To purchase these gics, visit invest online, call or visit an rbc royal bank branch.
Each of the five portions earns the same interest rate, which is equivalent to a longer term gic.
Offer a fixed rate of return for a specific term, with both principal and interest guaranteed.
Interest rates are subject to change without notice at any time. Rates shown are calculated on a per annum, 365 or 366 (366 only if a leap year) day basis.
when selecting a non-redeemable gic, which pays you interest at its maturity date, you can select a short-term investment period of less than 364 days. If you choose to have your interest paid out to you annually, semi-annually or monthly, longer term lengths between one to 10 years can be chosen. These payout conditions apply to both rbcs non-redeemable and redeemable gics.
You can buy gics through rbc online banking if you have an rbc royal bank chequing or savings account, or an existing gic. Or if you have questions, we encourage you to use our online booking tool to schedule a time to speak with us by phone.
Whats a rbc non-cashable gic? A non-cashable gic means you wont be able to access the funds at all until your term is up. These usually come with higher returns in exchange for the lower flexibility.
a non-redeemable gic (or guaranteed investment certificate) is an investment product that offers higher interest rates in exchange for a less flexible redemption contract. With this type of gic, you must pick a set time period to lock your investment in for and agree to pay a penalty if you take your money out before your gic matures.
rbc offers both redeemable and non-redeemable gics with rates that are on a par with its competitors. With non-redeemable gics that pay interest upon maturity, clients can have the option to pick a short-term investment period of 364 days or fewer.
Redeemable redeemable gics are either redeemable (also known as cashable) or non-redeemable. Non-redeemable gics are meant to be left untouched throughout the term in return, they typically offer higher interest rates. If you think you may need access to your money at some point throughout the term, consider a redeemable gic.