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A Royal Choices Group Retirement Savings Plan provides the support and expertise of RBC.
Through a group RSP, employees can open an account with one of three RBC member companies. Please note employers may restrict access to certain member companies based on the requirements of the plan.
RBC Royal Bank
Our standard account option provides access to a wealth of investment options through RBC Royal Bank and Royal Mutual Funds Inc. This plan is ideal for those who want to take a simple approach to investing, while taking advantage of advice from qualified investment professionals to build a well-diversified portfolio.
Minimums
- $25 per investment, per payroll contribution, depending on investment selected.
- $1,000 for GICs (payroll deductions accumulate in a savings account until minimum is reached and then are automatically invested into a GIC)
Features
- Advice from qualified investment professionals.
- Quarterly statements with informative investment newsletter.
- Toll-free telephone number to assist you with questions and provide investment advice.
- No annual administration fees.
Investment Options
- Savings Deposits.
- Guaranteed Investment Certificates (GICs).
- Over 50 RBC Funds to choose from.
RBC Dominion Securities
This account option is a great choice if you have accumulated a degree of wealth and wish to further diversify your investments beyond savings accounts, GICs or mutual funds.
Minimums
- Minimum $50,000 plan balance.
Features
- Access to one of Canada's leading full service brokerages.
- Advice from qualified investment professionals.
- Top-ranked investment research and strategy.
- Convenient portfolio evaluation and monitoring tools.
- No annual administration fees when the minimum plan balance is maintained.1
Investment Options
- Money market, GIC and other fixed income products.
- Over 3,000 Canadian mutual funds to choose from.
- Stocks and bonds.
- Rights, warrants, options and more.
RBC Direct Investing
Our self-directed plan is for those who want flexibility, convenience and selection, but do not need investment advice. This option is designed to allow the knowledgeable investor to make decisions and manage their own portfolio with the help of the financial tools provided.
Minimums
- Minimum $100 per payroll contribution.
Features
- Convenient 24-hour online access to your account.
- Online research, tools and information to help develop your investment strategy.
- Toll-free access to investment service representatives during normal business hours.
Investment Options
- Money market, GIC and other fixed income products.
- Over 3,000 Canadian mutual funds to choose from.
- Stocks and bonds.
- Rights, warrants, options and more.
Your Next Step
We're committed to offering you the help you need, when you need it. Reaching us is as easy as picking up the phone. Our Royal Direct service is free and available seven days a week.
To find out if your company has an RBC group savings plan or to start taking advantage of it, simply:
- Call us at 1-800-ROYAL®1-1 (1-800-769-2511),
- Visit one of our branches to open your account today
- Talk to your human resources department
1 Brokerage commissions and service fees may be incurred on the purchase and/or sale of securities.
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