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The Building Block GIC lets you accumulate a predetermined amount of funds with pre-authorized purchases (weekly, biweekly or monthly) for a one-year term. You earn the same interest rate for the entire term, no matter the size of your principal.

Is It Right for You?

This is an excellent approach if you want to:

  • Save towards a specific goal such as a vacation, car, tuition or down payment
  • Enjoy the convenience of automatic contributions

Ready to Buy a GIC or Need Advice?


You are on: Features & Benefits

Key Features:

Minimum Investment $1,000
Purchase Options Pre-authorized purchase options:
  • $10 weekly
  • $25 biweekly
  • $50 monthly
Terms One-year
Interest Payment Options Interest paid at maturity

Earn a competitive interest rate for the entire term

View today’s rates

Access to Funds Yes, at a reduced rate
Plan Eligibility Non-Registered only
CDIC (opens new window) Eligible Yes
Prior Redemption Rate Set at time of initial purchase for principal invested for at least six months (183 days)


Eligible for Automatic Purchases Yes – weekly, biweekly or monthly
Competitive Interest Rates Earnings at fixed, competitive rates even while principal is being accumulated
Security and Safety The security of achieving a future investment goal over time, with the guarantee of a fixed rate

You are on: Interest Rates

Rates for 25 February 2018

Interest Paid at Maturity

Term to Maturity Minimum Initial Investment of $1,000
1 year 0.900

Prior Redemption Rates

Elapsed Term Redemption Rate [%]
1 to 182 days 0.000
183 days to 364 days 0.200

Interest rates are subject to change without notice at any time.
Rates shown are calculated on a per annum basis.
To purchase these GICs, 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.
If PAP is returned due to insufficient funds in the account, the GIC will be collapsed and proceeds credited to the client's account.