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Linked to Royal Bank Prime, Cashable at Any Time
The Prime-Linked Cashable GIC is a one-year cashable GIC with an annual interest rate linked to changes in the RBC Royal Bank® Canadian prime interest rate. Should the prime interest rate change during the term of your investment, the annual interest rate of this GIC is automatically adjusted. It is cashable at any time, and you’ll earn interest up to the date you cash it, if it is held 30 days or longer.
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Find a BranchIs This GIC Right for You?
This GIC may be an appropriate choice if you are looking to:
- Take advantage of increases in rates
- Maintain complete access to funds
- Continually roll over short-term GICs
Key Features
Benefits
Opportunity
Interest rate increases as Royal Bank Prime increases3.
Access to Funds
Easy access to capital. Cashable at any time.
Convenience
Benefit from any increase in interest rates without the renewals that are necessary with short term instruments.
Interest Rates
Rates for 20 March 2023
Prime-Linked Cashable GIC
Interest Paid Semi-Annually
| Term to Maturity | $5,000 to $49,999.99 [%] |
$50,000 to $99,999.99 [%] |
$100,000 to $249,999.99 [%] |
$250,000 to $999,999.99 [%] |
$1,000,000 and over [%] |
|---|---|---|---|---|---|
| 1 year | 4.250 | 4.250 | 4.250 | 4.450 | 4.700 |
Interest Paid at Maturity
| Term to Maturity | $5,000 to $49,999.99 [%] |
$50,000 to $99,999.99 [%] |
$100,000 to $249,999.99 [%] |
$250,000 to $999,999.99 [%] |
$1,000,000 and over [%] |
|---|---|---|---|---|---|
| 1 year | 4.250 | 4.250 | 4.250 | 4.450 | 4.700 |
Interest Paid Monthly
| Term to Maturity | $5,000 to $49,999.99 [%] |
$50,000 to $99,999.99 [%] |
$100,000 to $249,999.99 [%] |
$250,000 to $999,999.99 [%] |
$1,000,000 and over [%] |
|---|---|---|---|---|---|
| 1 year | 4.150 | 4.150 | 4.150 | 4.350 | 4.600 |
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, visit invest online, 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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