VIDEO: 3 Common GIC Myths Debunked
By the Inspired Investor teamSeptember 1, 2023
GICs can help you grow your money without worrying about potential losses. Here are three things people often get wrong about them.
A GIC, or guaranteed investment certificate, is a secure way to invest your money that guarantees 100% of your original investment while earning you interest at a specified rate or based on a specific formula. But like most investments, there’s more to know. In our latest episode of Inspired Investor Talk, Rachel Megitt, Vice President, Term Investments & Savings, Personal Banking and Investments at RBC, clears up three common myths about GICs.
Learn more about GICs at RBC here.
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