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The RateAdvantage GIC is an “escalator” or “step-rate” GIC — it offers you competitive interest rates that are guaranteed to increase each year. RateAdvantage GICs may be either cashable, giving you flexibility to access your funds on each anniversary date should the need arise, or non-redeemable.

Is It Right for You?

The RateAdvantage GIC is an excellent investment alternative if you want to have access to competitive rates that are guaranteed to increase each year. If you wish to maintain access to your funds, the cashable version offers the added flexibility of being able to access your funds on any anniversary date.

 

Ready to Buy a GIC or Need Advice?

 

You are on: Features & Benefits

Key Features:

Minimum Investment $1,000
Terms 2, 3 and 5 years
Interest Payment Options
  • Annually
  • At maturity (interest compounded annually)(1)
Returns

Principal and interest payments are guaranteed.

View today’s rates

Access to Funds No. For the cashable version, funds are accessible on each anniversary date
Plan Eligibility Non-Registered only
CDIC (opens new window) Eligible Yes

Benefits:

Competitive Interest Rates Rates that are guaranteed to increase on each anniversary date over the term of the investment.(2)
Flexibility Choice of cashable or non-redeemable version
Access to Funds Funds accessible on each anniversary date – in cash or to re-invest if interest rates rise (cashable version)

1) Available for non-redeemable version only
2) For Canadian residents, interest is reported for tax purposes using the yield-to-maturity rate rather than the actual interest paid each year, in accordance with Regulation 7000 of the Income Tax Act (Canada) (in Quebec, Regulation 92.5R of the Taxation Act [Quebec]). For non-residents, interest reported reflects the actual amount of interest paid each year.

You are on: Interest Rates

Rates for 16 April 2014

Cashable RateAdvantage GIC

Fully or partially cashable at each anniversary date, with no penalty

Interest Paid Annually at each Anniversary

Term
to
Maturity
Minimum Investment of $1,000
Year 1 Year 2 Year 3 Year 4 Year 5
[%] [%] [%] [%] [%]
2 Years 1.150 1.650 - - -
3 Years 1.350 1.500 2.000 - -
5 Years 1.150 1.300 1.500 1.750 3.750

RateAdvantage GIC (non-redeemable)

Not redeemable prior to maturity

Interest Paid Annually at each Anniversary or
Compounded Annually and Paid at Maturity

Term
to
Maturity
Minimum Investment of $1,000
Year 1 Year 2 Year 3 Year 4 Year 5
[%] [%] [%] [%] [%]
2 Years 1.000 1.850 - - -
3 Years 1.000 1.250 3.000 - -
5 Years 1.000 1.150 1.750 2.250 4.000

NOTES
Interest rates are subject to change without notice at any time.
Rates shown are calculated on a per annum basis.
For Canadian residents, interest is reported for tax purposes using the yield to maturity rate rather than the actual interest paid each year in accordance with Regulation 7000 of the Income Act (Canada) (in Quebec, Regulation 92.5R of the Taxation Act (Quebec)).
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.