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Competitive Returns Without a Long-Term Commitment
The One-Year Cashable GIC offers a competitive interest rate and maximum flexibility, without the need for a long-term commitment. It’s cashable at any time, and interest is paid right up to the date it’s cashed as long as you’ve held the investment for 30 days or more.
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The One-Year Cashable GIC is an ideal investment alternative if you want to earn a guaranteed competitive return while maintaining maximum access to your funds.
Key Features
- Minimum Investment: $1,0001,2
- Terms: 1 year
- Returns: The rate of return is fixed, and the principal is guaranteed.
-
Interest Payment Options:
- Monthly2
- Semi-annually
- At maturity
- At time of redemption if held 30 days or longer
- Access to Funds: Fully or partially cashable at any time.3
- CDIC Eligible: Yes2
Benefits
Competitive Interest Rates
Competitive interest rates without long-term commitment – one-year term.
Flexibility
Easy access to your money when you need it.
Security
Guaranteed rate of return
Penalty Free
Cashable in Full or in Part after 30 Days
- No interest paid if cashed in the first 29 days
- Interest is calculated on a daily basis for early redemption, if held a minimum of 30 days
Interest Rates
Rates for 24 April 2024
One-Year Cashable GIC
Interest Paid Semi-Annually
| Term to Maturity | $1,000 to $99,999.99 [%] |
$100,000 to $249,999.99 [%] |
$250,000 to $999,999.99 [%] |
|---|---|---|---|
| 1 year | 2.250 | 2.250 | 2.250 |
Interest At Maturity
| Term to Maturity | $1,000 to $99,999.99 [%] |
$100,000 to $249,999.99 [%] |
$250,000 to $999,999.99 [%] |
|---|---|---|---|
| 1 year | 2.250 | 2.250 | 2.250 |
Interest Paid Monthly
| Term to Maturity | $5,000 to $99,999.99 [%] |
$100,000 to $249,999.99 [%] |
$250,000 to $999,999.99 [%] |
|---|---|---|---|
| 1 year | 2.125 | 2.125 | 2.125 |
Prior Redemption Rates
| Elapsed Term | Redemption Rate [%] |
|---|---|
| 1 to 29 days | 0.000 |
Notes
Interest rates are subject to change without notice at any time.
Rates shown are calculated on a per annum basis.
To purchase these GICs, Sign in to Online Banking, 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.
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