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Non-Redeemable and Redeemable GICs offer a fixed rate of return for a specific term, with both principal and interest guaranteed.

Is It Right for You?

These are ideal investments if you want to:

  • Invest for a specific term at a guaranteed rate without risk
  • Have a choice of a wide variety of investment terms and interest payment frequencies
  • Minimize the impact of interest rate swings and tailor your investments to your personal needs
 

Ready to Buy a GIC or Need Advice?

 
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You are on: Features & Benefits

Key Features(4):
Minimum Investment
  • $500 for RRSP, TFSA, RESP, RDSP
  • $1,000(1),
  • $5,000 (for terms between 30 – 364 days) or
  • $100,000 (for less than 30 days)
Terms
  • 1 to 364 days
  • 1 - 5, 7 or 10 years(2).
Interest Payment Options(4) Terms less than one year are payable:
  • at maturity
Terms greater than or equal to one year are payable:
  • Monthly(1),
  • Semi-annually
  • Annually
  • At maturity (interest compounded annually)
Returns

Guaranteed principal and interest rate(3)

View today’s rates: Redeemable and
Non-Redeemable
Access to Funds

Non-redeemable GIC – No

Redeemable GIC – Yes, at a reduced rate
Plan Eligibility
  • Non-Redeemable GICs – Non-Registered, RRSPs, TFSAs, RESPs, RRIFs, LIFs and RDSP(4)
  • Redeemable GICs – Non-Registered, RRSPs, and TFSAs.(4)
CDIC (opens new window) Eligible Yes(2)

Benefits:
Security and Safety Both the original investment and interest payments are guaranteed
Competitive Interest Rates

Guaranteed for the full term of the investment(3)

View today’s rates: Redeemable and
Non-Redeemable
Flexibility Choice of terms, interest payment options, and plan eligibility.

1) $5,000 for clients who wish to receive interest monthly.
2) GICs with seven and 10 year terms are not eligible for CDIC coverage.
3) When held to maturity.
4) Not all features are available for all plan types.

 

Tools and Calculators

 

You are on: Interest Rates

Rates for 10 February 2012

Non-Redeemable GIC

Interest 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
to
$4,999,999.99+
[%] [%] [%] [%]
1 to 29 daysn/a(1)0.3000.3000.300
30 to 59 days0.5000.7000.7000.700
60 to 89 days0.6000.8500.8500.850
90 to 179 days0.7501.0001.0001.000
180 to 269 days0.8001.0501.0501.050
270 to 364 days0.8001.0501.0501.050

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

Term
to
Maturity 		For Investments of
$1,000
to
$99,999.99 		$100,000
to
$249,999.99 		$250,000
to
$999,999.99 		$1,000,000
to
$4,999,999.99+
[%] [%] [%] [%]
1 to 1.5 years less a day1.1501.1501.1501.150
1.5 to 2 years less a day1.6001.6001.6001.600
2 to 2.5 years less a day1.3001.3001.3001.300
2.5 to 3 years less a day1.3001.3001.3001.300
3 to 3.5 years less a day1.4001.4001.4001.400
3.5 to 4 years less a day1.4001.4001.4001.400
4 to 4.5 years less a day1.6001.6001.6001.600
4.5 to 5 years less a day1.6001.6001.6001.600
5 years2.1002.1002.1002.100
7 years2.3002.3002.3002.300
10 years2.5002.5002.5002.500

Interest Paid Monthly

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
to
$4,999,999.99+
[%] [%] [%] [%]
1 to 1.5 years less a day1.0251.0251.0251.025
1.5 to 2 years less a day1.4751.4751.4751.475
2 to 2.5 years less a day1.1751.1751.1751.175
2.5 to 3 years less a day1.1751.1751.1751.175
3 to 3.5 years less a day1.2751.2751.2751.275
3.5 to 4 years less a day1.2751.2751.2751.275
4 to 4.5 years less a day1.4751.4751.4751.475
4.5 to 5 years less a day1.4751.4751.4751.475
5 years1.9751.9751.9751.975
7 years2.1752.1752.1752.175
10 years2.3752.3752.3752.375

Rates for 10 February 2012

Redeemable GIC

Interest 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
to
$4,999,999.99+
[%] [%] [%] [%]
1 to 29 daysn/a(1)0.0500.0500.050
30 to 59 days0.2500.4500.4500.450
60 to 89 days0.3500.6000.6000.600
90 to 179 days0.5000.7500.7500.750
180 to 269 days0.5500.8000.8000.800
270 to 364 days0.5500.8000.8000.800

Interest Paid Semi-Annually or Annually

Term
to
Maturity 		For Investments of
$1,000
to
$99,999.99 		$100,000
to
$249,999.99 		$250,000
to
$999,999.99 		$1,000,000
to
$4,999,999.99+
[%] [%] [%] [%]
1 to 1.5 years less a day0.9000.9000.9000.900
1.5 to 2 years less a day1.3501.3501.3501.350
2 to 2.5 years less a day1.0501.0501.0501.050
2.5 to 3 years less a day1.0501.0501.0501.050
3 to 3.5 years less a day1.1501.1501.1501.150
3.5 to 4 years less a day1.1501.1501.1501.150
4 to 4.5 years less a day1.3501.3501.3501.350
4.5 to 5 years less a day1.3501.3501.3501.350
5 years1.8501.8501.8501.850
7 years2.0502.0502.0502.050
10 years2.2502.2502.2502.250

Interest Paid Monthly

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
to
$4,999,999.99+
[%] [%] [%] [%]
1 to 1.5 years less a day0.7750.7750.7750.775
1.5 to 2 years less a day1.2251.2251.2251.225
2 to 2.5 years less a day0.9250.9250.9250.925
2.5 to 3 years less a day0.9250.9250.9250.925
3 to 3.5 years less a day1.0251.0251.0251.025
3.5 to 4 years less a day1.0251.0251.0251.025
4 to 4.5 years less a day1.2251.2251.2251.225
4.5 to 5 years less a day1.2251.2251.2251.225
5 years1.7251.7251.7251.725
7 years1.9251.9251.9251.925
10 years2.1252.1252.1252.125

Prior Redemption Rates

Elapsed Term Redemption Rate [%]
1 to 29 days0.000
30 to 59 days0.050
60 to 179 days0.050
180 to 364 days0.050
1 to 2 years less a day0.500
2 to 3 years less a day0.850
3 to 4 years less a day0.950
4 to 5 years less a day1.100
5 years and greater1.500

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.
+ For an interest rate quotation for deposits of $5 million and over, please contact a Royal Bank branch or call 1-800-769-2599.
1) Rate information does not apply to this range of terms (not applicable).