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AcceleRate Registered Retirement Income Funds

Get paid in retirement and help your money go further with competitive interest rates.

If you are retired or planning on retiring, and have made RRSP contributions, AcceleRate Registered Retirement Income Funds (RRIF) are a convenient way to receive your retirement payments. If you have an existing RRIF, it can easily be transferred to AcceleRate Financial from other financial institutions across Canada.

Please note that all RRSPs must be converted to an RRIF by December 31 of the year you turn 71. If you do not wish to convert to an RRIF, your funds must be withdrawn or transferred out.


Key Benefits

  • Minimum amount required to open your RRIF is $5,000
  • Payment frequency offered monthly, quarterly, semi-annually or annually
  • Payment options may be minimum payment, specified payment
  • Additional lump sum payments of up to 20% of RRIF balance permitted annually (conditions apply)
  • RRIF payments paid to an AcceleRate savings account


Why choose an AcceleRate RRIF?

With a minimum of $5,000, you can convert your savings to an AcceleRate RRIF, or transfer an existing RRIF from any financial institution.

Choose how often you get paid: monthly, quarterly, semi-annually or annually. Get paid what you want, from either a minimum or specified payment. You may also choose to receive an additional annual lump sum payment of up to 20% of the value of your RRIF (conditions apply).

Your RRIF payments will be deposited to your AcceleRate savings account. You’ll continue to earn interest on money you don’t withdraw while still having full access to your funds. Learn more ways to save.


Which AcceleRate RRIF is best for me?

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AcceleRate Financial offers an AcceleRate Variable RRIF Savings Account and an RRIF Guaranteed Investment Certificate (GIC). Choose between a variable daily interest option, or invest in a GIC to receive guaranteed higher rates of return for a term that suits your financial goals. Continue to earn to help your funds last throughout your retirement.



AcceleRate Variable RRIF

  • The AcceleRate Variable RRIF Savings Account gives you the no-fee flexibility of our AcceleRate Variable High Interest Savings accounts while keeping your funds free of tax. This is also a great option to start saving to reach the
  • $500 minimum to invest into a RRIF GIC.
  • 100% guaranteed by the Deposit Guarantee Corporation of Manitoba. This includes principal and interest.
  • No minimum balance or duration of deposit required.
  • No monthly service fees.
  • Interest calculated daily, paid monthly.
  • Transferable at any time.
  • Cash withdrawals are subject to withholding tax.

AcceleRate RRIF GIC

  • With an AcceleRate GIC RRIF, you can choose a term between one and seven years and have your rate guaranteed for that time.
  • 100% guaranteed by the Deposit Guarantee Corporation of Manitoba, including principal and interest.
  • Terms available from one to seven years.
  • Minimum deposit of only $500.
  • Terms not redeemable prior to maturity.
  • Interest compounded annually.
  • Maturity notices provided 21 days in advance.
  • 14-day rate guarantee for renewal of AcceleRate maturing GICs.
  • 30-day rate guarantees for transfers from other financial institutions.

Exceptional Service

AcceleRate Financial is committed to providing our members with excellent service and support. If you have any questions, comments or concerns, please contact our member services support centre.

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Canada: 1-888-954-9543

Lost or Stolen Member Card?

If your AcceleRate card has been lost or stolen, please call immediately to cancel access to your card.


Accelerate Debit Card