Rbc equity linked gic calculator

Reading up on personal finance? Looking for ways to maximize your savings and investments? Instantly compare the best accounts in Canada and boost your ROI. In recent years, banks have introduced a twist on the traditional guaranteed investment certificate GIC.

While, the actual return cannot be calculated prior to the maturity of your RBC Equity-Linked GIC and will likely differ from the return as provided by the calculator, this tool can give you an approximate idea of your equity-linked GIC's likely performance. How returns are calculated opens modal window. Calculate Return Value. Based on the purchase date of January 22, , your estimated variable rate of return is: 1. Note that the Current Index Level used in this calculation is based on the average of the latest month-end reference index values up to a maximum of 12 months. Based on the purchase date of January 22, , your GIC will mature on approximately January 22, For indication purposes only, the variable rate of return is: 1.

Rbc equity linked gic calculator

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. The Royal Bank of Canada , or RBC, offers a wide variety of guaranteed investment certificates, including non-redeemable, cashable and market-linked GICs with terms ranging from 30 days to 10 years. Not only do they offer highly competitive interest rates, but they also have flexible terms. GICs typically guarantee that you will retain your entire principal investment but may offer a lower return than other investment options, like individual stocks or index funds. You may prefer using a non-registered account. However, your tax-free savings account and registered retirement savings plan are both capable of holding GICs, and have tax advantages. Each type offers various GICs that can be suitable for different situations. They can be both cashable and non-redeemable. Generally, you should think of GIC terms in the following way:. Or, if you need additional support, you can contact RBC over the phone or walk into a branch.

The return that you receive relative to the performance of the index is based on your GIC's participation rate. Based on the purchase date of January 22,your estimated variable rate of return is: 1.

Market-Linked GIC rates shown above are based on minimum and maximum cumulative interest for the full term and are current as of August Market-linked GICs, also called equity-linked GICs, allow you to gain exposure to the stock market while your initial investment remains fully protected. Market-linked GICs are a good choice for people who want to invest in the stock market but are risk-averse, yet want the possibility of higher returns than a fixed-rate GIC. There are also other indices that a market-linked GIC can follow as well, such as the performance of a group of Canadian banks or utilities. If the index goes up, your investment will increase in value through a higher GIC interest rate. If the index goes down, you won't lose any money.

While, the actual return cannot be calculated prior to the maturity of your RBC Equity-Linked GIC and will likely differ from the return as provided by the calculator, this tool can give you an approximate idea of your equity-linked GIC's likely performance. How returns are calculated opens modal window. Calculate Return Value. Based on the purchase date of January 22, , your estimated variable rate of return is: 1. Note that the Current Index Level used in this calculation is based on the average of the latest month-end reference index values up to a maximum of 12 months. Based on the purchase date of January 22, , your GIC will mature on approximately January 22, For indication purposes only, the variable rate of return is: 1.

Rbc equity linked gic calculator

Choose a GIC with a guaranteed minimum return and associated maximum return—or one with no guaranteed minimum return and unlimited return potential. In this scenario, the increase is above the minimum and below the maximum. Get an indication of the current value of your GIC 1. Menu list Articles list Location list Contact list. Select Destination.

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Minimum and Maximum Returns. Minimum deposit Are deposits insured? Want to guarantee the safety of your original investment. This GIC does not provide you regular interest or provide a guaranteed rate of return. The actual return on early lock-in date may differ. Earn higher rate of return if Royal Bank Prime rate increases. If you decide to lock in gains before maturity, the return is paid out on the second anniversary, but the principal is paid back on the maturity date. GIC Product:. Interest rate calculated on a per annum basis. In addition to the Index Settlement Level, your variable return is also affected by the Participation Factor, which is set at the time of purchase by RBC and is dependent on market conditions. Scotiabank Canadian Top

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The rate of return is fixed, and the principal is guaranteed. If the index goes up, your investment will increase in value through a higher GIC interest rate. See More Rates. Higher Return Potential You can earn a higher variable return tied to the performance of selected North American companies, as compared to that offered by a traditional fixed-rate GIC. However, your tax-free savings account and registered retirement savings plan are both capable of holding GICs, and have tax advantages. If after three years, the Index Settlement Level is 1,, then your variable return payment would be calculated as: Variable return payment. This will cause you to lose out on potential returns. This stipulation is also expressed as a percentage. That was below the maximum return of 5. Want the growth potential of U. Cashable GIC allows flexible access to funds in full or in part after 30 days. Therefore, if the index performs negatively and the Index Settlement Level decreases below the Index Base Level, you will not earn any return, but your principal will be fully guaranteed. What is your GIC's term? Legend: The blue graph line displays the performance of the underlying index. About Us.