A downtown café owner scans the bank portal before opening time, looking for a place to park a growing cash cushion. This month, that search comes with fresh numbers. Royal Bank of Canada has updated the posted rates across its business guaranteed investment certificates, giving small and midsize firms clearer choices on how to balance yield against access to funds.
RBC’s one-year cashable GIC now shows a posted rate of 2% when interest is paid semi-annually or at maturity, and 1.875% with monthly interest.
The product can be redeemed any time after 30 days, which keeps it in play for working-capital buffers that might need to move on short notice. Rates are listed as effective September 10, 2025, and remain subject to change.
For companies that can lock funds for longer but want rising coupons over time, the step-rate RateAdvantage GIC has been refreshed.
The cashable version begins at 2.15% in year one and steps up to as high as 3.02% by year five, while the non-redeemable version starts at 2.35% and climbs from there. The new tables are dated September 10.
RBC also updated pricing for its Prime-Linked Cashable GIC, a one-year product tied to the bank’s prime lending rate.
The posted table shows 2.5% for deposits up to $249,999.99, with higher tiers reaching 2.95 percent for very large balances, and options to take interest monthly, at maturity, or semi-annually. It is fully cashable after 30 days.
Shorter-term posted rates on redeemable and non-redeemable GICs were refreshed as well.
Current schedules list 30 to 59 days at 2.00 to 2.25 percent depending on product type and term structure, with 60 to 179 days typically in the 2.20 to 2.50 percent range, subject to amount and interest-payment frequency.
For U.S. dollar parking, RBC’s updated term deposit page shows posted rates from 2.80% for 30 to 59 days to 3.75% for terms approaching five years, consistent across deposit tiers listed in the schedule.
Companies seeking equity-linked upside with principal protection can also look at the U.S. MarketSmart GIC, which carries a minimum return and a maximum full-term cap.
The current table shows 2.00 to 6.00 percent for two-year terms, 2.25 to 12.00 percent for three years, and 5.00 to 20.00 percent for five years.
The refresh lands as the Bank of Canada’s target for the overnight rate remains at 2.75%, unchanged since March. The central bank’s next interest-rate announcement is scheduled for Wednesday, September 17.
GIC pricing can move without notice, but the policy backdrop helps frame expectations for cash products through the fall.
If liquidity is paramount, the one-year cashable option keeps capital within arm’s reach while earning a modest return.
If cash flow is predictable, stepping into RateAdvantage can lift the effective yield over time without giving up principal protection.
For firms with U.S. payables or receivables, USD term deposits can match currency exposure while adding incremental interest.
RBC notes that many of these instruments are eligible for Canada Deposit Insurance Corporation coverage, which adds a layer of security for operating reserves.
As always, posted rates are a starting point, and relationship pricing or promotions can differ by client and channel.
