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3 Common GIC Myths Debunked

By the Inspired Investor team

Published September 1, 2023 • 1 Min Read

A GIC, or guaranteed investment certificate, is a secure way to invest your money that guarantees 100% of your original investment while earning you interest at a specified rate or based on a specific formula. But like most investments, there’s more to know. In our latest episode of Inspired Investor Talk, Rachel Megitt, Vice President, Term Investments & Savings, Personal Banking and Investments at RBC, clears up three common myths about GICs.

Learn more about GICs at RBC here.

Financial planning services and investment advice are provided by Royal Mutual Funds Inc. (RMFI). RMFI, RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated. RMFI is licensed as a financial services firm in the province of Quebec.

This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.

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