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Royal Bank of Canada GIC Rates

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RBC offers both redeemable and non-redeemable GICs with rates that are on a par with its competitors. With non-redeemable GICs that pay interest upon maturity, clients can have the option to pick a short-term investment period of 364 days or fewer. It’s also possible to prolong your term duration to one or 10 years if you choose to collect interest monthly, semi-annually, or annually. This option is available to both redeemable and non-redeemable GICs.

Best GIC rates by RBC

RBC has one of the best GIC rates across Canada. However, it’s important to remember that the GIC options of different financial institutions vary greatly not only in terms of interest rates but also in term duration. It’s best to explore your options with GIC comparison tools such as to make an informed decision.

About RBC

Royal Bank of Canada (RBC) is among the big five banks in the country. Apart from the standard banking services and products, RBC offers investment options as well. RBC is the largest bank in Canada, and boasts of the largest ATM and branch network across the country. This financial institution has invested greatly in enabling remote access to its services and offers online, mobile, and telephone banking.

RBC Product Comparison

RBC offers standard banking products such as checking & savings accounts, mortgages, loans and credit cards. RBC Investments offer competitive interest rates on GICs, TFSA, RRSP etc. RBC also provides its clients the option to pick tiered and fixed rates on its savings accounts. RBC Insurance is also the largest Canadian bank owned insurance organization providing life, health, travel, home and auto insurance products.

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