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.

To calculate your variable return payment, multiply the principal by the variable return. If the variable return is below the minimum return, adjust it upwards to the minimum return set out at the time of purchase. If the variable return is above the maximum return, adjust it downwards to the maximum return set at the time of purchase. Calculation Sample. If after five years, the Index Settlement Level is 1,, then your variable return payment would be calculated as:.

Rbc equity linked gic calculator

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, For indication purposes only, based on the average of the latest month-end index values up to a maximum of 12 months , the variable rate of return is: 1. For indication purposes only, your variable rate of return is: 1. 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. The average month-end index closing value for the 12 months prior to maturity. This helps to even out the impact of market highs and lows. Note: This calculator should not be used to provide an indication of the lock-in return Disclaimer 3. The approximate current value is provided for illustrative and general information purposes only, and is not intended to provide specific financial or other advice, and should not be relied upon in that regard.

If the variable return is above the maximum return, adjust it downwards to the maximum return set at the time of purchase.

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.

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, For indication purposes only, based on the average of the latest month-end index values up to a maximum of 12 months , 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. Select Region Canada. Select Language English French.

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Why returns are limited with market-linked GICs For most market-linked GICs, the banks limit the potential return in one of two ways: participation rates and maximum returns. Attention We are experiencing some technical difficulties. Each type offers various GICs that can be suitable for different situations. 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. Market Smart GIC. Market-linked GICs usually have a minimum and maximum return. Therefore, if the index performs negatively and the Settlement Level decreases below the Base Level, you will not earn any return, but your principal will be fully guaranteed. Try the Calculator. Return and value calculated are based on the average of the final 12 month-end index closing levels prior to your maturity. Available on certificates that pay interest semi-annually, annually and at maturity. Eligible for CDIC deposit insurance. With a market-linked GIC, the interest rate can change over time, but is usually guaranteed not to go below a certain minimum. As of March 7, To Top Text size:.

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Affinity Credit Union Canadian Diversified. Cashable GIC allows flexible access to funds in full or in part after 30 days. There is no fee charged for a purchase of GIC. Canadian Utilities. Print Results opens print dialog. Will not require regular income from this investment. Ready to Get Started? Within a non-registered account, the variable return payment is taxed as interest income. If the variable return is below the minimum return, adjust it upwards to the minimum return set out at the time of purchase. GIC Type:. Using this same example, if after five years, the Index Settlement Level drops to instead, the index would have returned Posted rate: 3. In this scenario, your variable return would be set to zero. Select: Term.