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Security and Opportunity

If you want to take advantage of rising interest rates, an interest linked GIC may be the ideal investment. It offers a variable interest rate that is linked to changes in the Royal Bank Prime, which can change during the term of the investment. So, although your principal is 100% guaranteed, the interest earned at maturity is not guaranteed. If the Prime increases you benefit with a higher interest rate. If Prime decreases you can cash out your investment and reinvest in another product.

Interest Rate-Linked GIC Details
Prime-Linked Cashable GIC® A cashable GIC whose interest rate is linked to the RBC Royal Bank Canadian prime interest rate. Interest is paid if held for 30 days or longer.