Guaranteed Investment Certificates (GICs)


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

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 1-800-463-3863. 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 1-800-769-2511.

It’s best to work with an RBC advisor to find an investment solution that meets your objectives. Alternatively, you can use our GIC Selector tool to find a GIC that's right for you.

The rate of return on MarketSmart GICs is based on several factors and a formula is used to calculate the payments. Our MarketSmart Return calculator provides an indication of the current value of your GIC. You can also review the formula and sample calculations.

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

Managing Your Investments Online

You can purchase a GIC through RBC Online Banking if you have an RBC Royal Bank chequing or savings account or an existing GIC.

The following GICs can be purchased through online banking:

  • Non-Redeemable GIC*
  • One-Year Cashable GIC**
  • U.S. Dollar Term Deposits**
  • Prime-Linked Cashable GIC**
  • Five-In-One GIC**
  • RateAdvantage GIC**
  • Redeemable GIC*

* (available in both Non-Registered or Registered)

**(eligible for Non-registered only)

You can update your GIC maturity instructions through RBC Online Banking if your GIC is held within a RRSP or TFSA. (Note: you can't update your maturity instructions if you've already indicated that you want your GIC to renew into a different GIC type)