Earn Higher Returns While Reducing the Effects of Interest Rate Fluctuations

The Five-in-One GIC allows you to follow a “laddering” investment strategy to even out the effect of yearly interest rate fluctuations. Your principal is divided into five equal portions with maturities of one to five years. This way, your maturity dates are spread out so that a portion of your investment matures each year — reducing your reinvestment risk. Each portion earns the same interest rate, which is the equivalent to a longer term GIC rate. As each part matures, you have three choices:

  • Reinvest the funds automatically for a five-year non-redeemable GIC and continue to follow a laddering strategy.
  • Use the funds to pursue another investment goal.
  • Cash in the funds.
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Is This GIC Right for You?

This is an ideal GIC if you have a minimum of $5,000 to invest and you want a simple, hassle free way to ladder maturities. It is a natural choice if you would prefer earning long-term rates but have been investing for the short term in expectation of rising interest rates.

Key Features

  • Minimum Investment: $5,000
  • Terms: 5 years
  • Returns: Principal and interest payments are guaranteed
  • Interest Payment Options:
    • Monthly
    • Semi-annually
    • Annually
    • At maturity (interest compounded annually)
  • Access to Funds: No. A portion of the funds becomes available at each anniversary.
  • Plan Eligibility: Non-Registered only
  • CDIC Eligible: Yes

Benefits

Earnings

Higher returns than short-term GIC rates

Convenience

Provides a convenient way to ladder maturities without having to track and manage separate certificates.

Flexibility

Access to 20% of principal annually

Reduced Risk

Diversification of investment terms reduces potential risk associated with fluctuating interest rates

Changing Interest Rates

Ability to take advantage of changing interest rates over time

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