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Upcoming Webinar

The Deposit and Loan Balancing Act - Interest rate risk, liquidity, modelling and COVID-19 (Tuesday, Sept. 29. 12pm EDT)
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Annuity Pricing

Pricing and Evaluation of Annuity Products in North America
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Bank Products

Personal Banking Rates in Canada...and Transaction Processing through the CANNEX Financial Network (CFN)

Investor Theme Makes it Easy to Build Your Site

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Research and Consulting

Retirement Income Analytics...and our Affiliation with the Fields Institute

recent news

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Sixth Annual Greenwald & Associates & CANNEX Guaranteed Lifetime Income Study

Guaranteed Lifetime Income Study 2020 (GLIS) Why Retirement Income Planning Matters: Advisors, Consumers Did Not

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2020 Term Deposit Conference Postponed to Fall of 2021

Due to the uncertainty of the global COVID-19 (Coronavirus) pandemic, CANNEX Financial Exchanges is announcing

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Alexander S. Melvin Leadership Award to Encourage Inspirational & Ethical Leadership in Financial Services

Committee Representing Canadian Financial Institutions & Associations Calls for Nominations for 2020 Award With the

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who we are

CANNEX supports the exchange of pricing information for annuity and bank products across North America. We provide financial institutions with the ability to evaluate and compare various guarantees associated with retirement savings and retirement income products.

The CANNEX Financial Network enables financial institutions to automate the application processing and administration of bank and annuity products in Canada.

Our quantitative research team provides methodologies that help optimize the selection and allocation of annuity and insurance guarantees in support of retirement programs and practices.

Our pricing and analytic services can be deployed to support a variety of processes, including:

  • Research & Market Intelligence
  • Financial Planning & Education
  • Sales & Compliance
  • Transaction Processing
  • Product Service & Administration

Today's Rates

Income Annuities - Canada

10 Year Guarantee, 1 Month Deferral 10 Year Guarantee, 5 Year Deferral
$ 524 $ 485 $ 692 $ 632
Male, Age 70 Female, Age 70 Male, Age 70 Female, Age 70

Average of the top 5 monthly incomes based on a $100,000 CAD premium of non-registered funds.

Term Deposits/GICs - Canada

1.800 % 1.650 % 1.750 % 1.850 %
90 Days 1 Year 2 Years 3 Years

Highest rate based on deposit of $1,000 CAD. Interest not compounded.

Income Annuities - USA

10 Year Guarantee, 1 Month Deferral 10 Year Guarantee, 5 Year Deferral
$ 523 $ 492 $ 671 $ 631
Male, Age 70 Female, Age 70 Male, Age 70 Female, Age 70

Average of the top 5 monthly incomes based on a $100,000 USD premium of non-qualified funds and issued in Connecticut.

Deferred Fixed Annuities - USA

Multi Year Guarantee Multi Year Guarantee with MVA
1.500 % 2.000 % 1.650 % 2.050 %
3 Years 5 Years MVA 3 Years MVA 5 Years

Highest rate based on a single premium of $25,000 USD issued in Connecticut. No bonus.

Prepared by CANNEX on September 25, 2020 at 16:00:07 ET.