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Linked to Royal Bank Prime, Cashable at Any Time
The Prime-Linked Cashable GIC is a one-year cashable GIC with an annual interest rate linked to changes in the RBC Royal Bank® Canadian prime interest rate. Should the prime interest rate change during the term of your investment, the annual interest rate of this GIC is automatically adjusted. It is cashable at any time, and you’ll earn interest up to the date you cash it, if it is held 30 days or longer.
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This GIC may be an appropriate choice if you are looking to:
- Take advantage of increases in rates
- Maintain complete access to funds
- Continually roll over short-term GICs
Key Features
Benefits
Opportunity
Interest rate increases as Royal Bank Prime increases3.
Access to Funds
Easy access to capital. Cashable at any time.
Convenience
Benefit from any increase in interest rates without the renewals that are necessary with short term instruments.
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