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Guaranteed Investment Certificates (GICs) are ideal investments if you want to invest for a specific term at a guaranteed rate without risking your initial investment. Your investment earns interest, at either a fixed rate, or based on a pre-determined formula. In general, GICs with longer terms earn higher interest rates. GICs often form the foundation of a well-balanced portfolio.

GIC Benefits*:

  • Security and safety–both your original investment and interest rate are guaranteed.
  • Competitive interest rates–guaranteed for the full term of the investment.
  • Flexible investment terms–ranging from 30 day to five, seven or 10 years.
  • Choice of interest payment frequencies.
  • Eligible for registered investment plans.

*Benefits listed are not applicable for all types of GICs.

Return of the RBC Market Access GICs are not guaranteed.


Key Features of GICs:

Two types for greater flexibility

  • Guaranteed-return GICs guarantee that your money will grow as expected.
  • RBC MarketSmart® GICs offer you the growth potential of equity markets by linking to one or more indices. Your principal is guaranteed, while return(3) is variable and will depend on the performance of the underlying investment. Some of these GICs offer a guaranteed minimum rate of return.

Redeemable – Redeemable GICs (term deposits) may be redeemed prior to maturity. A lower interest rate applies to early redemptions.

Non-redeemable – Non-redeemable GICs are not redeemable prior to maturity.

Get a Head Start on Your Retirement Try the RSP-Matic® calculator to see how much your money will grow, if you start now vs. starting later. Get Started >


^ These GICs do not pay you regular interest income or provide a guaranteed rate of return. It is possible that there may be no return. For full product details, including how the varaible return is calculated, please click on the relevant GIC instead on this page, visit your nearest RBC branch or call 1-800-463-3863.

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® Registered trademarks of Royal Bank of Canada.