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Guaranteed Investment Certificates (GICs)

Benefits of a GIClegal disclaimer 1

A GIC is a secure investment that guarantees 100% of your principal and interest when you hold it to maturity. Depending on the GIC, you can earn interest at a fixed rate, variable rate or based on a specific formula. At RBC Royal Bank, you have access to a broad range of GICs, making it easy to find one that fits your goals.

Safe and Secure

Invest with peace of mind knowing that 100% of your principal and interest is guaranteed when held to maturity.

Flexible Terms and Payment Options

Choose from a variety of investment terms and interest payment frequencies that suits your needs.

Competitive Rates

Enjoy competitive rates that are guaranteed for the full term of your investment.

Choose from Three GIC Families

Most Popular

Guaranteed-Return GICs

Your interest rate is guaranteed, so you don’t need to worry about changes in the markets or the economy.

  • Both principal and interest payments are guaranteed when held to maturity
  • A great variety of product features, terms and interest payment options are available
  • Escalating rate options available

Explore Guaranteed-Return GICs

Interest Rate-Linked GICs

Offer a variable interest rate that is linked to changes in the Royal Bank Prime ratelegal disclaimer 2.

  • 100% principal and interest guaranteed when held to maturity.
  • If Prime rate increases, your investment earns a higher interest rate
  • If Prime rate decreases, you can cash out your investment and reinvest in another product

Explore Interest-Linked GICs

RBC Equity-Linked GICs

Enjoy the security of a GIC and the higher return potential that comes with an equity investment.

  • Your investment is positioned for growth
  • Principal is 100% protected when held to maturity.
  • Choose between a guaranteed minimum return and unlimited upside potential

Explore RBC Equity-Linked GICs

Compare GICs

Special GIC Rates

LIMITED TIME OFFER

3.75%1

on a 1-year U.S. Dollar Term Deposit.

Book an Appointment

2.05%legal disclaimer * on a 1 year term

Cashable GIC

Posted rate % Buy Now

2.70%legal disclaimer * on a 1 year term

Non-Redeemable GIC

Posted rate % Buy Now

2.80%legal disclaimer * on a 2 year term

Non-Redeemable GIC

Posted rate % Buy Now

3.10%legal disclaimer * on an 5 year term

Non-Redeemable GIC

Posted rate % Buy Now

GIC Tools & Calculators

GIC Selector

Find the right GIC for you in 4 easy steps. To get started, simply select the main goal you want to achieve.

Get Started

GIC Laddering Tool

See how a laddering strategy could benefit you.

Learn More

RBC Equity-Linked GICs Return Calculator

Get an indication of the current value of your GIClegal disclaimer 3

Learn More

Income Builder GIC Calculator

Create your own solution with an Income Builder GIC.

Learn More

Your Top GIC Questions Answered

GICs are one of the safest ways to protect and grow your money. Whether you’re looking for:

  • Cashable solutions that provide access to funds at any time
  • Short or longer term options
  • Guaranteed returns for most GICs* so you don’t have to worry about changes in the markets or the economy
  • Currency options so you can protect your Canadian or US dollar savings

Explore our GIC solutions.

* excludes Canadian Market Linked GICs. For Canadian Market linked GICs principal is guaranteed, interest is based on specific market returns

You can buy GICs:

  • Through RBC Online Banking if you have an RBC Royal Bank chequing or savings account, or an existing GIC.
  • Call us at 1-844-453-0552. We'll be happy to discuss your goals and help you choose the type of investments that best suit your objectives.
  • Visit your branch. We recommend booking an appointment ahead of time by calling us at 1-866-923-3020.

We have a broad range of GICs that can fit any goal. You can use our handy GIC Selector to help you determine the best solution for you. You can also work with an RBC advisor to help you choose the right investment that best fits your objectives.

You can also work with an RBC advisor to help you choose the right investment that best fits your objectives. We encourage you to use our online booking tool to schedule a time to speak with an advisor by phone.

Many GICs are eligible for registered plans (TFSA, RRSP, RRIF, RESP or RDSP); however, there are some that are not. Compare GICs to view the plan eligibility for all of our GICs.

View All FAQs

Open an Account

In a TFSA, interest earned from your GICs is tax-free.legal disclaimer 4,legal disclaimer 5

In an RRSP, interest earned from your GICs is not taxedlegal disclaimer 5,legal disclaimer 7 until it is withdrawn.

In an RESP, interest earned from your GICs is not taxed until it is withdrawn by the student.

When you hold a GIC in a non-registered investment account, any interest your GIC earns is subject to tax and must be added to your taxable income.

For Existing Clients:

Open Online

Open Online

Not a client: Call 1-800-463-3863

For Existing Clients:

Open Online

Open Online

Not a client: Call 1-800-463-3863

For Existing Clients:

Open Online

Open Online

Not a client: Call 1-800-463-3863

Once your account is opened, you can make a contribution to purchase the GICs you want to hold in it.

GoSmart is a service offered by RBC Direct Investing Inc. RBC Direct Investing Inc. and Royal Bank of Canada are separate corporate entities which are affiliated. RBC Direct Investing Inc. is a wholly owned subsidiary of Royal Bank of Canada and is a Member of the Canadian Investment Regulatory Organization and the Canadian Investor Protection Fund. Royal Bank of Canada and certain of its issuers are related to RBC Direct Investing Inc. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing Inc. ® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2026.
Benefits listed are not applicable for all types of GICs.
The rate of interest on Interest Rate-Linked GICs is calculated based on a discount from the RBC prime interest rate. The RBC prime interest rate is a reference rate for determining interest rates on Canadian dollar commercial loans in Canada and is subject to change. The RBC prime interest rate can be found at rbcroyalbank.com/rates/prime.html. You may obtain the current interest rate applicable to your Interest Rate-Linked GIC by signing into Online or Mobile Banking, by making inquiries at your local branch, or by calling us at 1-800-463-3863.
Based on the following information:
  • Base Level from the date of purchase (as indicated on your GIC certificate)
  • Participation Factor or minimum and maximum rates (as indicated on your GIC certificate)
  • Latest applicable index value or basket of stocks.
Special Rates are subject to change at anytime. Rates shown are calculated on a per annum basis. Eligible for personal balances only (includes both new purchases and renewals and balances in registered and non-registered plans). Available on certificates that pay interest semi-annually, annually and at maturity (compounded annually).
Other Notable Disclosures:
  • Funds will be available on the next business day following the date on which you have instructed us to redeem your GIC, or in the case of RBC Income Builder GIC, following the date on which a payment is made from the GIC.
  • Interest in a GIC will be calculated counting the first but not the last day of the term.
  • There is no fee charged for a purchase of GIC. If you transfer your GIC out to another financial institution, there will be a transfer out fee of $150 charged (applies to both registered or non-registered GICs – transfer out fee for non-registered GICs came into effect August 1, 2022)
  • You may provide us with instructions as to what to do with your GIC proceeds upon maturity. If your GIC is automatically renewed, you may cancel it upon renewal within 10 business days from the issuance (renewal) date, and if you do, your principal will be returned, but no interest will apply from the issuance to the cancellation date.
  • The GIC Client Agreement can be found at https://www.rbcroyalbank.com/dms/investments/clientacknowledgementforms.html. This GIC Client Agreement may be changed at any time, on notice to GIC holders.