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Rates

RateAdvantage GIC ®

 

Rates for 25 July 2008

Royal Bank GICs home page

Features:    Guaranteed interest rates that increase at each anniversary
                  Cashable and non-redeemable versions available

Cashable RateAdvantage GIC
RateAdvantage GIC (non-redeemable)

Cashable RateAdvantage GIC

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

Interest Paid Annually at each Anniversary

 Minimum investment of $1,000
Term to Maturity Year 1
[%] 
Year 2
[%] 
Year 3
[%] 
Year 4
[%] 
Year 5
[%]
2 Years2.0005.000 - - -
3 Years2.0002.6006.250 - -
5 Years2.0002.2502.7504.5007.750

RateAdvantage GIC (non-redeemable)

- Not redeemable prior to maturity

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

 Minimum investment of $1,000
Term to Maturity Year 1
[%] 
Year 2
[%] 
Year 3
[%] 
Year 4
[%] 
Year 5
[%] 
2 Years2.1005.000 - - -
3 Years2.1003.0006.000 - -
5 Years2.1002.5003.5004.2508.000

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 ROYAL® 9-9 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.

 

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