With the Five-in-One GIC, your principal is automatically split into five equal parts with maturities of one to five years. As each part matures, you have the option to reinvest the funds for a five-year term and continue to follow a laddering strategy, invest in another option, or take the funds in cash.
Benefits
Earnings — higher returns than short-term GIC rates
Flexibility — access to 20% of principal annually
Diversification of investment terms — reduces potential risk associated with fluctuating interest rates
Ability to take advantage of changing interest rates over time
Key Features
Minimum investment of $5,000
Your interest can be paid monthly, semi-annually, annually, or at maturity (interest compounded annually)
Provides a simple, hassle free way to ladder maturities
Each portion earns the same interest rate which is equivalent to a longer term GIC
Non-redeemable
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!
