What are the different types of accounts offered by Royal Bank of Canada?
Royal Bank of Canada offers a range of accounts to suit varying financial needs. The primary account types include personal chequing accounts, savings accounts, and investment accounts. Chequing accounts provide convenient access to funds for everyday transactions, while savings accounts offer higher interest rates to help customers save for their future goals. The bank also offers specialized accounts such as youth and student accounts to meet the banking requirements of younger customers. Additionally, RBC offers investment accounts, including registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs), which allow customers to grow their wealth through a range of investment options. Overall, Royal Bank of Canada aims to provide a comprehensive suite of accounts catering to the diverse financial needs of its customers.
Answered Nov 1, 2023
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