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3.00%The following non-registered GIC rates are current for . View GIC Rates for registered investments.
Guaranteed-Return GICs
With Guaranteed-Return GICs, your interest rate is guaranteed, so you don't need to worry about changes in the markets or economy.
| Term to Maturity | Interest Paid at Maturity*, Semi-Annually, Annually or at Maturity (Compounded Annually) | Interest Paid Monthly* |
|---|---|---|
| 30 - 59 days | - | |
| 60 - 89 days | - | |
| 90 - 179 days | - | |
| 180 - 269 days | - | |
| 270 - 364 days | - | |
| 1 year | ||
| 1.5 years | ||
| 2 years | ||
| 3 years | ||
| 4 years | ||
| 5 years | ||
| 7 years | ||
| 10 years |
Interest rates are subject to change without notice at any time. Rates shown are calculated on a per annum basis.
* For terms less than 1 year, interest is only paid at maturity.
| Term to Maturity | Interest Paid at Maturity*, Semi-Annually, Annually or at Maturity (Compounded Annually) | Interest Paid Monthly* |
|---|---|---|
| 30 - 59 days | - | |
| 60 - 89 days | - | |
| 90 - 179 days | - | |
| 180 - 269 days | - | |
| 270 - 364 days | - | |
| 1 year | ||
| 1.5 years | ||
| 2 years | ||
| 3 years | ||
| 4 years | ||
| 5 years | ||
| 7 years | ||
| 10 years |
Prior Redemption Rates
| Elapsed Term | Redemption Rate [%] |
|---|---|
| 1 - 29 days | |
| 30 - 59 days | |
| 60 - 179 days | |
| 180 - 364 days | |
| 1 - 2 years less a day | |
| 2 - 3 years less a day | |
| 3 - 4 years less a day | |
| 4 - 5 years less a day | |
| 5 years and greater |
Interest rates are subject to change without notice at any time. Rates shown are calculated on a per annum basis.
* For terms less than 1 year, interest is only paid at maturity.
| Term to Maturity | Interest Paid Semi-Annually or at Maturity | Interest Paid Monthly |
|---|---|---|
| 1 year |
Prior Redemption Rates
| Elapsed Term | Redemption Rate [%] |
|---|---|
| 1 - 29 days |
Interest rates are subject to change without notice at any time. Rates shown are calculated on a per annum basis.
Fully or partially cashable at each anniversary date, with no penalty.
Interest Paid Annually at each Anniversary
| Term to Maturity | Year 1 [%] | Year 2 [%] | Year 3 [%] | Year 4 [%] | Year 5 [%] |
|---|---|---|---|---|---|
| 2 Years | - | - | - | ||
| 3 Years | - | - | |||
| 5 Years |
Not redeemable prior to maturity.
Interest Paid Annually at each Anniversary or Compounded Annually and Paid at Maturity
| Term to Maturity | Year 1 [%] | Year 2 [%] | Year 3 [%] | Year 4 [%] | Year 5 [%] |
|---|---|---|---|---|---|
| 2 Years | - | - | - | ||
| 3 Years | - | - | |||
| 5 Years |
Interest rates are subject to change without notice at any time. Rates shown are calculated on a per annum basis.
For Canadian residents, interest is reported for tax purposes using the yield to maturity rate rather than the actual interest paid each year in accordance with Regulation 7000 of the Income Act (Canada) (in Quebec, Regulation 92.5R of the Taxation Act (Quebec)).
| Term to Maturity | Interest Paid at Maturity* | Interest Paid Annually* |
|---|---|---|
| 30 - 59 days | - | |
| 60 - 89 days | - | |
| 90 - 119 days | - | |
| 120 - 149 days | - | |
| 150 - 179 days | - | |
| 180 - 269 days | - | |
| 270 - 364 days | - | |
| 1 year | - | |
| 2 years | - | |
| 3 years | - | |
| 4 years | - | |
| 5 years and over | - |
Interest rates are subject to change without notice at any time. U.S. term deposits are not redeemable prior to maturity. Rates shown are calculated on a per annum, 365 or 366 (366 only if a leap year) day basis.
* For terms less than 1 year, interest is paid at maturity. For terms of one year or longer, interest is paid annually.
Interest-Linked GICs
An Interest Linked GIC guarantees your principal while offering a variable interest rate that is linked to changes in the RBC Royal Bank Prime rate.
| 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 |
| 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 |
| Elapsed Term | Redemption Rate [%] |
|---|---|
| 1 - 29 days |
Interest rates are subject to change without notice at any time. Rates shown are calculated on a per annum basis.
RBC Equity-Linked GICs2
RBC Equity-Linked GICs offer the security of a GIC and the higher return potential of an equity investment.
| Term to Maturity | Minimum Return† [%] | Maximum Return† [%] |
|---|---|---|
| 2 years | 3.50 | 17.00 |
| 3 years | 10.00 | 20.00 |
| 5 years | 12.00 | 30.00 |
† The Minimum Return and Maximum Return are discretionary, set by the Bank at the time of GIC purchase and are expressed as an interest rate per term. Interest rates are subject to change without notice at any time.
RBC Canadian Banking MarketSmart GIC
| Term to Maturity | Minimum Return† [%] | Maximum Return† [%] |
|---|---|---|
| 2 years | 5.00 | 20.00 |
| 3 years | 10.00 | 25.00 |
| 5 years | 17.50 | 40.00 |
† The Minimum Return and Maximum Return are discretionary, set by the Bank at the time of GIC purchase and are expressed as an interest rate per term. Interest rates are subject to change without notice at any time.
RBC Canadian Utilities MarketSmart GIC
| Term to Maturity | Minimum Return† [%] | Maximum Return† [%] |
|---|---|---|
| 2 years | 7.00 | 15.00 |
| 3 years | 12.00 | 20.00 |
| 5 years | 20.00 | 30.00 |
† The Minimum Return and Maximum Return are discretionary, set by the Bank at the time of GIC purchase and are expressed as an interest rate per term. Interest rates are subject to change without notice at any time.
RBC North American MarketSmart GIC
| Term to Maturity | Minimum Return† [%] | Maximum Return† [%] |
|---|---|---|
| 2 years | ||
| 3 years | ||
| 5 years |
† The Minimum Return and Maximum Return are discretionary, set by the Bank at the time of GIC purchase and are expressed as an interest rate per term. Interest rates are subject to change without notice at any time.
RBC Canadian Market-Linked GIC
Participation Factor for .
| Term to Maturity | |
|---|---|
| Participation Factor♦ | 20.000 [%] |
♦ The Participation Factor is discretionary and set by the Bank at the time of GIC purchase. It is expressed as a percentage rate and used to calculate the return of your GIC at maturity. The Participation Factor is subject to change without notice at any time.
| Term to Maturity | Participation Factor [%] |
|---|---|
| 4 years | |
| 6 years |
♦ The Participation Factor is discretionary and set by the Bank at the time of GIC purchase. It is expressed as a percentage rate and used to calculate the return of your GIC at maturity. The Participation Factor is subject to change without notice at any time.
Ready to Invest?
Buy a GIC for your registered account or on its own.
View Legal DisclaimerHide Legal Disclaimer
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Funds will be available on the next business day following the date on which you have instructed us to redeem your GIC, or in the case of RBC Income Builder GIC, following the date on which a payment is made from the GIC.
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Interest in a GIC will be calculated counting the first but not the last day of the term.
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There is no fee charged for a purchase of GIC. If you transfer your GIC out to another financial institution, there will be a transfer out fee of $150 charged (applies to both registered or non-registered GICs – transfer out fee for non-registered GICs came into effect August 1, 2022)
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You may provide us with instructions as to what to do with your GIC proceeds upon maturity. If your GIC is automatically renewed, you may cancel it upon renewal within 10 business days from the issuance (renewal) date, and if you do, your principal will be returned, but no interest will apply from the issuance to the cancellation date.
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The GIC Client Agreement can be found at https://www.rbcroyalbank.com/dms/investments/clientacknowledgementforms.html. This GIC Client Agreement may be changed at any time, on notice to GIC holders.