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- The Prime-Linked Cashable GIC is a one-year cashable GIC with an annual interest rate linked to changes in the RBC Royal Bank ® Canadian prime interest rate. Should the prime interest rate change during the term of your investment, the annual interest rate of this GIC is automatically adjusted.
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What is a prime-linked cashable GIC?
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The Prime-Linked Cashable GIC is a one-year cashable GIC with an annual interest rate linked to changes in the RBC Royal Bank ® Canadian prime interest rate. Should the prime interest rate change during the term of your investment, the annual interest rate of this GIC is automatically adjusted.
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- Interest-Linked GICs
If you want to take advantage of rising interest rates, an interest rate-linked GIC may be ideal. It guarantees your principal while offering a variable interest rate that is linked to changes in the RBC Royal Bank Prime rate.
Prime-Linked Cashable ® GIC. A cashable GIC whose interest rate is linked to the RBC Royal Bank Canadian prime interest rate. Interest is paid if held for 30 days or longer. Easy access to capital.
Interest Rate-Linked GICs. Offer a variable interest rate that is linked to changes in the Royal Bank Prime rate. 100% principal and interest guaranteed when held to maturity. 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
- GICs provide security on your initial investment. GICs offer the advantage of earning a fixed or variable return — unlike savings accounts and some investment accounts.
- There are five different kinds of GICs. Fixed-rate GICs. They guarantee the investor a fixed rate of interest for a specified period or term. At the end of the term, the financial institution returns the principal plus any interest payments owing to you.
- GICs have multiple ways to earn you interest. All GICs pay interest, but there are many ways you can choose from: A simple-interest GIC doesn’t t pay ‘interest on your earned interest.’
- You can choose how long you want your funds invested. How long you invest in a GIC can be days, months or years, depending on your needs and how long you’d like to invest the funds.
Special Conditions – Prime-Linked Cashable GIC. The Prime-Linked Cashable GIC is a guaranteed investment certificate that permits you to earn interest based on the prime interest rate. 1. What the Words Mean.
Choose from GICs that offer annual, semi-annual, monthly or compound interest. Pick from a variety of terms and payment options, including cashable GICs redeemable after 30 days. Hold GICs in a range of accounts, including a TFSA, FHSA 1, RRSP, cash or margin account.
