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Guaranteed Investment Certificates (GICs)

LIMITED TIME OFFER

Protect Your Money with GICs.

Plus, New Investment Clients Get Up to $10,000 in Travel Value!legal disclaimer †

When you invest in a GIC, you can feel confident knowing your initial deposit is protected, your interest is guaranteed (when held to maturity) and you’re one step closer to reaching your goals.

  1. Step 1 Open one or more , such as a TFSA, RRSP or non-registered account, by March 31, 2026.
  2. Step 2 Contribute $5,000+ in RBC GICs (2-year term or longer) and/or other within one or more eligible accounts by May 29, 2026. (Transfers can be from your personal RBC bank account or another .)
  3. Step 3 Be an Avion Rewards member by May 29, 2026 (if you're not already a member). It’s free and easy to join.
Maintain your minimum contribution balance until February 28, 2027.

We’ll deposit your Avion points into your Avion Rewards account in four payments. Each payment will be made within eight weeks after: May 31, 2026; August 31, 2026; November 30, 2026; and February 28, 2027.

Earn 1 Avion point for every $2 dollars invested, plus 12,500 bonus points —up to 500,000 Avion points!

Qualifying Net Contributions (CAD): Avion points you will receive: Value (CAD):
$5,000 (minimum) 15,000 $350 (round-trip flight for a quick getaway)
$45,000 35,000 $750 (round-trip flight to explore North America)
$105,000 65,000 $1,300 (round-trip flight to visit Europe)
$975,000 500,000 $10,000 (5 round-trip flights to see the world)

You can also redeem points for hotels, car rentals, gift cards, merchandise, cash contributions to an RBC Direct Investing account, to pay for trade commissionslegal disclaimer 10 and more!

Conditions apply. See full offer terms and conditions.

Benefits of a GIClegal disclaimer 1

A GIC is a secure investment that guarantees 100% of your principal and interest when you hold it to maturity. Depending on the GIC, you can earn interest at a fixed rate, variable rate or based on a specific formula. At RBC Royal Bank, you have access to a broad range of GICs, making it easy to find one that fits your goals.

Safe and Secure

Invest with peace of mind knowing that 100% of your principal and interest is guaranteed when held to maturity.

Flexible Terms and Payment Options

Choose from a variety of investment terms and interest payment frequencies that suits your needs.

Competitive Rates

Enjoy competitive rates that are guaranteed for the full term of your investment.

Choose from Three GIC Families

Most Popular

Guaranteed-Return GICs

Your interest rate is guaranteed, so you don’t need to worry about changes in the markets or the economy.

  • Both principal and interest payments are guaranteed when held to maturity
  • A great variety of product features, terms and interest payment options are available
  • Escalating rate options available

Explore Guaranteed-Return GICs

Interest Rate-Linked GICs

Offer a variable interest rate that is linked to changes in the Royal Bank Prime ratelegal disclaimer 2.

  • 100% principal and interest guaranteed when held to maturity.
  • If Prime rate increases, your investment earns a higher interest rate
  • If Prime rate decreases, you can cash out your investment and reinvest in another product

Explore Interest-Linked GICs

RBC Equity-Linked GICs

Enjoy the security of a GIC and the higher return potential that comes with an equity investment.

  • Your investment is positioned for growth
  • Principal is 100% protected when held to maturity.
  • Choose between a guaranteed minimum return and unlimited upside potential

Explore RBC Equity-Linked GICs

Compare GICs

Special GIC Rates

LIMITED TIME OFFER

3.85%disclaimer *

on a 1-year U.S. Dollar Term Deposit.

Book an Appointment

2.05%legal disclaimer * on a 1 year term

Cashable GIC

Posted rate % Buy Now

2.60%legal disclaimer * on a 1 year term

Non-Redeemable GIC

Posted rate % Buy Now

2.65%legal disclaimer * on a 2 year term

Non-Redeemable GIC

Posted rate % Buy Now

3.00%legal disclaimer * on an 5 year term

Non-Redeemable GIC

Posted rate % Buy Now

GIC Tools & Calculators

GIC Selector

Find the right GIC for you in 4 easy steps. To get started, simply select the main goal you want to achieve.

Get Started

GIC Laddering Tool

See how a laddering strategy could benefit you.

Learn More

RBC Equity-Linked GICs Return Calculator

Get an indication of the current value of your GIClegal disclaimer 3

Learn More

Income Builder GIC Calculator

Create your own solution with an Income Builder GIC.

Learn More

Offer & GIC FAQs

To participate in this offerlegal disclaimer *, you must:
  • Not currently hold one of the as of December 1, 2025 (previous eligible accounts that were closed prior to the start of the qualifying period do not impact your eligibility)
  • Open one or more between December 1, 2025 and March 31, 2026
  • Be a Canadian resident and at least the age of majority in your province/territory when you open your eligible account(s)
  • Join Avion Rewards by May 29, 2026 (if you're not already a member). It’s free and easy to join.
No, you are not required to have a personal RBC bank account to receive this offer.legal disclaimer *
We will reimburse up to C$200 in transfer feeslegal disclaimer 17 when you transfer C$15,000 or more to RBC Direct Investing. ($500 in fees reimbursed for Royal Circle and Royal Distinction members.legal disclaimer 18)
If you have met all the qualifying conditions of the offerlegal disclaimer *, we’ll deposit your Avion points into your Avion Rewards account in four payments. Each payment will be made within eight weeks after:
  • May 31, 2026
  • August 31, 2026
  • November 30, 2026
  • February 28, 2027
You’ll get 12,500 Avion points, plus 1 Avion point for every $2 dollars invested—up to 500,000 Avion points!
Net transferred assets (CAD): Avion points you will receive: Value (CAD):
$5,000 (minimum) 15,000 $350 (round-trip flight nearby)
$45,000 35,000 $750 (round-trip flight within North America)
$105,000 65,000 $1,300 (round-trip flight to Europe)
$975,000 500,000 $10,000 (5 round-trip flights to see the world)
You can also redeem points for hotels, car rentals, gift cards, merchandise, cash contributions to an RBC Direct Investing account, to pay for trade commissionslegal disclaimer 16 and more!

You must be a member of the Avion Rewards program (Avion Elite or Avion Premium membership level) before May 29, 2026 to receive the Avion points. It’s free and easy to join.

To learn more about Avion Rewards and the value of your points, visit the Avion Rewards site.
Yes, your contributions may be spread across and/or to meet the qualifying criteria for this offer.legal disclaimer *

In general, you can:
  • Make a single contribution of at least $5,000, or
  • Set up and process pre-authorized contributions (PACs) of $500+ per month, or
  • Make single contributions and PACs that equal at least $5,000 annualized (For example, a contribution of $2,000 and PACs of $250 per month for 12 months.)
For example, if you open an eligible account through RBC Royal Bank (an RBC TFSA or RRSP, for instance), you may contribute $2,500 into savings deposits and $2,500 into a 2-year term GIC, and your total of these investments would meet the qualifying criteria.

Alternatively, you can also set up pre-authorized contributions in RBC mutual funds (distributed by Royal Mutual Funds Inc.).

If you open an eligible account through RBC Direct Investing (an RBC Direct Investing TFSA or RRSP, for instance), you can make cash deposits and purchase securities listed on a U.S. or Canadian exchange, including:
  • Stocks and Options
  • Exchange-Traded Funds (ETFs)
  • Mutual Funds
  • Guaranteed Investment Certificates (GICs)
  • Bonds
  • And more …
To check if you’re already an Avion Rewards member, go to www.avionrewards.com or download the Avion Rewards app and sign in with your RBC Online Banking account.
  • If you are already a member, you’ll be directed to your home page to see your points balance.
  • If you are not already a member, your sign in attempt will activate your account.
To qualify for this offerlegal disclaimer *, you must be an Avion Rewards member (at the Avion Elite or Avion Premium membership level before May 29, 2026). To ensure you’re an Avion Rewards member at the Avion Elite or Avion Premium membership level:
  • Become an RBC client by opening an eligible product.
  • Sign in to Avion Rewards using your RBC Online Banking login to activate your membership. (You can become a Premium or Elite member depending on what account or card you have.)

GICs are one of the safest ways to protect and grow your money. Whether you’re looking for:

  • Cashable solutions that provide access to funds at any time
  • Short or longer term options
  • Guaranteed returns for most GICs* so you don’t have to worry about changes in the markets or the economy
  • Currency options so you can protect your Canadian or US dollar savings

Explore our GIC solutions.

* excludes Canadian Market Linked GICs. For Canadian Market linked GICs principal is guaranteed, interest is based on specific market returns

You can buy GICs:

  • Through RBC Online Banking if you have an RBC Royal Bank chequing or savings account, or an existing GIC.
  • Call us at 1-844-453-0552. We'll be happy to discuss your goals and help you choose the type of investments that best suit your objectives.
  • Visit your branch. We recommend booking an appointment ahead of time by calling us at 1-866-923-3020.

We have a broad range of GICs that can fit any goal. You can use our handy GIC Selector to help you determine the best solution for you. You can also work with an RBC advisor to help you choose the right investment that best fits your objectives.

You can also work with an RBC advisor to help you choose the right investment that best fits your objectives. We encourage you to use our online booking tool to schedule a time to speak with an advisor by phone.

Many GICs are eligible for registered plans (TFSA, RRSP, RRIF, RESP or RDSP); however, there are some that are not. Compare GICs to view the plan eligibility for all of our GICs.

View All FAQs
See All Offer FAQs
LIMITED TIME OFFER

Get up to $10,000 in travel valuelegal disclaimer †

Open your first RBC investment account and invest $5,000 or more in a 2-year+ term RBC GIC and/or other eligible products.

Offer ends March 31, 2026. Qualifying criteria and other Conditions applylegal disclaimer *.

In a TFSA, interest earned from your GICs is tax-free.legal disclaimer 4,legal disclaimer 5

In an RRSP, interest earned from your GICs is not taxedlegal disclaimer 5,legal disclaimer 7 until it is withdrawn.

In an RESP, interest earned from your GICs is not taxed until it is withdrawn by the student.

When you hold a GIC in a non-registered investment account, any interest your GIC earns is subject to tax and must be added to your taxable income.

For Existing Clients:

Open Online

Not a client: Call 1-800-463-3863

For Existing Clients:

Open Online

Not a client: Call 1-800-463-3863

For Existing Clients:

Open Online

Not a client: Call 1-800-463-3863

Open Online

Once your account is opened, you can make a contribution to purchase the GICs you want to hold in it.

The Travel Value of $10,000 is based on an Air Travel Redemption from the Air Travel Redemption Schedule that is only available to Avion Elite Members. Air Travel Reward redemptions from the Air Travel Redemption Schedule start at 15,000 Avion points for a round trip short-haul flight within or to an adjacent province/territory or within or to an adjacent U.S. State with a maximum ticket price of $350. All applicable taxes, service fees and surcharges are the responsibility of the traveller.

All Avion Rewards members with the exception of Personal ION Accounts, Avion Rewards Core Product Accounts and Avion Select members may redeem Points for an RBC Travel Reward at the rate of 100 Points per $1.00 CAD to pay for all or part of your booking, including associated taxes and fees. A minimum of 1,000 Points must be redeemed. A service charge and other conditions may apply.

If you have a Personal ION Account or an Avion Rewards Core Product Account, you may redeem your Points for an RBC Travel Reward at the rate of 100 Points per $0.58 CAD to pay for all or part of your booking, including associated taxes and fees. A minimum of 2,500 Points must be redeemed. A service charge and other conditions may apply. Please refer to the Avion Rewards Terms and Conditions for a list of eligible products and respective travel redemption rates.

Redemption rates vary depending on redemption category. For general redemption terms, conditions and restrictions that apply to the Avion Rewards program, please visit avionrewards.com or call 1-800 ROYAL 1-2 (1-800-769-2512).
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.
Benefits listed are not applicable for all types of GICs.
The rate of interest on Interest Rate-Linked GICs is calculated based on a discount from the RBC prime interest rate. The RBC prime interest rate is a reference rate for determining interest rates on Canadian dollar commercial loans in Canada and is subject to change. The RBC prime interest rate can be found at rbcroyalbank.com/rates/prime.html. You may obtain the current interest rate applicable to your Interest Rate-Linked GIC by signing into Online or Mobile Banking, by making inquiries at your local branch, or by calling us at 1-800-463-3863.
Based on the following information:
  • Base Level from the date of purchase (as indicated on your GIC certificate)
  • Participation Factor or minimum and maximum rates (as indicated on your GIC certificate)
  • Latest applicable index value or basket of stocks.
Special Rates are subject to change at anytime. Rates shown are calculated on a per annum basis. Eligible for personal balances only (includes both new purchases and renewals and balances in registered and non-registered plans). Available on certificates that pay interest semi-annually, annually and at maturity (compounded annually).
Assets in a TFSA must be Qualified Investments under the Income Tax Act. If the TFSA holds non-Qualified Investments, it could be subject to tax.
Provided you make Contributions in such amounts as are permitted under the Tax Act, excess contributions are taxable. It is your sole responsibility to ensure that the amount of Contributions is within the limits permitted under the Tax Act.
While you can take money out of a TFSA for any reason, your timing does depend on the investments you hold in it. For example, non-redeemable GICs must be held until maturity.
Assets in an RRSP must be Qualified Investments under the Income Tax Act. If the RRSP holds non-Qualified Investments, it could be subject to tax.
Your contribution room determines the maximum amount that you can contribute to your RRSP. You can find your most up-to-date contribution room through CRA online services such as My Account and the MyCRA mobile app.
With the Canada Education Savings Grant (CESG), for an eligible beneficiary until the end of the calendar year they turn 17, the government matches 20% on the first $2,500 contributed annually to an RESP. The maximum total CESG the government will give, up to age 18, is $7,200 per beneficiary. With the Canada Learning Bond (CLB) for an eligible beneficiary, the government pays an initial $500 contribution in an RESP and a beneficiary may also be entitled to receive an additional $100 a year up until the age of 15. The maximum total CLB payable is $2,000. A contribution is not required to an RESP to receive the CLB. The total maximum CLB payable per child is $2,000.
The Avion Rewards program is offered by Royal Bank of Canada and is subject to the Avion Rewards Terms & Conditions. You may only use your Avion points through RBC Direct Investing to: (1) pay for commissions on trades placed online or through the RBC Mobile app in Canadian or U.S. stocks, ETFs and options in your eligible RBC Direct Investing accounts; or (2) transfer points to deposit or make cash contributions in CAD to your eligible RBC Direct Investing accounts. It is your responsibility to make sure you have sufficient contribution room within your registered plan when redeeming points for cash in CAD to contribute to your registered accounts and/or when you use your Avion points to pay for commissions on trades placed in Canadian or U.S. stocks, ETFs and options in a registered account. The Canada Revenue Agency may apply tax penalties for over-contributions. RBC Direct Investing is not responsible for any such penalties.
Up to C$200 in transfer fees will be covered when you transfer C$15,000 or more to RBC Direct Investing from an investment account held at a financial institution that is not affiliated with RBC. Clients must provide proof of transfer fee payment to RBC Direct Investing within six months of transfer to be eligible for reimbursement. Please contact an RBC Direct Investing representative for more details at 1 800-769-2560.
For Royal Circle and Royal Distinction members up to C$500 in transfer fees will be covered when you transfer C$15,000 or more from an investment account held outside RBC Financial Group to RBC Direct Investing. Proof of transfer fee payment must be provided.
Other Notable Disclosures:
  • 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.
  • Interest in a GIC will be calculated counting the first but not the last day of the term.
  • 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)
  • 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.
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.