Introduction to RBC GIC Rates

Royal Bank of Canada (RBC) offers a range of investment products, notably its Guaranteed Investment Certificate (GIC). GICs are known for their guaranteed returns over a fixed period, and RBC's competitive rates offer a viable investment platform. In this article, we will explore RBC's GIC rates along with three options to monitor and manage them: online banking, the mobile app, and through customer service calls.

Understanding RBC GIC Rates

RBC offers both non-registered and registered GICs with varying terms, interest rates, and benefits. The rates depend on the duration of the investment - the longer the term, typically, the higher the rate. With terms ranging from 30 days to 5 years or more, RBC GICs cater to both short-term and long-term investment goals.

Managing GIC Rates through Online Banking

RBC's online banking platform provides an accessible and convenient way to manage and monitor GIC rates. Once logged in, navigate to the “Accounts” section and click on “GICs”. Here you'll find information on your invested GICs, including the term duration, amount invested, and the applicable interest rate. It allows you to manage your GIC investments, whether you wish to renew, modify, or redeem them.

Accessing GIC Rates through RBC Mobile App

The RBC Mobile app allows convenient, on-the-go access to your GIC rates. Similar to online banking, you can navigate to your account summary and select GICs to view the particulars of your invested GICs. The app also provides push notifications for interest rate changes, ensuring you're always updated.

Contacting Customer Service for GIC Rates

RBC's Customer Service is another route to manage and understand your GIC rates. Available round-the-clock, customers can reach out via the toll-free number to discuss GIC-related queries. A friendly RBC representative will guide you on the current rates, offer personalized advice on managing your GICs, and even help process any changes you'd like to make.

Conclusion

To summarize, RBC offers competitive GIC rates ideal for various investment goals and periods. Their online banking platform, mobile application, and customer service furnish resourceful avenues to manage and monitor these rates. Investment with RBC's GICs indeed balances risk and return, ensuring your funds work for you while you unwind.