Interest Rate
2.40%
Term
6 months
Minimum Deposit
CA$500
Promotion
N/A
Apply Now →on RBC Royal Bank's website
Interest Rate:
2.40%
Term:
6 months
Promotion:
N/A
Minimum Deposit:
CA$500
RBC Royal Bank offers a competitive fixed interest rate of 2.40% for its 6-month GIC, making it a secure investment choice. The minimum deposit of CA$500 for registered accounts is appealing, although non-registered accounts require a higher investment.
Pros:
- Fixed interest rate
- Secure investment
Cons:
- Higher minimum deposit for non-registered accounts
- No current promotions
In summary, RBC Royal Bank's 6-month GIC at a competitive rate of 2.40% is well-suited for conservative investors looking for a short-term, low-risk investment option, especially those with a minimum deposit of CA$500 in registered accounts. However, those considering non-registered accounts should be prepared for a higher initial investment.