{"id":87535,"date":"2024-06-07T16:50:22","date_gmt":"2024-06-07T20:50:22","guid":{"rendered":""},"modified":"2024-09-06T11:49:34","modified_gmt":"2024-09-06T15:49:34","slug":"striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/","title":{"rendered":"Striking the Right Balance: Why Investors Shouldn&#8217;t Pit GICs vs Mutual Funds"},"content":{"rendered":"<div class=\"wp-block-rbc-single-article-header\">\n\t<section class=\"section-grey cover pad-t-hlf\">\n\t\t<div class=\"section-inner w-half w-mob-full centered-margin cover section-grey pad-tb-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/investing\/\">\n\t\t\t\t\t\t\t<span>Investing<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<h1 class=\"mar-b-hlf mar-t-0 mob-pad-lr-hlf h2 has-black-color\">Striking the Right Balance: Why Investors Shouldn&#8217;t Pit GICs vs Mutual Funds<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By the Inspired Investor Team<\/p>\t\t\t\t\t<div class=\"featured-image-wrapper pos-rel\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?quality=80\" class=\" cover-image  wp-post-image\" alt=\"A woman on her laptop\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg 5844w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?resize=768,512 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?resize=1024,683 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?resize=1536,1024 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?resize=2048,1365 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t<div class=\"article mar-t-dbl\">\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner socials-section\">\n\t\t\t\t<div class=\"top-socials-bar mob-mar-b-hlf\">    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Striking the Right Balance: Why Investors Shouldn&#8217;t Pit GICs vs Mutual Funds &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  <\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner w-half w-mob-full centered-margin pad-tb-0 mob-mar-t-hlf mob-mar-b\">\n\t\t\t\t<p class=\"cover-pub-line text-xs mar-b-hlf\">Published June 7, 2024 \u2022 6 Min Read<\/p>\t\t\t<\/div>\n\t\t<\/section>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner w-half w-mob-full\" style=\"border-radius:0x\">\n<p>If there\u2019s one rule of investing most people should follow, it\u2019s to stay diversified. A portfolio that combines both stocks and bonds, for example, can better weather different market conditions because these assets tend to rise and fall at different times. Investors can also strike a balance by holding some of their money in both cash-like and market-based investments.<\/p>\n\n\n\n<p>This is where&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/investments\/gics.html\" data-dig-id=\"LP-87535-91b9eb67\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Guaranteed Investment Certificates\" class=\"rbc-link-format\">Guaranteed Investment Certificates<\/a>&nbsp;(GICs) and&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/investments\/mutual-funds.html\" data-dig-id=\"LP-87535-c77dbc65\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"mutual funds\" class=\"rbc-link-format\">mutual funds<\/a>&nbsp;come in. These two popular investment products can complement each other in a diversified portfolio, and instead of trying to choose whether to invest in GIC or mutual funds, there may be a reason to include both. GICs typically offer lower risk and steady income, whereas mutual funds potentially have more risk with the chance for enhanced long-term returns.<\/p>\n\n\n\n<p>We\u2019ve provided a breakdown of the key benefits of GICs and mutual funds to help you begin to navigate your decision.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a href=\"https:\/\/www.rbcroyalbank.com\/investments\/gics.html\" data-dig-id=\"LP-87535-32509631\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"What is a GIC?\" class=\"rbc-link-format\">What is a GIC?<\/a><\/h2>\n\n\n\n<p>A&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/what-are-gics-and-why-is-everyone-talking-about-them\/\" data-dig-id=\"LP-87535-a6977de9\" data-dig-label=\"GIC&nbsp;\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">GIC<\/a> is a low-risk investment that guarantees 100 per cent principal protection, when the investment is held to maturity. You can choose to invest your money for a certain period of time \u2013 i.e. a few days or several years, in exchange for a certain rate of interest. GICs can be a good option at any stage of life, depending on your needs. They are often used in retirement as well as for short- and medium-term goals, such as a purchasing a home or a car, where you can\u2019t afford short-term volatility impacting your investments. Typically, they are best suited for investors who have a time horizon of between three to five years or have a low risk tolerance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Understanding GICs<\/h2>\n\n\n\n<table class=\"table-stack wp-block-rbc-stackable-table-block regular is-style-table-striped col-stack\"><caption class=\"offscreen\">GICs<\/caption><tbody><tr><td><strong>GIC<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td><strong>Benefits<\/strong><\/td><td><strong>Safety:&nbsp;<\/strong>There is no risk to your principal and you can potentially earn more interest in a GIC than in a traditional savings account.<\/td><\/tr><tr><td><strong>Fees<\/strong><\/td><td>None<\/td><\/tr><tr><td><strong>Minimum investment<\/strong><\/td><td>As little as $500<\/td><\/tr><tr><td><strong>Risk level<\/strong><\/td><td>Dependent on GIC selected<\/td><\/tr><tr><td><strong>CIDC eligible?<\/strong><\/td><td>Yes, GICs are covered for up to $100,000 if issued by a CDIC member institution, subject to account limitations.<\/td><\/tr><tr><td><strong>Holding periods<\/strong><\/td><td>GIC terms can range from&nbsp;several days&nbsp;to several years<\/td><\/tr><tr><td><strong>Liquidity \u2013 how accessible is your money?<\/strong><\/td><td><strong>Discourages early withdrawals<\/strong>&nbsp;\u2013 Some GICs may forfeit any interest earned or charge a penalty if you sell before the end of the investment term. If you need more flexibility, consider a redeemable GIC. While you may get a lower interest rate you can take your money out at any&nbsp;time<\/td><\/tr><tr><td><strong>Taxation<\/strong><\/td><td><strong>Interest Income<\/strong>&nbsp;\u2013 Interest earned on GICs is considered taxable income if held outside a registered account.<\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\">What is a&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/investments\/mutual-funds.html\" data-dig-id=\"LP-87535-ed1f587e\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Mutual Fund\" class=\"rbc-link-format\">Mutual Fund<\/a>?<\/h2>\n\n\n\n<p>A&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/what-do-i-actually-own-when-i-buy-a-mutual-fund\/\" data-dig-id=\"LP-87535-13542250\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"mutual fund\" class=\"rbc-link-format\">mutual fund<\/a>&nbsp;is an investment vehicle that is managed by a professional fund manager who does all the analysis, security selection, and risk management for the mutual fund. Mutual Funds may hold stocks, bonds or a variety of other investments consistent with the mandate of the mutual fund. People tend to put longer-term savings in mutual funds, such as money for a home, a child\u2019s university education and retirement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Understanding Mutual Funds<\/h2>\n\n\n\n<p>Before beginning your investment journey, it is important to understand that your financial decision should align with your investment objectives and financial goals. A conversation with your advisor can help determine the right fit for you.<\/p>\n\n\n\n<table class=\"table-stack wp-block-rbc-stackable-table-block is-style-table-striped col-stack\"><tbody><tr><td><strong>Mutual Funds<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td><strong>Benefits<\/strong><\/td><td><strong>Diversification<\/strong>:&nbsp;&nbsp;Your Advisor can make investment recommendations that span across a range of securities, sectors, geographies and asset classes.&nbsp;There are also targeted funds that invest in specific regions or industries. Recommendations for specific Mutual Funds will depend on the client\u2019s objectives and financial plan.<br>&nbsp;<br>Mutual Funds also offer the opportunity for regular investing through PACs (Preauthorized Contributions) which allow for \u201c<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/dollar-cost-averaging-what-it-is-and-how-to-make-it-work-for-you\/\" data-dig-id=\"LP-87535-ae054d0c\" data-dig-label=\"dollar-cost averaging\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">dollar-cost averaging<\/a>\u201d that can potentially support higher long-term returns. &nbsp;<\/td><\/tr><tr><td><strong>Fees<\/strong><\/td><td>Fees are dependent on mutual fund selected. (See Fund Facts and Prospectus for the applicable Mutual Fund before purchasing.)<\/td><\/tr><tr><td><strong>Minimum investment<\/strong><\/td><td>Dependent on the Mutual Fund selected, but could be as&nbsp;little as $25&nbsp;<\/td><\/tr><tr><td><strong>Risk level<\/strong><\/td><td>Dependent on the Mutual Fund selected<\/td><\/tr><tr><td><strong>CIDC eligible?<\/strong><\/td><td>No<\/td><\/tr><tr><td><strong>Holding periods<\/strong><\/td><td>None<\/td><\/tr><tr><td><strong>Liquidity \u2013 how accessible is your money?<\/strong><\/td><td>Mutual Funds are redeemable at any time, subject to trade settlement requirements.&nbsp;<\/td><\/tr><tr><td><strong>Taxation<\/strong><\/td><td>Taxable outside of registered accounts, with the potential for preferred tax treatment if capital gains or dividend income is generated.&nbsp; (To ensure that your own circumstances have been properly considered and that action is taken based on the latest information available, you should obtain professional advice from a qualified tax advisor.)<\/td><\/tr><\/tbody><\/table>\n\n\n\n<p><br>Investors contemplating \u201cGICs vs. Mutual Funds,\u201d may in fact benefit from the right mix of both investment options to achieve their goals.&nbsp;<\/p>\n\n\n\n<p class=\"has-rbc-bright-blue-tint-4-background-color has-background\">Book an appointment today through&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/dms\/investments\/myadvisor\/client-email-pe.html?em=sche\" data-dig-id=\"LP-87535-ff3571b3\" data-dig-label=\"MyAdvisor&nbsp;\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">MyAdvisor<\/a> or&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/dms\/investments\/CAB\/index.html\" data-dig-id=\"LP-87535-cfeba519\" data-dig-label=\"RBC Online Banking\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">RBC Online Banking<\/a>&nbsp;to arrange a personalized conversation with a&nbsp;advisor&nbsp;who can help you clarify and define the right approach for you.<\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-87535-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>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.<\/p>\n\n\n\n<p>Mutual Funds are sold by Royal Mutual Funds Inc. (RMFI). There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Please read the Fund Facts\/prospectus before investing. Mutual fund securities are not insured by the Canada Deposit Insurance Corporation. For funds other than money market funds, unit values change frequently. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in a fund will be returned to you. Past performance may not be repeated. RMFI is licensed as a financial services firm in the province of Quebec.<\/p>\n\n\n\n<p>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.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-5520037b-bece-48ea-97b1-3a499b0bd082\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"has-text-align-center h5 mar-b\"><strong>Share This Article<\/strong><\/p>\n\n\n\n\t\t<div class=\"socials-block\">\n\t\t\t    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Striking the Right Balance: Why Investors Shouldn&#8217;t Pit GICs vs Mutual Funds &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  \t\t<\/div>\n\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-4c2e0c50-decc-45ce-a8b8-3e3f9f27a685\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\t\t\t<div class=\"wp-block-rbc-single-post-topics related-topics-links\">\n\t\t\t\t<p class=\"h5 mar-r-hlf\">Topics:<\/p>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/gic\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">GIC<\/a>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/investing\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Investing<\/a>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/mutual-funds\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Mutual Funds<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mob-pad-t-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading mar-b mob-mar-b-dbl mar-t-0\" id=\"h-read-this-next\">Read This Next<\/h2>\n\n\n\t\t\t<div class=\"related-posts-type-2\">\n\t\t\t\t<div class=\"related-post-list\">\n\t\t\t\t\t<ul class=\"grid-wpr eh-wpr\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"584\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/04\/Investing-and-Saving_1856x1058.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"A couple typing on their laptop and mobile phone.\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/04\/Investing-and-Saving_1856x1058.jpg 1856w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/04\/Investing-and-Saving_1856x1058.jpg?resize=300,171 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/04\/Investing-and-Saving_1856x1058.jpg?resize=768,438 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/04\/Investing-and-Saving_1856x1058.jpg?resize=1024,584 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/04\/Investing-and-Saving_1856x1058.jpg?resize=1536,876 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/ideas-and-motivation\/\">\n\t\t\t\t\t\tIdeas and Motivation\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/ideas-and-motivation\/should-you-be-investing-or-saving-right-now\/\" class=\"card-title h4 mar-t-0\">Should I Invest or Save?<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"620\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TDD-2.jpg?quality=80&amp;w=930\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Young man working at a desk with a laptop and looking at a paper desk calendar.\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TDD-2.jpg 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TDD-2.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TDD-2.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/\">\n\t\t\t\t\t\tInvesting Academy\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/last-minute-rrsp-planning-deadline-limits-and-more\/\" class=\"card-title h4 mar-t-0\">RRSP Contribution Deadline &amp; Limits Guide<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/How-TFSA-work-shutterstock_2382160079.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"A young woman deep in thought\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/How-TFSA-work-shutterstock_2382160079.jpg 8640w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/How-TFSA-work-shutterstock_2382160079.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/How-TFSA-work-shutterstock_2382160079.jpg?resize=768,512 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/How-TFSA-work-shutterstock_2382160079.jpg?resize=1024,683 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/How-TFSA-work-shutterstock_2382160079.jpg?resize=1536,1024 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/How-TFSA-work-shutterstock_2382160079.jpg?resize=2048,1365 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/\">\n\t\t\t\t\t\tAccount Types\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/tax-free-savings-account\/\" class=\"card-title h4 mar-t-0\">TFSA Accounts: What They Are and How They Work<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-5520037b-bece-48ea-97b1-3a499b0bd082 {\n\t\theight: 96px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-5520037b-bece-48ea-97b1-3a499b0bd082 {\n\t\t\theight: 30px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-4c2e0c50-decc-45ce-a8b8-3e3f9f27a685 {\n\t\theight: 60px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-4c2e0c50-decc-45ce-a8b8-3e3f9f27a685 {\n\t\t\theight: 30px;\n\t\t}\n\t}\t<\/style>","protected":false},"excerpt":{"rendered":"<p>Full comparison of benefits, fees, risk, taxation, and more. Understand the differences to find the best mix for your financial goals.<\/p>\n","protected":false},"author":80,"featured_media":87538,"parent":57991,"menu_order":0,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[260,570,249],"rbc_content_type":[31],"rbc_audience":[],"rbc_lob_group":[71],"rbc_difficulty_level":[33],"rbc_mmm_category":[393,320,394,374,372],"class_list":["post-87535","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-gic","tag-investing","tag-mutual-funds","rbc_content_type-article","rbc_lob_group-investments","rbc_difficulty_level-beginner","rbc_mmm_category-inspired-investor","rbc_mmm_category-investing","rbc_mmm_category-investing-academy","rbc_mmm_category-investing-basics","rbc_mmm_category-types-of-investments"],"acf":{"contently_publication_id":"310428","custom_author":"the Inspired Investor Team","rbc_video_header":"","rbc_media_duration":"","rbc_video_keywords":"","rbc_video_description":"","rbc_video_upload_date":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":null,"rbc_toc_for_mmm_action":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<meta name=\"description\" content=\"Full comparison of benefits, fees, risk, taxation, and more. Understand the differences to find the best mix for your financial goals.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:description\" content=\"Full comparison of benefits, fees, risk, taxation, and more. Understand the differences to find the best mix for your financial goals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Royal Bank\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-06T15:49:34+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?quality=80\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/\"},\"author\":{\"name\":\"jacquelinewu\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e\"},\"headline\":\"Striking the Right Balance: Why Investors Shouldn&#8217;t Pit GICs vs Mutual Funds\",\"datePublished\":\"2024-06-07T20:50:22+00:00\",\"dateModified\":\"2024-09-06T15:49:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/\"},\"wordCount\":1190,\"image\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?quality=80\",\"keywords\":[\"GIC\",\"Investing\",\"Mutual Funds\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/\",\"url\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/\",\"name\":\"Striking the Right Balance: Why Investors Shouldn't Pit GICs vs Mutual Funds - My Money Matters\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?quality=80\",\"datePublished\":\"2024-06-07T20:50:22+00:00\",\"dateModified\":\"2024-09-06T15:49:34+00:00\",\"description\":\"Full comparison of benefits, fees, risk, taxation, and more. Understand the differences to find the best mix for your financial goals.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/#primaryimage\",\"url\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?quality=80\",\"contentUrl\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?quality=80\",\"width\":5844,\"height\":3896,\"caption\":\"A woman on her laptop\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"My Money Matters\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Inspired Investor\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Investing Academy\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Striking the Right Balance: Why Investors Shouldn&#8217;t Pit GICs vs Mutual Funds\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#website\",\"url\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/\",\"name\":\"RBC Royal Bank\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e\",\"name\":\"jacquelinewu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g\",\"caption\":\"jacquelinewu\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"description":"Full comparison of benefits, fees, risk, taxation, and more. Understand the differences to find the best mix for your financial goals.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/","og_locale":"en_US","og_type":"article","og_description":"Full comparison of benefits, fees, risk, taxation, and more. Understand the differences to find the best mix for your financial goals.","og_url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/","og_site_name":"RBC Royal Bank","article_modified_time":"2024-09-06T15:49:34+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?quality=80","twitter_misc":{"Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/#article","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/"},"author":{"name":"jacquelinewu","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e"},"headline":"Striking the Right Balance: Why Investors Shouldn&#8217;t Pit GICs vs Mutual Funds","datePublished":"2024-06-07T20:50:22+00:00","dateModified":"2024-09-06T15:49:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/"},"wordCount":1190,"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?quality=80","keywords":["GIC","Investing","Mutual Funds"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/","name":"Striking the Right Balance: Why Investors Shouldn't Pit GICs vs Mutual Funds - My Money Matters","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/#primaryimage"},"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?quality=80","datePublished":"2024-06-07T20:50:22+00:00","dateModified":"2024-09-06T15:49:34+00:00","description":"Full comparison of benefits, fees, risk, taxation, and more. Understand the differences to find the best mix for your financial goals.","breadcrumb":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/#primaryimage","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?quality=80","contentUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?quality=80","width":5844,"height":3896,"caption":"A woman on her laptop"},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"My Money Matters","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/"},{"@type":"ListItem","position":2,"name":"Inspired Investor","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/"},{"@type":"ListItem","position":3,"name":"Investing Academy","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/"},{"@type":"ListItem","position":4,"name":"Striking the Right Balance: Why Investors Shouldn&#8217;t Pit GICs vs Mutual Funds"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/","name":"RBC Royal Bank","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcroyalbank.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e","name":"jacquelinewu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g","caption":"jacquelinewu"}}]}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Striking the Right Balance: Why Investors Shouldn&#8217;t Pit GICs vs Mutual Funds","url":"http:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/inspired-investor\/investing-academy\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\/"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?quality=80&w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?quality=80"},"articleSection":"Uncategorized","author":[{"@type":"Person","name":"jacquelinewu"}],"creator":["jacquelinewu"],"publisher":{"@type":"Organization","name":"RBC Royal Bank","logo":""},"keywords":["gic","investing","mutual funds"],"dateCreated":"2024-06-07T20:50:22Z","datePublished":"2024-06-07T20:50:22Z","dateModified":"2024-09-06T15:49:34Z"},"rendered":"<script type=\"application\/ld+json\" class=\"wp-parsely-metadata\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Striking the Right Balance: Why Investors Shouldn&#8217;t Pit GICs vs Mutual Funds\",\"url\":\"http:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/inspired-investor\\\/investing-academy\\\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/inspired-investor\\\/investing-academy\\\/striking-the-right-balance-why-investors-shouldnt-pit-gics-vs-mutual-funds\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2024\\\/06\\\/shutterstock_2233829799.jpg?quality=80&w=150&h=150&crop=1\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2024\\\/06\\\/shutterstock_2233829799.jpg?quality=80\"},\"articleSection\":\"Uncategorized\",\"author\":[{\"@type\":\"Person\",\"name\":\"jacquelinewu\"}],\"creator\":[\"jacquelinewu\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"RBC Royal Bank\",\"logo\":\"\"},\"keywords\":[\"gic\",\"investing\",\"mutual funds\"],\"dateCreated\":\"2024-06-07T20:50:22Z\",\"datePublished\":\"2024-06-07T20:50:22Z\",\"dateModified\":\"2024-09-06T15:49:34Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/rbcroyalbank.com\/p.js"},"featured_img":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/06\/shutterstock_2233829799.jpg?quality=80&w=1024","coauthors":[],"author_meta":{"author_link":"https:\/\/www.rbcroyalbank.com\/en-ca\/author\/jacquelinewu\/","display_name":"jacquelinewu"},"relative_dates":{"created":"Posted 2 years ago","modified":"Updated 2 years ago"},"absolute_dates":{"created":"Posted on June 7, 2024","modified":"Updated on September 6, 2024"},"absolute_dates_time":{"created":"Posted on June 7, 2024 4:50 pm","modified":"Updated on September 6, 2024 11:49 am"},"featured_img_caption":"","tax_additional":{"post_tag":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/gic\/\" class=\"advgb-post-tax-term\">GIC<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/investing\/\" class=\"advgb-post-tax-term\">Investing<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/mutual-funds\/\" class=\"advgb-post-tax-term\">Mutual Funds<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">GIC<\/span>","<span class=\"advgb-post-tax-term\">Investing<\/span>","<span class=\"advgb-post-tax-term\">Mutual Funds<\/span>"],"slug":"post_tag","name":"Tags"},"rbc_content_type":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/content-type\/article\/\" class=\"advgb-post-tax-term\">Article<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Article<\/span>"],"slug":"rbc_content_type","name":"Content Types"},"rbc_audience":{"linked":[],"unlinked":[],"slug":"rbc_audience","name":"Audiences"},"rbc_lob_group":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/lob-group\/investments\/\" class=\"advgb-post-tax-term\">Investments<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Investments<\/span>"],"slug":"rbc_lob_group","name":"LOB Groups"},"rbc_difficulty_level":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/difficulty-level\/beginner\/\" class=\"advgb-post-tax-term\">Beginner<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Beginner<\/span>"],"slug":"rbc_difficulty_level","name":"Difficulty Levels"},"rbc_mmm_category":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/inspired-investor\/\" class=\"advgb-post-tax-term\">Inspired Investor<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/investing\/\" class=\"advgb-post-tax-term\">Investing<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/investing-academy\/\" class=\"advgb-post-tax-term\">Investing Academy<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/investing-basics\/\" class=\"advgb-post-tax-term\">Investing Basics<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/types-of-investments\/\" class=\"advgb-post-tax-term\">Types of Investments<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Inspired Investor<\/span>","<span class=\"advgb-post-tax-term\">Investing<\/span>","<span class=\"advgb-post-tax-term\">Investing Academy<\/span>","<span class=\"advgb-post-tax-term\">Investing Basics<\/span>","<span class=\"advgb-post-tax-term\">Types of Investments<\/span>"],"slug":"rbc_mmm_category","name":"Categories"},"ep_custom_result":{"linked":[],"unlinked":[],"slug":"ep_custom_result","name":"Custom Results"}},"series_order":"","jetpack_sharing_enabled":true,"primary_tag":"570","primary_rbc_mmm_category":"393","_links":{"self":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/87535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter"}],"about":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/types\/rbc_my_money_matter"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/users\/80"}],"version-history":[{"count":14,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/87535\/revisions"}],"predecessor-version":[{"id":89536,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/87535\/revisions\/89536"}],"up":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media\/87538"}],"wp:attachment":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media?parent=87535"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/tags?post=87535"},{"taxonomy":"rbc_content_type","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_content_type?post=87535"},{"taxonomy":"rbc_audience","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_audience?post=87535"},{"taxonomy":"rbc_lob_group","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_lob_group?post=87535"},{"taxonomy":"rbc_difficulty_level","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_difficulty_level?post=87535"},{"taxonomy":"rbc_mmm_category","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_mmm_category?post=87535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}