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Investment FAQs

Savings Deposits

Select Category: General Managing Your Investments Online

General

You can buy an RBC Savings Deposit several ways:

Purchase an RBC Savings Deposit online(opens new window)

RBC Savings Deposits can only be held in a registered account such as an RBC TFSA, RRSP, RRIF, RESP or RDSP.

To buy an RBC Savings Deposit, you must first have an existing RBC TFSA, RRSP, RESP or RDSP already set up.

Regular, pre-authorized contribution plans can be set-up for your TFSA, RRSP,  RESP or RDSP, so you can save automatically without even thinking about it!

  • Get started with as little as $25 per week
  • Contribute weekly, bi-weekly, monthly—you choose
  • Contributions are automatically debited from your chequing or savings account
  • Invest in mutual funds, GICs and saving deposits

Managing Your Investments Online

You can buy an RBC Savings Deposit online through RBC Online Banking(opens new window) or the RBC Mobile app(opens new window), providing you:

  • Are purchasing the RBC Savings Deposit within an existing registered plan (e.g. TFSA, RRSP or RESP)
  • Have Online Banking access
  • Have an existing RBC Royal Bank chequing or savings account
Purchase an RBC Savings Deposit online(opens new window)

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.

Other Notable Disclosures:

  • 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.
  • For more information and disclosures regarding RBC Equity Linked GICs, see: RBC Equity-Linked GICs page.

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.


Financial planning services and investment advice are provided by Royal Mutual Funds Inc. (RMFI).  RMFI, RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated. RMFI is licensed as a financial services firm in the province of Quebec.