RBC Personal Banking: A Guide to Getting the Most Out of Your Accounts
When it comes to personal banking, RBC is one of the largest and most reputable banks in Canada. Whether you’re a student, a professional, or a retiree, RBC offers a wide range of accounts that can help you reach your financial goals. In this post, we’ll explore some of the important features of RBC personal banking and ways to get the most out of your accounts.
Chequing Accounts
Chequing accounts are the most common type of personal banking account and are designed for day to day transactions. RBC has several options for chequing accounts which include the following:
1. RBC No Limit Banking: For a flat monthly fee, you can make unlimited transactions and gain access to a suite of premium benefits.
2. RBC Signature No Limit Banking: This account provides a higher level of service and premium features compared to the regular No Limit Banking account. It comes with a waived annual fee on select credit cards, safe deposit box discounts, and many other benefits.
3. RBC VIP Banking: This account offers an all-inclusive banking package that includes personalized financial advice, premium travel rewards, and unlimited complimentary cheques.
Savings Accounts
Savings accounts help you save for a specific goal or purpose. RBC offers several options for savings accounts, including:
1. RBC High Interest eSavings Account: This online-only account provides a high level of interest rates for balances over $500.
2. RBC US High-Interest eSavings account: This account is designed for US residents and provides a higher level of interest rates for US deposits.
3. RBC Royal Bank Savings Deposit Account: It’s a traditional savings account that offers lower interest rates but is still useful for short-term savings.
Credit Cards
Credit cards can help you build credit, purchase big-ticket items, and earn rewards. RBC offers a wide range of credit cards, including the following:
1. RBC Reward Credit Card: Cardholders can earn points for each dollar spent and can redeem them for travel, vouchers, gift cards, and much more.
2. RBC Cashback Credit Card: This credit card rewards you with cashback for each purchase you make.
3. RBC Low-interest Credit Card: This card offers a competitive Visa purchase interest rate, making it an excellent choice for those who need to carry a balance.
Investment Accounts
Investment accounts can help you grow your wealth over time. RBC offers a range of investment accounts that can help you reach your financial goals.
1. RBC Direct Investing: This online platform allows you to invest in stocks, ETFs, Mutual Funds, and other securities.
2. RBC Funds: These are pre-packaged investment portfolios that are managed by RBC’s experts.
3. RBC GICs: Guaranteed investment certificates offer a secure way to invest your money with guaranteed returns.
In Conclusion
RBC offers a comprehensive range of personal banking options that can help you manage your finances effectively. Whether you’re looking for chequing accounts, savings accounts, credit cards, or investment accounts, RBC has something to offer. By selecting the right account based on your needs and spending habits, you can maximize the benefits of RBC personal banking. So, find out what works best for you and start taking advantage of all RBC has to offer.
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