75 2.95 3.00 3.05 3.25 Transfer out $25
None if internal

Transfers In: 60 days
Renewals: 35 days

CIBC $500 2.75 2.95 3.00 3.05 3.25 Transfer out $25
None if internal

Transfers In: 60 days
Renewals: On request

Concenta
Financial
$1,000 2.75 2.95 3.00 3.05 3.25 Transfer out $50
None if internal

Transfers In: 60 days
Renewals: 21 days

Community
Trust
$1,000 2.80 4.00 4.20 4.15 4.25 Transfer out $25

Transfers In: 30 days
Renewals: 30 days

Effort Trust $1,000 3.75 3.90 4.00 4.05 4.10 None

Transfers In: 30 days
Renewals: 15 days

Great
West Life
$500 3.25 3.00 3.25 3.,375 3.50 Early surender fee
+ MVA.

Transfers In: 45 days
Renewals: On request

HSBC Bank

$500

2.75 3.05 3.10 3.15 3.35 Transfer out $25

Transfers In: 30 days
Renewals: None

Home Trust $1,000 3.70 4.00 4.05 3.55 3.80 None

Transfers In: 30 days
Renewals: 15 days

ING Bank $0 3.75 3.80 3.85 3.95 4.00 None

Transfers In:
On request

Renewals: On request

Italian Cdn
Savings &
Credit Union
$1,000 3.40 3.50 3.75 3.90 4.10 Transfer out $25 Agent special none

Transfers In: 30 days
Renewals: 7 days

Laurentian
Bank
$1,000 2.75 2.95 3.00 3.05 3.25 Transfer out $50

Transfers In: 30 days
Renewals: 15 days

Maple Trust $1,000 3.90 4.05 4.15 4.20 4.25 None

Transfers In: 30 days
Renewals: 30 days

MRS Trust $2,500 3.60 3.75 3.875 3.90 4.10 None

Transfers In: 30 days
Renewals: 15 days

Manulife Bank $2,500 3.85 4.05 4.10 4.15 4.25 None

Transfers In: 30 days
Renewals: 30 days

Montreal (or)
National Trust
(Agent )

$1000 3.83 4.05 4.15 4.20 4.30 Transfer out $25
None if internal

Transfers In: 60 days
Renewals: 35 days

National Bank $500 2.75 2.95 3.00 3.05 3.20 Transfer out $50
None if internal

Transfers In: 30 days
Renewals: 30 days

TD
Canada Trust

500

2.75

2.95 3.00 3.05 3.25 Transfer out $25
Inside 6 mts $100
None if internal

Transfers In: 30 days
Renewals: On request

The Best of the Best $5,000
3.95 4.20 4.255 4.26 4.41 as per issuer as per issuer

Rates subject to change without notice.
* Special feature for Deposit Brokers. MVA = Martket value adjustment
Rates surveyed Feb 16th 2006 Copyright Fiscal Agents
- Call for placement 905-844-7700

To view the highest available rates offered by Fiscal Agents, use the link at the right to view our 'Best of the Best' rate bulletin (updated daily).

The Best
of the Best