Interest Rate
2.75%
Term
5 years
Minimum Deposit
CA$1,000
Promotion
N/A
Apply Now →on RBC Royal Bank's website
Rate (APY):
2.75%
Term:
5 years
Promotion:
N/A
Minimum Deposit:
CA$1,000
RBC Royal Bank offers a solid range of GIC options with a well-established reputation. However, their rates are generally lower than those of other providers, which may deter some investors.
Pros:
- Established reputation
- Variety of GIC types
Cons:
- Higher minimum deposit
- Lower rates compared to competitors
In summary, RBC Royal Bank’s 5-year GIC at a rate of 2.75% is well-suited for conservative investors seeking stability and a reputable institution, but those in search of higher returns may want to explore other options.