The Simplicity of Automatic Contributions with the Security of a Fixed Interest Rate

The Building Block GIC lets you accumulate a predetermined amount of funds with pre-authorized purchases (weekly, biweekly or monthly) for a one-year term. You earn the same interest rate for the entire term, no matter the size of your principal.

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1-800-463-3863

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Is This GIC Right for You?

This is an excellent approach if you want to:

  • Save towards a specific goal such as a vacation, car, tuition or down payment
  • Enjoy the convenience of automatic contributions

Key Features

  • Minimum Investment: $1,000
  • Purchase Options:
    Pre-authorized purchase options:
    • $10 weekly
    • $25 biweekly
    • $50 monthly
  • Terms: 1 year
  • Interest Payment Options: Interest paid at maturity
  • Returns: Earn a competitive interest rate for the entire term
  • Access to Funds: Yes, at a reduced rate
  • CDIC Eligible: Yes
  • Prior Redemption Rate: Set at time of initial purchase for principal invested for at least six months (183 days)

Benefits

Eligible for Automatic Purchases

Yes – weekly, biweekly or monthly

Competitive Interest Rates

Earnings at fixed, competitive rates even while principal is being accumulated

Security and Safety

The security of achieving a future investment goal over time, with the guarantee of a fixed rate

Interest Rates

View Interest Rates

Ready to Get Started?

Call our 24/7 Business Helpline
1-800-463-3863
Locate a Branch Near You
Find a Branch
If You Already Have an RBC Account You Can Purchase Now
Sign in to Online Banking