Interest Rates That Increase Every Year

The RateAdvantage GIC is an “escalator” or “step-rate” GIC — it offers you competitive interest rates that are guaranteed to increase each year. RateAdvantage GICs may be either cashable, giving you flexibility to access your funds on each anniversary date should the need arise, or non-redeemable.

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Is This GIC Right for You?

The RateAdvantage GIC is an excellent investment alternative if you want to have access to competitive rates that are guaranteed to increase each year. If you wish to maintain access to your funds, the cashable version offers the added flexibility of being able to access your funds on any anniversary date.

Key Features

  • Minimum Investment: $1,000
  • Terms: 2, 3 and 5 years
  • Returns: Principal and interest payments are guaranteed
  • Interest Payment Options:
    • Annually
    • At maturity (interest compounded annually)1
  • Access to Funds: No. For the cashable version, funds are accessible on each anniversary date
  • Plan Eligibility: Non-Registered only
  • CDIC Eligible: Yes2

Benefits

Competitive Interest Rates

Rates that are guaranteed to increase on each anniversary date over the term of the investment.2

Flexibility

Choice of cashable or non-redeemable version

Access to Funds

Funds accessible on each anniversary date – in cash or to re-invest if interest rates rise (cashable version)

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