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Guaranteed-Return GICs

Security and Peace of Mind

With Guaranteed-Return GICs, your interest rate is guaranteed, so you don’t need to worry about changes in the markets or economy. Choose from a wide range of options, including product features, investment terms, interest payment frequencies and access to funds.

The Right Choice If You

  • Want to invest for a specific term at a fixed rate
  • Are looking to choose from a variety of investment terms and interest payment frequencies
  • Prefer to avoid interest rate swings
Compare GICs

Features3

Minimum Investment
  • $500 for RRSP, TFSA, RESP, RDSP
  • $1,000 RRIF, LIF, PRIF, and Non-Registered GICs of terms greater than 1 year
  • $5,000 (for terms between 30-364 days) or GICs with Monthly interest payment option
  • $100,000 (for terms less than 30 days)
Terms
  • 1 to 364 days
  • 1-5, 7 or 10 years
Interest Payment Options3

Terms less than one year are payable:

  • At maturity

Terms greater than or equal to one year are payable:

  • Monthly1
  • Semi-annually
  • Annually
  • At maturity (interest compounded annually)
Returns
  • Guaranteed principal and interest rate2
Early Access to Funds
  • Non-redeemable GIC: No
  • Redeemable GIC: Yes, at a reduced rate
Plan Eligibility
  • Non-Redeemable GICs: Non-Registered, RRSP, TFSA, RESP, RRIF, LIF and RDSP3
  • Redeemable GICs: Non-Registered, RRSP and TFSA3
CDIC Eligible
  • Yes

Benefits

Security and Safety
  • Both the original investment and interest payments are guaranteed when held to maturity
Competitive Interest Rates
  • Guaranteed for the full term of the investment2
Flexibility
  • Choice of terms, interest payment options and plan eligibility
Get personalized advice with MyAdvisor
  • A digital service that lets you see the potential of your investments, including your GICs, and can connect you with an RBC advisor to help build your financial future. Learn More

Interest Rates

View GIC Rates

The Right Choice If You

  • Want your investment to be cashable at any time4
  • Want to earn a guaranteed competitive return
  • Are looking for maximum flexibility for your investment
Compare GICs

Features

Minimum Investment
  • $1,0001,2
Terms
  • 1 year
Interest Payment Options
  • Monthly2
  • Semi-annually
  • At maturity
  • At time of redemption if held 30 days or longer
Return
  • The rate of return is fixed, and the principal is guaranteed
Early Access to Funds
  • Fully or partially cashable at any time3
Plan Eligibility
  • Non-Registered only
CDIC Eligible
  • Yes

Benefits

Flexibility
  • Easy access to your money when you need it4
Security
  • Guaranteed rate of return
Penalty Free

Cashable in full or in part after 30 days:

  • No interest paid if cashed in the first 29 days
  • Interest is calculated on a daily basis for early redemption, if held a minimum of 30 days
Get personalized advice with MyAdvisor
  • A digital service that lets you see the potential of your investments, including your GICs, and can connect you with an RBC advisor to help build your financial future. Learn More

Interest Rates

View GIC Rates

The Right Choice If You

  • Want competitive rates that are guaranteed to increase each year
  • Want access to your funds⎯the cashable option lets you access your funds on each anniversary date
  • Looking to invest for a fixed term⎯the non-redeemable option
Compare GICs

Features

Minimum Investment
  • $1,000
Terms
  • 2, 3 and 5 years
Interest Payment Options
  • Annually
  • At maturity (interest compounded annually)1
Returns
  • Principal and interest payments are guaranteed
Early Access to Funds
  • No; however, for the cashable version, funds are accessible on each anniversary date
Plan Eligibility
  • Non-Registered only
CDIC Eligible
  • Yes

Benefits

Competitive Interest Rates
  • Rates are guaranteed to increase on each anniversary date over the term of the investment2
Flexibility
  • Choice of cashable or non-redeemable version
Access to Funds
  • Funds accessible on each anniversary date—in cash or to re-invest if interest rates rise (cashable version)
Get personalized advice with MyAdvisor
  • A digital service that lets you see the potential of your investments, including your GICs, and can connect you with an RBC advisor to help build your financial future. Learn More

Interest Rates

View GIC Rates

The Right Choice If You

  • Want to reduce the impact of interest rate fluctuations on your investments
  • Looking for a simple, hassle free way to follow a GIC laddering strategy
  • Prefer earning long-term rates but have been investing for the short-term, expecting rates to rise
Compare GICs

Features

Minimum Investment
  • $5,000
Terms
  • 5 years
Interest Payment Options
  • Monthly
  • Semi-annually
  • Annually
  • At maturity (interest compounded annually)
Returns

Each of the five portions earns the same interest rate, which is equivalent to a longer term GIC. As each part matures, you have three options:

  • Reinvest the funds automatically for a five-year non-redeemable GIC and continue to follow a laddering strategy
  • Use the funds to pursue another investment
  • Cash in the funds
Early Access to Funds
  • No; however, a portion of the funds becomes available at each anniversary
Plan Eligibility
  • Non-Registered only
CDIC Eligible
  • Yes

Benefits

Earnings
  • Higher returns equivalent to long-term GICs with added flexibility
Convenience
  • Provides a convenient way to ladder maturities without having to track and manage separate certificates
Flexibility
  • Access to 20% of principal annually
Reduced Risk
  • Diversification of investment terms reduces potential risk associated with fluctuating interest rates
Changing Interest Rates
  • Ability to take advantage of changing interest rates over time
Get personalized advice with MyAdvisor
  • A digital service that lets you see the potential of your investments, including your GICs, and can connect you with an RBC advisor to help build your financial future. Learn More

Interest Rates

View GIC Rates

The Right Choice If You

  • Want to earn the same interest rate for the entire term while you accumulate funds
  • Enjoy the convenience of automatic contributions—weekly, bi-weekly or monthly
  • Want to save toward a specific goal such as a vacation, car, tuition or down payment
Compare GICs

Features

Minimum Investment
  • $1,000
Pre-Authorized Purchase Options
  • $10 weekly
  • $25 biweekly
  • $50 monthly
Terms
  • One year
Interest Payment Options
  • Interest paid at maturity
Returns
  • Earn a competitive interest rate for the entire term
Early Access to Funds
  • Yes, at a reduced rate
Plan Eligibility
  • Non-Registered only
CDIC Eligible
  • Yes
Prior Redemption Rate
  • Set at time of initial purchase for principal invested for at least six months (183 days)

Benefits

Eligible for Automatic Purchases
  • Weekly, biweekly or monthly
Competitive Interest Rates
  • Earnings at fixed, competitive rates even while principal is being accumulated
Security and Safety
  • The security of achieving a future investment goal over time, with the guarantee of a fixed rate
Get personalized advice with MyAdvisor
  • A digital service that lets you see the potential of your investments, including your GICs, and can connect you with an RBC advisor to help build your financial future. Learn More

Interest Rates

View GIC Rates

The Right Choice If You

  • Want to invest in U.S. dollars for a specific term
  • Are looking for a fixed interest rate and guaranteed payments
  • Don't want to risk your initial investment
Compare GICs

Features

Minimum Investment
  • $5,000
  • $100,000 (less than 30 days)
Terms
  • 1 to 364 days
  • 1 to 5 years
Interest Payment Options
  • For terms less than one year, interest is paid at maturity
  • For terms of one year or more, interest is paid annually
Returns
  • Guaranteed principal and interest rate
Early Access to Funds
  • No
Plan Eligibility
  • Non-Registered only
CDIC Eligible
  • Yes

Benefits

Security and Safety
  • Both the original investment and interest payments are guaranteed
Competitive Interest Rates
  • Guaranteed for the full term of the investment
Get personalized advice with MyAdvisor
  • A digital service that lets you see the potential of your investments, including your GICs, and can connect you with an RBC advisor to help build your financial future. Learn More

Interest Rates

View GIC Rates

The Right Choice If You

  • Want a guaranteed way to generate cash flow, such as for retirement savings
  • Are looking to create regular payments from a lump sum of money
  • Want to customize how long, how often and how much you receive from your investment
Compare GICs

Features

Minimum Investment
  • $5,0001,2
Terms
  • 1, 2, 3, 4, 5, 10, 15 and 20-year terms available
Interest Payment Options
  • Bi-weekly
  • Monthly
  • Quarterly
  • Semi-annually
  • Annually
Returns
  • Interest rates will depend upon the regular recurring payment amount you will receive relative to the initial amount invested and the current interest rate environment
Early Access to Funds
  • All or part of the principal will be repaid as specified in your customized payment schedule; however, any other principal is non-redeemable prior to maturity
Plan Eligibility
  • Non-Registered and TFSA
CDIC Eligible
  • Yes

Benefits

Competitive Interest Rates
  • Maximize returns with longer term interest rates
Flexibility
  • Customize payments to suit your needs
Security
  • Guaranteed rate of return and payment amounts
Get personalized advice with MyAdvisor
  • A digital service that lets you see the potential of your investments, including your GICs, and can connect you with an RBC advisor to help build your financial future. Learn More

Interest Rates

Use the Income Builder GIC Calculator to view the interest rates based on the GIC features you want.

For More Information

Income Builder GIC Fact Sheet

GIC Tools & Calculators

GIC Laddering Tool GIC Laddering Tool

See how a laddering strategy could benefit you.

Income Builder GIC Calculator Income Builder GIC Calculator

Create your own solution with an Income Builder GIC.

Ready to Invest?

Buy a GIC for your registered account or on its own.

Buy a GIC Purchase a Different Investment

$5,000 for clients who wish to receive interest monthly.
When held to maturity.
Not all features are available for all plan types.
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.

Available to both personal and non-personal clients for investments of up to a maximum of $999,999.99.
For monthly interest payment option, minimum investment is $5,000.
Must maintain a minimum of $1,000 at all times. Minimum withdrawal amount is $1,000.
Funds will be available on the next business day following the date on which you have instructed us to redeem your GIC.

Available for non-redeemable version only.
For Canadian residents, interest is reported for tax purposes using the yield-to-maturity rate rather than the actual interest paid each year, in accordance with Regulation 7000 of the Income Tax Act (Canada) (in Quebec, Regulation 92.5R of the Taxation Act [Quebec]). For non-residents, interest reported reflects the actual amount of interest paid each year.

Available to both personal and non-personal clients for investments of up to a maximum of $999,999.99.
Minimum payment amount is $50.