RRSP Daily Interest Account
Maximize your RRSP
An easy and affordable way to make regular RRSP contributions.
Defer your taxes
Contributions are immediately tax-deductible—the investment income you earn isn't taxed until you access the funds in your Registered Retirement Savings Plan (RRSP).
Set it and forget it
Have the flexibility to set up recurring contributions from your paycheque—choose from weekly, bi-weekly, semi-monthly or monthly contributions with Pre-Authorized Contributions. Learn how.
Keep it fee-free
There are no fees associated with the RRSP Daily Interest Account and you can withdraw cash whenever you need to.1
Key product details
| Interest earned | See current rates |
| Fees | No fees |
| Redeemable | Withdraw anytime1 |
Frequently asked questions
Interest is calculated on the daily closing balance and paid on the last day of every month.
In many cases, any withdrawals you make from your RRSP Daily Interest Account will be taxed at your current income tax rate at the time you make the withdrawal.
However, if you participate in the federal government's Home Buyers Plan (HBP) or Lifelong Learning Plan (LLP), you can withdraw funds from your RRSP and the tax won't be withheld.
The Home Buyers' Plan is a program that allows you to withdraw up to $35,000 in a calendar year from your RRSPs to buy or build a qualifying home for yourself or for a related person with a disability.
The Lifelong Learning Plan allows you to withdraw amounts from your Registered Retirement Savings Plan to finance full-time training or education for you or your spouse or common-law partner.
Please explore the links above for full details and disclosures about each plan and see if you qualify.
There is a maximum to how much you can contribute each year, and that limit—called an RRSP contribution limit—is based on your annual income. You can confirm your RRSP contribution limits at myCRA.
Can't make your full contribution one year? No sweat. Your contribution room can be carried forward until you’re 71, when you can no longer have RRSPs, so you can contribute more money in subsequent years until then.
Yes. You can put part or all of your RRSP contributions into a plan in your spouse's or common-law partner's name. This will be referred to as a Spousal RRSP. It’s important to note that contributions to spousal or partner RRSP accounts affects your personal contribution limit.
In the year you turn 71, your RRSP matures and you claim the income (both the principal amount and the interest earned) from your investment.
Don't worry about getting a big tax bill. You have a number of retirement income options that allow your retirement savings to continue to grow in a tax-sheltered environment. Only payments to you from your plan are immediately taxed, so you can spread the tax on withdrawals over your retirement years.
Ready to get started?
Start shaping the retirement you want with the funds you have—put them in an RRSP Daily Interest Account.
Invest confidently with our expert RRSP advice
Whether you’re beginning your investing journey or looking to maximize your contributions, we’re here to help.
Find the retirement investments that work for you.
Invest for a fixed term
Non-Redeemable GIC
Feel secure knowing your returns are guaranteed. With available terms from 30 days to 5 years, select one that's right for your retirement goals.
Invest with access
Redeemable GIC
A guaranteed investment certificate with an option to redeem before your term ends. Within an RRSP, your retirement savings grow tax-free.
Invest by year
Springboard GIC®
A GIC with flexible terms and reliable returns. Redeemable annually—invest within an RRSP or TFSA to grow your savings tax-free.
Taxes may be withheld on funds when you cash in, make withdrawals, or receive payments from your RRSP. Under specific circumstances (if you have the HBP or LLP) you can withdraw funds from your RRSP and without taxes being withheld.
*The bonus offer is available on net new funds deposited into a new or existing RRSP Daily Interest Account between January 8, 2024 and June 30, 2024. The bonus interest rate will be calculated daily and paid out monthly on net new balances. Tax implications may be associated with this offer. It's up to the RRSP holder to know how much they can contribute and not go over the limit; over-contributions may result in additional penalties or taxes .
This offer is subject to change without notice and cannot be combined with other offers.
Net new funds can be defined as an increase or decrease in balance by making additional contributions / deposits or withdrawals to the account (which can come from a different ATB account type, or by transferring funds from another FI.) during the campaign period.
Related documents: ATB Little Book of RSP Info (PDF), Additional Services and Associated Charges (PDF)
The material on this page is for informational purposes only and should not be considered as ATB Financial offering tax, legal, financial or investment advice. ATB Financial cannot guarantee the accuracy or completeness of this page, but it is believed to be correct as of the time of publication. We recommend meeting with an ATB Financial Advisor before withdrawing funds from an RRSP.