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RBC Targeted GIC Promotion
January 13, 2023
1:59 pm
dentgal
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Hello: I received a promotion from RBC for GICs on Jan 12,2023. The offer is good for 30 days. I'm going for the 3 year, 5.25%.

"Your Special GIC Rates
These rates are available for a limited time (

3.35%
1 Year Cashable2 GIC

5.00%
1 year Non-Redeemable GIC

5.25%
3 year Non-Redeemable GIC"

January 13, 2023
2:28 pm
Norman1
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Their offered special rates to me are not as good:

3.25% 1 Year One-Year Cashable GIC

4.75% 1 Year Non-Redeemable GIC
5.00% 2 Years Non-Redeemable GIC
5.00% 3 Years Non-Redeemable GIC
5.00% 5 Years Non-Redeemable GIC

January 14, 2023
2:13 pm
moneyhelp
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Is this a standard offer for everyone who is an RBC client, or was this specifically sent to your inbox?

January 14, 2023
10:51 pm
Norman1
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The special GIC rates offered to me are only visible in after I sign into online banking and try to purchase a GIC.

The rates are not visible in the public areas of the RBC Royal Bank web site. For example, the special 5-year non-redeemable GIC rate is 4.85% and not 5.00% in the public GIC Rates page of the RBC Royal Bank site.

January 15, 2023
10:49 am
FastJonny
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Norman1 said
The special GIC rates offered to me are only visible in after I sign into online banking and try to purchase a GIC.

The rates are not visible in the public areas of the RBC Royal Bank web site. For example, the special 5-year non-redeemable GIC rate is 4.85% and not 5.00% in the public GIC Rates page of the RBC Royal Bank site.  

I did not know about these special rates being available only when you go to purchase.
Mine are the Same as Norman1 at this time.
Given that you have to put in a $ amount FIRST I wonder if rates go up with higher $s - It will only accept how much I have available at Royal to transfer, and since that's not near 6 figures...it just leaves me wondering.
Also I did not get an 'offer' from Royal - so in this case I guess I have not been targeted for the better offer dentgal got.
But good to know.

January 15, 2023
11:22 am
justsmileandnod
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FastJonny said
Given that you have to put in a $ amount FIRST I wonder if rates go up with higher $s - It will only accept how much I have available at Royal to transfer, and since that's not near 6 figures...it just leaves me wondering.
 

I had the same thought! I have a feeling that it matters -- otherwise why did they set it up that way? I'm not going to transfer 6-figures to RBC to test this, but if anyone here has that much with them, could you give a spin and see if you get different rates by pledging to buy $10k vs $100k?

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