What is a GIC?
GIC stands for guaranteed investment certificate. It’s an investment tool whereby you lend money to a bank or other financial institution for a specific duration of time (the “term”) in order to earn interest. GICs can have either fixed or variable interest rates, and in general, the longer the term, the higher the rate. Depending on the product, interest might be paid out monthly, annually, at maturity (the end of the term) or on another time frame. GICs are considered a safe investment – unlike with stocks, you don’t risk losing your money. And even if something were to happen with your bank, the federal government – through the Canada Deposit Insurance Corp. (CDIC) – guarantees the GIC’s combined principal and interest payments up to $100,000.

A GIC is a secure investment that guarantees 100% of your original investment, while earning interest at a fixed or variable rate, or based on a specific formula.

Benefits of a GIC
At RBC, you have one of the broadest choices of GICs, making it easy to find one that fits your goals.

Safe and Secure
Invest with peace of mind knowing that your original investment is guaranteed.

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

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
A great variety of product features, terms and interest payment options are available
Escalating rate options available

 

Interest Rate-Linked GICs: Offer a variable interest rate that is linked to changes in the Royal Bank Prime rate.

Principal is 100% guaranteed
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

 

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
Choose between a guaranteed minimum return and unlimited upside potential

GIC principal guarantees are subject to CDIC coverage limits.  Please review Protecting your deposits - cdic.ca or contact us directly for more details. 

Ready to Invest? Want to buy a GIC?

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