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Building Block GIC®
A GIC that lets you accumulate funds to a pre-determined amount with pre-authorized purchases (weekly, biweekly or monthly) for a one-year term. You earn the same interest rate as the principal is being accumulated.
Benefits
- Convenience — of automatic pre-authorized purchases
- Earnings — at fixed, competitive rates even while principal is being accumulated
- Security — of achieving a future investment goal over time, with the guarantee of a fixed rate
- Discipline — of setting and meeting an investment goal
Key Features
- One-year term
- Minimum initial investment of $1,000
- Minimum pre-authorized contribution — $10.00 weekly, $25.00 biweekly or $50.00 monthly
- Prior redemption rate set at time of initial purchase for principal invested for at least six months (183 days)
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Purchase and manage your GICs Online! RBC Royal Bank customers can purchase, renew, change maturity instructions, or change interest disbursement account information for Non-Registered GICs — Online! |
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