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Benefits of a GIC1

At RBC Royal Bank, you have a broad choice of GICs, making it easy to find one that fits your goals.

Safe and Secure

Invest with peace of mind knowing that your original investment is guaranteed.

Flexible Terms and Payment Options

Choose from a variety of investment terms and interest payment frequencies that suit your needs.

Competitive Rates

Enjoy competitive rates that are guaranteed for the full term of your investment.

Choose from Three GIC Families

Guaranteed-Return GICs

Your interest rate is guaranteed, so you don’t need to worry about changes in the markets or the economy.

  • Both principal and interest payments are guaranteed
  • A great variety of product features, terms and interest payment options are available
  • Escalating rate options available

Categories:

  • Non-Redeemable & Redeemable GICs
  • One-Year Cashable GIC
  • RateAdvantage GIC
  • Income Builder GIC

MarketSmart GICs

Enjoy the security of a GIC and the higher return potential that comes with an equity investment.

  • Your investment is positioned for growth
  • Principal is 100% protected
  • Guaranteed minimum return with higher return potential that is tied to the performance of select equity portfolios

Categories:

  • RBC North American MarketSmart GIC
  • RBC Canadian Banking MarketSmart GIC
  • RBC Canadian Utilities MarketSmart GIC
  • RBC U.S. MarketSmart GIC

US Dollar Term Deposits

Invest in U.S. Dollars Without Risking Your Principal

  • Invest in U.S dollars for specific term
  • Both the original investment and interest payment are guaranteed
  • Competitive interest rates guaranteed for the full term of the investments

Special GIC Rates

  • 2.15%* on a 1 year term
    Cashable GIC
    Posted rate %
  • 2.80%* on a 1 year term
    Non-Redeemable GIC
    Posted rate %
  • 2.85%* on a 2 year term
    Non-Redeemable GIC
    Posted rate %
  • 3.00%* on an 5 year term
    Non-Redeemable GIC
    Posted rate %
See All GIC Options and Rates

Invest in a GIC That Works Best for You

Connect with an RBC Advisor

They can help you decide which investments may be right for you.

RBC Clients:

Book an appointment

Non-RBC Clients:

Call 1-800-463-3863

Benefits listed are not applicable for all types of GICs.
Special Rates are subject to change at anytime. Rates shown are calculated on a per annum basis. Eligible for personal balances only (includes both new purchases and renewals and balances in registered and non-registered plans). Available on certificates that pay interest semi-annually, annually and at maturity (compounded annually).
Other Notable Disclosures:
  • Funds will be available on the next business day following the date on which you have instructed us to redeem your GIC, or in the case of RBC Income Builder GIC, following the date on which a payment is made from the GIC.
  • Interest in a GIC will be calculated counting the first but not the last day of the term.
  • There is no fee charged for a purchase of GIC. If you transfer your GIC out to another financial institution, there will be a transfer out fee of $150 charged (applies to both registered or non-registered GICs – transfer out fee for non-registered GICs came into effect August 1, 2022)
  • You may provide us with instructions as to what to do with your GIC proceeds upon maturity. If your GIC is automatically renewed, you may cancel it upon renewal within 10 business days from the issuance (renewal) date, and if you do, your principal will be returned, but no interest will apply from the issuance to the cancellation date.
  • The GIC Client Agreement can be found at https://www.rbcroyalbank.com/dms/investments/clientacknowledgementforms.html. This GIC Client Agreement may be changed at any time, on notice to GIC holders.