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The Prime-Linked Cashable GIC is a one-year cashable GIC with an annual interest rate linked to changes in the RBC Royal Bank® Canadian prime interest rate. The prime interest rate is a reference rate for determining interest rates on Canadian dollar commercial loans in Canada and is subject to change. Should the prime interest rate change during the term of your investment, the annual interest rate of this GIC is automatically adjusted. It is cashable at any time, and you’ll earn interest up to the date you cash it, if it is held 30 days or longer.

Is It Right for You?

This GIC may be a good choice if you want to:

  • Take advantage of increases in rates
  • Maintain complete access to funds
  • Continually roll over short-term GICs
 

Ready to Buy a GIC or Need Advice?

 
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You are on: Features & Benefits

Key Features:
Minimum Investment $5,000
Terms 1 year
Interest Payment Frequencies
  • Monthly
  • Semi-annually
  • At maturity
  • At time of redemption if held 30 days or longer
Interest Rate

Variable

View today’s rates
Access to Funds Fully or partially cashable at any time.(1,2)
Plan Eligibility Non-Registered only
CDIC (opens new window) Eligible Yes

Benefits:
Opportunity Interest rate increases as Royal Bank Prime increases(3)
Access to Funds Easy access to capital. Cashable at any time.
Convenience Benefit from any increase in interest rates without the renewals that are necessary with short term instruments

1) No interest is paid if cashed within 29 days and a $25.00 administration fee will apply.
2) Must maintain a minimum of $5,000 at all times. Minimum withdrawal amount is $1,000.
3) If the Royal Bank Prime decreases, this interest rate will also decrease.

 

Tools and Calculators

 

You are on: Interest Rates

Rates for 11 February 2012

Prime-Linked Cashable GIC®

Interest Paid Semi-Annually or at Maturity

Term
to
Maturity 		For investments of
$5,000
to
$49,999.99 		$50,000
to
$99,999.99 		$100,000
to
$249,999.99 		$250,000
to
$999,999.99 		$1,000,000
and over
[%] [%] [%] [%] [%]
1 year0.2500.4000.5000.7501.000

Interest Paid Monthly

Term
to
Maturity 		For investments of
$5,000
to
$49,999.99 		$50,000
to
$99,999.99 		$100,000
to
$249,999.99 		$250,000
to
$999,999.99 		$1,000,000
and over
[%] [%] [%] [%] [%]
1 year0.1500.3000.4000.6500.900

Prior Redemption Rates

Elapsed Term Redemption Rate [%]
1 to 29 days0.000

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.