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Interest Rates applied to account balances*
As of January 22, 2012 our interest rates are as follows:
|
Credit balances |
| |
Canadian dollar accounts |
US dollar accounts |
| Under $10,000 |
0.10% |
0.10% |
| $10,000 - $24,999 |
0.10% |
0.10% |
| $25,000 - $49,999 |
0.10% |
0.10% |
| $50,000 - $59,999 |
0.10% |
0.10% |
| $60,000 - $99,999 |
0.10% |
0.10% |
| $100,000 and over |
0.10% |
0.10% |
| Debit balances |
| |
Canadian dollar accounts |
US dollar accounts |
| Under $10,000 |
5.00% |
5.50% |
| $10,000 - $24,999 |
4.75% |
5.25% |
| $25,000 - $49,999 |
4.50% |
5.00% |
| $50,000 - $99,999 |
4.25% |
4.75% |
| $100,000 and over |
4.00% |
4.50% |
| Registered accounts |
| |
Canadian dollar accounts |
US dollar accounts |
| All credit balances |
0.10% |
0.10% |
| All debit balances |
5.00% |
5.50% |
The interest rates that will be in effect for debit balances in cash and
margin accounts fluctuate with Royal Bank prime as follows:
| Debit balances |
| |
Canadian dollar
margin rates† |
US dollar margin rates† |
| Under $10,000 |
$CDN Prime + 2.00% |
$USD Prime + 2.25% |
| $10,000 - $24,999 |
$CDN Prime + 1.75% |
$USD Prime + 2.00% |
| $25,000 - $49,999 |
$CDN Prime + 1.50% |
$USD Prime + 1.75% |
| $50,000 - $99,999 |
$CDN Prime + 1.25% |
$USD Prime + 1.50% |
| $100,000 and over |
$CDN Prime + 1.00% |
$USD Prime + 1.25% |
† Based on Royal Bank prime rates as of January 22, 2012. $CDN Prime= 3.00% and
$USD Prime= 3.25%. Rates are subject to change.
* RBC Financial Group retains the right to change interest rates on
a discretionary basis. A committee comprised of individuals representing various
authorities within RBC Dominion Securities administers these interest rates. These rates
are adjusted from time to time based on various factors, including, but not limited to,
competitive analysis, Bank of Canada and other bellwether rates, and/ or cash rates. Interest
amounts less than $5 are neither charged nor paid on regular accounts and interest amounts less
than $1 are neither charged nor paid on special product accounts. Rate changes of less than 1%
will be processed on the 22nd of the month. The average daily cash balance for the month
determines the tier that will be used to establish the rate.
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