RBC Royal Bank GIC rates compared
RBC Royal Bank's best posted rate is 2.45% on a 1-year term. The best rate available in Canada for that term is 3.70%, from WealthONE Bank of Canada. Both are covered by deposit insurance.
Get RBC GICsHow do RBC Royal Bank's GIC rates compare to the best in Canada?
On a 5-year term RBC Royal Bank posts 2.75% against 4.30% from WealthONE Bank of Canada, the best we track. Every term it publishes is compared the same way below.
| Term | RBC Royal Bank | Best in Canada | Gap | Leader |
|---|---|---|---|---|
| 1-year | 2.45% | 3.70% | −1.25 pts | WealthONE Bank of Canada |
| 2-year | 2.55% | 3.95% | −1.40 pts | WealthONE Bank of Canada |
| 3-year | 2.55% | 4.05% | −1.50 pts | WealthONE Bank of Canada |
| 4-year | 2.70% | 4.10% | −1.40 pts | WealthONE Bank of Canada |
| 5-year | 2.75% | 4.30% | −1.55 pts | WealthONE Bank of Canada |
Is RBC Royal Bank's GIC covered by CDIC?
Yes. RBC Royal Bank is one of the five largest Canadian chartered banks and a CDIC member, so an eligible GIC held here is protected to $100,000 per depositor, per insured category.
Federal. $100,000 per depositor, per member institution, per insured category.
Where do these RBC Royal Bank rates come from?
Directly from RBC Royal Bank's own posted rate page at rbcroyalbank.com, read by hand on 2026-09-04. RBC Royal Bank does not date its posted rates, so the read date is the only currency guarantee available.
All 13 terms RBC Royal Bank posts were captured in that read, including the 8 that carry a separate interest-paid-monthly rate. No aggregator, no feed, no affiliate link.
RBC Royal Bank's posted rates on rbcroyalbank.comHow we collect and check ratesWho should buy a GIC from RBC Royal Bank?
People who already bank at RBC Royal Bank, mostly. It does not lead any term we track, so what is left is the convenience of not moving money, priced below.
Common questions about RBC Royal Bank GICs
What is RBC Royal Bank's minimum GIC deposit?
RBC Royal Bank does not publish a minimum on its own rates page. Of the 15 institutions we track, 10 publish one, and those run $100 to $1,000 — so the figure to confirm before you deposit is the one RBC Royal Bank quotes you.
Does RBC Royal Bank have the best GIC rate in Canada?
Not on a 5-year term. RBC Royal Bank posts 2.75% there, against 4.30% from WealthONE Bank of Canada: a gap of 1.55 points on the same term, for the same non-redeemable product. The table above runs the same comparison across all 5 terms.
Which GIC terms does RBC Royal Bank offer?
13 terms are posted on rbcroyalbank.com, from 30–59 days to 10 years. The comparison table above covers the 5 annual terms where enough issuers publish a rate for a market comparison to mean anything.
Does RBC Royal Bank pay GIC interest monthly?
RBC Royal Bank posts a separate, lower rate for interest paid monthly on 8 of its terms: 2.625% at 5 years, against 2.750% compounded annually. Every figure on this page is the compounding rate, so a monthly-income GIC here pays less than the table shows.
Are these RBC Royal Bank rates promotional?
No. These are RBC Royal Bank's standard posted rates, read from rbcroyalbank.com on 2026-09-04. RBC Royal Bank does not date its posted rates, so that read date is the only currency guarantee available here. Limited-time promotions are noted separately rather than used to move an institution up the ranking.
How we collect and check ratesWhat would RBC Royal Bank's 1-year rate pay on your deposit?
On $50,000 it pays $1,225 in interest over the full term. Change the amount to see what that becomes on yours, then compare it against the leader.
Get next month's rates by email
One email a month with the best verified rate for every term, read off 15 issuers' own pages the same way every rate on this site is.
Independent and unaffiliated. Rates are read from RBC Royal Bank's own posted page at rbcroyalbank.com and may change without notice. Educational information only, not financial advice. Published by Croton Holdings LLC. Corrections to daniel@crotoncontent.com.