The Prime-Linked Cashable GIC is a one-year cashable GIC with an annual interest rate linked to changes in the RBC Royal Bank® Canadian prime interest rate. The prime interest rate is a reference rate for determining interest rates on Canadian dollar commercial loans in Canada and is subject to change. Should the prime interest rate change during the term of your investment, the annual interest rate of this GIC is automatically adjusted. It is cashable at any time, and you’ll earn interest up to the date you cash it, if it is held 30 days or longer.
This GIC may be a good choice if you want to: