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Non-Redeemable and Redeemable GICs offer a fixed rate of return for a specific term, with both principal and interest guaranteed.

Is It Right for You?

These are ideal investments if you want to:

  • Invest for a specific term at a guaranteed rate without risk
  • Have a choice of a wide variety of investment terms and interest payment frequencies
  • Minimize the impact of interest rate swings and tailor your investments to your personal needs

Ready to Buy a GIC or Need Advice?


You are on: Features & Benefits

Key Features(4):

Minimum Investment
  • $500 for RRSP, TFSA, RESP, RDSP
  • $1,000(1),
  • $5,000 (for terms between 30 – 364 days) or
  • $100,000 (for less than 30 days)
  • 1 to 364 days
  • 1 - 5, 7 or 10 years(2).
Interest Payment Options(4) Terms less than one year are payable:
  • at maturity
Terms greater than or equal to one year are payable:
  • Monthly(1),
  • Semi-annually
  • Annually
  • At maturity (interest compounded annually)

Guaranteed principal and interest rate(3)

View today’s rates: Redeemable and

Access to Funds

Non-redeemable GIC – No

Redeemable GIC – Yes, at a reduced rate

Plan Eligibility
  • Non-Redeemable GICs – Non-Registered, RRSPs, TFSAs, RESPs, RRIFs, LIFs and RDSP(4)
  • Redeemable GICs – Non-Registered, RRSPs, and TFSAs.(4)
CDIC (opens new window) Eligible Yes(2)


Security and Safety Both the original investment and interest payments are guaranteed
Competitive Interest Rates

Guaranteed for the full term of the investment(3)

View today’s rates: Redeemable and

Flexibility Choice of terms, interest payment options, and plan eligibility.

1) $5,000 for clients who wish to receive interest monthly.
2) GICs with seven and 10 year terms are not eligible for CDIC coverage.
3) When held to maturity.
4) Not all features are available for all plan types.

You are on: Interest Rates

Expand Non-Redeemable GIC

Expand Redeemable GIC

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.
+ For an interest rate quotation for deposits of $5 million and over, please contact a Royal Bank branch or call 1-800-769-2599.
1) Rate information does not apply to this range of terms (not applicable).