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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:
Interest rate increases as Royal Bank Prime increases3.
Easy access to capital. Cashable at any time.
Benefit from any increase in interest rates without the renewals that are necessary with short term instruments.
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