Skip Header Navigation

The One-Year Cashable GIC offers a competitive interest rate and maximum flexibility, without the need for a long-term commitment. It’s cashable at any time, and interest is paid right up to the date it’s cashed as long as you’ve held the investment for 30 days or more.

Is It Right for You?

The One-Year Cashable GIC is an ideal investment alternative if you want to earn a guaranteed competitive return while maintaining maximum access to your funds.

 

Ready to Buy a GIC or Need Advice?

 

You are on: Features & Benefits

Key Features:

Minimum Investment $1,000(1,2)
Terms 1 year
Interest Payment Options
  • Monthly(2)
  • Semi-annually
  • At maturity
  • At time of redemption if held 30 days or longer
Return

The rate of return is fixed, and the principal is guaranteed.

View today’s rates

Access to Funds Fully or partially cashable at any time.(3)
Plan Eligibility Non-Registered only
CDIC (opens new window) Eligible Yes

Benefits:

Competitive Interest Rates Competitive interest rates without long-term commitment – one-year term
Flexibility Easy access to your money when you need it
Security Guaranteed rate of return
Penalty free Cashable in Full or in Part after 30 Days
  • No interest paid if cashed in the first 29 days
  • Interest is calculated on a daily basis for early redemption, if held a minimum of 30 days

1) Available to both personal and non-personal clients for investments of up to a maximum of $999,999.99.
2) For monthly interest payment option, minimum investment is $5,000.
3) Must maintain a minimum of $1,000 at all times. Minimum withdrawal amount is $1,000.

You are on: Interest Rates

Rates for 19 April 2014

Interest Paid Semi-Annually

Term
to
Maturity
For Investments of
$1,000
to
$99,999.99
$100,000
to
$249,999.99
$250,000
to
$999,999.99
[%] [%] [%]
1 year 0.800 0.800 0.800

Interest At Maturity

Term
to
Maturity
For Investments of
$1,000
to
$99,999.99
$100,000
to
$249,999.99
$250,000
to
$999,999.99
[%] [%] [%]
1 year 0.800 0.800 0.800

Interest Paid Monthly

Term
to
Maturity
For Investments of
$5,000
to
$99,999.99
$100,000
to
$249,999.99
$250,000
to
$999,999.99
[%] [%] [%]
1 year 0.675 0.675 0.675

Prior Redemption Rates

Elapsed Term Redemption Rate [%]
1 to 29 days 0.000

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.