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The Five-in-One GIC allows you to follow a “laddering” investment strategy to even out the effect of yearly interest rate fluctuations. Your principal is divided into five equal portions with maturities of one to five years. This way, your maturity dates are spread out so that a portion of your investment matures each year — reducing your reinvestment risk. Each portion earns the same interest rate, which is the equivalent to a longer term GIC rate. As each part matures, you have three choices:

  • Reinvest the funds automatically for a five-year term and continue to follow a laddering strategy.
  • Use the funds to pursue another investment goal.
  • Cash in the funds.

Is It Right for You?

This is an ideal GIC if you have a minimum of $5,000 to invest and you want a simple, hassle free way to ladder maturities. It is a natural choice if you would prefer earning long-term rates but have been investing for the short term in expectation of rising interest rates.

 

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You are on: Features & Benefits

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

Each portion earns the same interest rate which is equivalent to a longer term GIC

View today’s rates
Access to Funds No. A portion of the funds becomes available at each anniversary.
Plan Eligibility Non-Registered only
CDIC (opens new window) Eligible Yes

Benefits:
Earnings Higher returns than short-term GIC rates
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
 

Tools and Calculators

 

You are on: Interest Rates

Rates for 18 March 2010

Five-in-One GIC®

Interest Paid Semi-Annually1, Annually or Compounded Annually and Paid at Maturity

Term
to
Maturity 		For Investments of
$5,000
to
$99,999.99 		$100,000
to
$249,999.99 		$250,000
to
$999,999.99 		$1,000,000
and over(2)
[%] [%] [%] [%]
5 years1.7001.7001.7001.700

Interest Paid Monthly1

Term
to
Maturity 		For Investments of
$5,000
to
$99,999.99 		$100,000
to
$249,999.99 		$250,000
to
$999,999.99 		$1,000,000
and over(2)
[%] [%] [%] [%]
5 years1.5751.5751.5751.575

NOTES
Interest rates are subject to change without notice at any time.
Rates shown are calculated on a per annum basis.
To purchase these GICs, visit invest online, call 1-800-769-2599 or visit an RBC Royal Bank branch. You can find the location and phone number of the nearest RBC Royal Bank branch by using our Branch Locator. Please call and arrange to have one of our investment specialists meet with you at your convenience.
1) Monthly and semi-annual interest payment options are not currently available through Online Banking.
2) For an interest rate quotation for deposits of $5 million and over, please contact a Royal Bank branch or call 1-800-769-2599.