Guaranteed Investment Certificates - GICs
As a RBC Direct Investing client, you have access to one of the
largest selections of GICs available from any financial institution,
putting the onus on us to do the rate shopping for you.
RBC Direct Investing serves as a one-stop shop by supplying access
to daily GIC rates from over 20 Canadian financial institutions.
Each individual issuer provides full Canadian Deposit Insurance
Corporation (CDIC) coverage, giving you the ability to diversify
with more than one issuer in the event that your investment
is in excess of the $100,000 CDIC limit. What this means
is that you can, as an example, invest up to $400,000, all
completely
CDIC insured, with four different issuers - all in one RBC Direct
Investing account.
With the ability to invest in GICs that offer annual, semi-annual,
monthly or compound interest, you are able to match your
investment needs, while supplementing your income.
In addition, if your immediate investment horizon requires
the flexibility, liquidity, and convenience of a cashable
GIC, RBC Direct Investing also provides access to these at very
attractive rates, ranging in term from one to two years,
and redeemable after 30 or 120 days, depending on the product.*
All these GIC rates can be found under the GIC locator function
under Fixed Income on our Online Investing homepage. Simply
click on the GIC locator button and enter the par value that
you wish to invest. Next, find the term and frequency of
interest payments that matches your investment horizon and
click on the rate. Order entry can be facilitated from this
screen.
*Minimum investments and other terms may apply.
Here is a sampling of our recent rates:
Open a RBC Direct Investing account now.
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