GIC investment in a RRIF 1.25% compounded annually on descending balance for 19 months. It is being used as a retirement payment monthly. Do you lose interest buy putting one large sum in the GIC as apposed to splitting the large sum in half into two GIC’s . One will calculate interest on the descending balance while the other goes untouched until maturity.

/in /by

GIC investment in a RRIF 1.25% compounded annually on descending
balance for 19 months. It is being used as a retirement payment
monthly. Do you lose interest buy putting one large sum in the GIC as
apposed to splitting the large sum in half into two GIC’s . One will
calculate interest on the descending balance while the other goes
untouched until maturity.

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