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Guaranteed Investment Certificates (GICs)

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Easily Find, Buy and Manage GICs

Filter and search for GICs that meet your needs using the Fixed Income Screener

Enjoy competitive GIC rates, guaranteed for the full term of your investment

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, FHSALegal Disclaimer footnote 1, RRSP, cash or margin account

Project your future income based on the historical data of your holdings using the Income Projection tool

GIC Pricing

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Commission for GICs is included in the quoted priceLegal Disclaimer footnote 2

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GIC FAQs

A Guaranteed Investment Certificate (GIC) is a deposit investment issued by financial institutions such as chartered banks, trust companies and mortgage and loan companies. They guarantee your original investment—plus a specific rate of return for a term that you choose—and offer a reliable, low-risk investment over a set period of time.

Many GICs are guaranteed by the Canada Deposit Insurance Corporation (CDIC) for up to $100,000 (this includes both principal and interest), provided that certain criteria are met. Each individual issuer can provide full CDIC coverage, which means that you could invest, for example, $100,000 each (including principal and interest) with four different issuers — all CDIC-insured. Visit the CDIC website to learn more about coverage.

While many GICs cannot be sold prior to maturity, RBC Direct Investing offers cashable GICs that can be redeemed after 30 days.

The commission for GICs is included in the quoted price.Legal Disclaimer footnote 2 For T-bills, Bonds, Debentures and Money Market Instruments, a commission of $25 - $250 per transactionLegal Disclaimer footnote 3 is included in quoted price.

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