FAQ Category: RRSP & RRIF Terms
How do I get started?
It’s quick and easy to begin: Open your RRSP or RRIF investment term
How do RRIF terms work?
With a Hubert RRIF term, you can still withdraw funds at any time alongside your regular payments, giving you flexibility while earning interest.
Is there a minimum investment required?
Yes, a minimum deposit of $1,000 is required to invest in an RRSP investment term.
How is interest calculated?
Interest on your RRSP investment term is calculated and compounded annually, helping your savings grow year after year.
Is my money safe in an RRSP investment term with Hubert?
Yes. Your deposits are 100% guaranteed through the Deposit Guarantee Corporation of Manitoba, so you can save with confidence.
Can I access my money before the term ends?
RRSP investment terms are non-redeemable, which means your funds are locked in until maturity. If you need more flexibility, a variable rate RRSP (our RRSP Savings) may be a better fit.
What term options are available?
You can choose from 1 to 5-year RRSP investment terms, with longer terms typically offering higher rates.
How does an RRSP investment term help me save for retirement?
Your savings earn interest over time while staying inside your RRSP, helping your money grow in a steady, predictable way toward your retirement goals.
What is an RRSP investment term?
An RRSP investment term is a fixed-term investment where you lock in your savings for a set period (typically 1–5 years) and earn a guaranteed rate of return as your retirement savings grow.