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 on all funds at GIC rates even while accumulating principal
Security of achieving a future investment goal over time, with the guarantee of a known rate
Discipline of setting and meeting an investment goal
Prior redemption rate set at time of initial purchase for principal invested for at least six months (183 days)
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!