Security and Opportunity

If you want to take advantage of rising interest rates, an interest rate-linked GIC may be ideal. It guarantees your principal while offering a variable interest rate that is linked to changes in the RBC Royal Bank Prime rate.

The Right Choice If You

  • Want to benefit from rising interest rates
  • Want to cash-out or reinvest in another product if interest rates decreases.
  • Are looking to continually roll over short-term GICs
  • Compare GICs

Features

Minimum Investment
  • $5,000
Terms
  • 1 year
Interest Payment Frequencies
  • Monthly
  • Semi-annually
  • At maturity
  • At time of redemption if held 30 days or longer
Interest Rate
  • Variable
Access to Funds
  • Fully or partially cashable at any time1,2
Plan Eligibility
  • Non-Registered only
CDIC Eligible
  • Yes

Benefits

Opportunity
  • Interest rate increases as Royal Bank Prime increases3
Early Access to Funds
  • Easy access to capital and cashable at any time
Convenience
  • Benefit from any increase in interest rates without the renewals that are necessary with short-term investments
Get personalized advice with MyAdvisor
  • A digital service that lets you see the potential of your investments, including your GICs, and can connect you with an RBC advisor to help build your financial future. Learn More

Interest Rates

Ready to Invest?

Buy a GIC for your registered account or on its own.