Rbc equity linked gic calculator

Market-Linked GIC rates shown above are based on minimum and maximum cumulative interest for the full term and are current as of August

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. These products, known as market-linked or equity-linked GICs, are tied to the performance of the equity market and follow stock or bond indexes.

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. Select Region Canada. Select Language English French. Contact Menu. Select Category:. The Right Choice If You. Want the growth potential of U. Need a guaranteed minimum return and the potential for higher earnings Will not need regular income from your investment Compare GICs. Higher Return Potential Participate in the returns of a U.

Some GICs have no minimum return.

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.

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. Based on the purchase date of January 22, , you will be eligible to early lock-in on January 22,

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. Select Region Canada.

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Security of guaranteed principal. Rate calculated on a per annum basis. If you answered yes to all three questions, a market-linked GIC may be a good investment product for you to consider. How returns are calculated opens modal window. The percentage at which the GIC will participate in the returns of the index or fund; it is set at the time of purchase and depends on market conditions. Instantly compare the best accounts in Canada and boost your ROI. Additional Information. The special rate in registered and non-registered plans is subject to change at any time. Error: Missing Information. There is no fee charged for a purchase of GIC. In this scenario, your variable return would be set to zero. BMO Return Enhancing. This will cause you to lose out on potential returns.

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However, they have much lower interest rates compared to non-redeemable GICs. Your GIC principal will still be locked until it is paid out at maturity. Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or results in connection with the Calculator and will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision you make in reliance on any information or results. Minimum and Maximum Returns. If the index goes down, you won't lose any money. Minimum deposit Are deposits insured? With that being said, some market-linked GICs do offer a small amount of guaranteed interest, regardless of what the equity market does. However, there have been times where market-linked GICs have performed better than the stock market. For Indication Purposes Only. If after three years, the Index Settlement Level is 1,, then your variable return payment would be calculated as:. Market-Linked GIC rates shown above are based on minimum and maximum cumulative interest for the full term and are current as of August