Comments on: RBC High Interest eSavings Account! http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm Building Wealth through Saving and Investing Fri, 19 Mar 2010 10:48:38 -0400 http://wordpress.org/?v=abc hourly 1 By: dude http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-87669 dude Wed, 17 Jun 2009 04:43:00 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-87669 Hahaha. Sadly, now it's 0.750 percent interest. Hahaha. Sadly, now it’s 0.750 percent interest.

]]> By: Sampson http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-69342 Sampson Fri, 06 Feb 2009 19:56:39 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-69342 I feel this account was made with me perfectly in mind. I don't do normal banking with RBC (I do it with PCF), however, 80-90% of my family's investments are through RBC Direct Investing. This account is great because transfer within the RBC family are free. This means that any cash paid out in my non-RRSP investment accounts (both the TFSA and normal non-registered account) can be moved into this eSavings high interest account. Easy and I can actually earn interest on that money. I don't know about other discount brokerages, but RBC DI does not pay interest on any cash held in ANY of the self-directed accounts. So those investing with RBC DI, this is a great account to use to park money since transactions into the investing accounts have be linked the the eSavings account. They also have a US eSavings too so both CAD and US trades can be made. I feel this account was made with me perfectly in mind. I don’t do normal banking with RBC (I do it with PCF), however, 80-90% of my family’s investments are through RBC Direct Investing.

This account is great because transfer within the RBC family are free. This means that any cash paid out in my non-RRSP investment accounts (both the TFSA and normal non-registered account) can be moved into this eSavings high interest account. Easy and I can actually earn interest on that money.

I don’t know about other discount brokerages, but RBC DI does not pay interest on any cash held in ANY of the self-directed accounts.

So those investing with RBC DI, this is a great account to use to park money since transactions into the investing accounts have be linked the the eSavings account.

They also have a US eSavings too so both CAD and US trades can be made.

]]> By: DAvid http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-58727 DAvid Tue, 28 Oct 2008 23:41:11 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-58727 Adam, However if you tell the rest of the story: consumption loans start at about 13% if you want a loan longer than 12 months; mortgages at 7.4%; and loans 'for other purposes' start at about 9% (National Bank of Poland website). In Canada just now you can get a car loan for about 7%, a mortgage at about 5%, and a LOC as low as 4%. In the not too distant past mortgage rates in Poland were about 25%. Do your research before moving -- the grass often looks greener on the other side of the fence. DAvid Adam,

However if you tell the rest of the story: consumption loans start at about 13% if you want a loan longer than 12 months; mortgages at 7.4%; and loans ‘for other purposes’ start at about 9% (National Bank of Poland website). In Canada just now you can get a car loan for about 7%, a mortgage at about 5%, and a LOC as low as 4%. In the not too distant past mortgage rates in Poland were about 25%.

Do your research before moving — the grass often looks greener on the other side of the fence.

DAvid

]]> By: adam http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-58712 adam Tue, 28 Oct 2008 19:41:18 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-58712 This is just astounding. RBC high interest account 2.5% interest rate. what a load of ##. i just got back from poor old Poland. every day on tv i was seeing ads for savings accounts that payed from 6%. Online i found one that payed out 7% over a year. Just shows u how much we are getting ripped off here. year by year my family is regretting ever coming to Canada. This is a list of bank percentages. its in polish. the percentages shown are a bit higher because they are based on 18 allocations with variable change percentages, whats show is is the average you would achieve over the 18 month period. the bottom line is after all the fine print your getting betweek 6-8% a year. http://www.comperia.pl/lokaty_bankowe/index.php?p=2&rodzaj_l_=2&waluta_=1&kwota_=20000&typ_=1&okres_=8 This is just astounding. RBC high interest account 2.5% interest rate. what a load of ##. i just got back from poor old Poland. every day on tv i was seeing ads for savings accounts that payed from 6%. Online i found one that payed out 7% over a year. Just shows u how much we are getting ripped off here. year by year my family is regretting ever coming to Canada.
This is a list of bank percentages. its in polish. the percentages shown are a bit higher because they are based on 18 allocations with variable change percentages, whats show is is the average you would achieve over the 18 month period. the bottom line is after all the fine print your getting betweek 6-8% a year.

http://www.comperia.pl/lokaty_bankowe/index.php?p=2&rodzaj_l_=2&waluta_=1&kwota_=20000&typ_=1&okres_=8

]]> By: david http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-35213 david Sun, 11 May 2008 00:39:27 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-35213 I can't believe this, but RBC just dropped their rate to 2.5%! How is this a "High Interest" savings account now? I can’t believe this, but RBC just dropped their rate to 2.5%! How is this a “High Interest” savings account now?

]]> By: FrugalTrader http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-28924 FrugalTrader Sun, 23 Mar 2008 01:06:58 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-28924 David, just confirmed that PCF does not allow bill payments directly from savings accounts. It makes sense as they require a 1 day delay for withdrawals. David, just confirmed that PCF does not allow bill payments directly from savings accounts. It makes sense as they require a 1 day delay for withdrawals.

]]> By: bleah http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-28922 bleah Sun, 23 Mar 2008 00:40:10 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-28922 Well if you are like me, my high interest savings is my second account and i do all my transfers online. I dont use that account for paying bills, I keep it for earning the interest. I use those hefty fees as a deterrant from using debit etc, and it works for me. as for the 3.8%, thats a whole lot better than what a regular savings pays, a few measly cents. Well if you are like me, my high interest savings is my second account and i do all my transfers online. I dont use that account for paying bills, I keep it for earning the interest. I use those hefty fees as a deterrant from using debit etc, and it works for me. as for the 3.8%, thats a whole lot better than what a regular savings pays, a few measly cents.

]]> By: DAvid http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-28905 DAvid Sat, 22 Mar 2008 19:13:37 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-28905 Bob, Does PCF allow online bill payments from their High Interest accounts? Their website is unclear on the topic, as it just speaks about transfers to and from their regular account. DAvid Bob,
Does PCF allow online bill payments from their High Interest accounts? Their website is unclear on the topic, as it just speaks about transfers to and from their regular account.

DAvid

]]> By: Bob Howse http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-28853 Bob Howse Sat, 22 Mar 2008 01:37:03 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-28853 $5.00 charge for every online bill payment???? President's Choice PAYS ME PC points for every online bill payment I make! And their interest rate is better. And it's not tiered. $5.00 charge for every online bill payment???? President’s Choice PAYS ME PC points for every online bill payment I make! And their interest rate is better. And it’s not tiered.

]]> By: John http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-28745 John Fri, 21 Mar 2008 04:11:22 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-28745 I've been watching the RBC e-savings account and it looks pretty clear that RBC boosted the rate for a few months (after the introductory period) to give a false impression that it was competitive with ING. Now that they've sucked in your money, their rate is consistently inferior to ING. IIt was just a marketing gimmick to fool the clients. I’ve been watching the RBC e-savings account and it looks pretty clear that RBC boosted the rate for a few months (after the introductory period) to give a false impression that it was competitive with ING. Now that they’ve sucked in your money, their rate is consistently inferior to ING. IIt was just a marketing gimmick to fool the clients.

]]> By: DAvid http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-23021 DAvid Sun, 20 Jan 2008 04:58:45 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-23021 Neil, you can find the info here: http://www.rbcroyalbank.com/RBC:R5LUOY71A8UADODqCSk/products/deposits/e-savings.html DAvid Neil, you can find the info here:

http://www.rbcroyalbank.com/RBC:R5LUOY71A8UADODqCSk/products/deposits/e-savings.html

DAvid

]]> By: FrugalTrader http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-23017 FrugalTrader Sun, 20 Jan 2008 04:03:12 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-23017 Neil, just checked their site and their interest rate has dropped to 3.8%. To my knowledge, the 3.8% applies to every dollar in the esavings account. Neil, just checked their site and their interest rate has dropped to 3.8%. To my knowledge, the 3.8% applies to every dollar in the esavings account.

]]> By: Neil http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-23015 Neil Sun, 20 Jan 2008 03:36:50 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-23015 What is the current rate on the e savings account at rbc? Is it a tiered rate. So much interest up to the top rate. I don't believe you get 4% ON ALL YOUR MONEY. I cant find the rate schedule on the rbc web site. What is the current rate on the e savings account at rbc?
Is it a tiered rate. So much interest up to the top rate.
I don’t believe you get 4% ON ALL YOUR MONEY. I cant find
the rate schedule on the rbc web site.

]]> By: Reader Mail: Babe in the Woods II | Million Dollar Journey http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-22243 Reader Mail: Babe in the Woods II | Million Dollar Journey Thu, 10 Jan 2008 07:33:29 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-22243 [...] of  a high interest savings account (@ PC Financial) and personal line of credit.  The RBC savings account is also a decent choice where it currently returns 4%, and if you already have a regular chequing [...]

[...] of  a high interest savings account (@ PC Financial) and personal line of credit.  The RBC savings account is also a decent choice where it currently returns 4%, and if you already have a regular chequing [...]

]]> By: Ann http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-20116 Ann Mon, 17 Dec 2007 14:37:16 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-20116 I have dealt with ICICI and it was a good experience. No holds on money transferred back into my PC chequing so could use funds right away. I have dealt with ICICI and it was a good experience. No holds on money transferred back into my PC chequing so could use funds right away.

]]> By: bleah http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-19440 bleah Mon, 10 Dec 2007 01:54:34 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-19440 Ugg, I feel so silly, I opened this account thinking it would help me Save for my Travels in 6 months, thinking it make interest per month, but now im to understand its per year? My face is red. Ugg, I feel so silly, I opened this account thinking it would help me Save for my Travels in 6 months, thinking it make interest per month, but now im to understand its per year? My face is red.

]]> By: Serg http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-18182 Serg Tue, 27 Nov 2007 17:11:13 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-18182 Here is how you can get RBC checking account without monthly fee http://frugal-geek.blogspot.com/2007/11/rbc-no-fee-checking-account.html Here is how you can get RBC checking account without monthly fee

http://frugal-geek.blogspot.com/2007/11/rbc-no-fee-checking-account.html

]]> By: dax http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-16484 dax Sun, 11 Nov 2007 23:50:54 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-16484 I just enrolled in this program. It is now past July 2007. I will be getting 4%. You think it will only be for 4 months? I just enrolled in this program. It is now past July 2007. I will be getting 4%. You think it will only be for 4 months?

]]> By: ed http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-9988 ed Fri, 10 Aug 2007 00:26:24 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-9988 HSBC is 5% until Oct 10 and then it drops to prime. It was 3.5% before they started offering this 5% deal. It may not be 3.5% it could be lower or higher. The big bonuses HSBC is you can use BMO ABM as well for fast cash. I have no clue were you can find a ICICI ABM. But ING is still offering the $13 if you HSBC is 5% until Oct 10 and then it drops to prime. It was 3.5% before they started offering this 5% deal. It may not be 3.5% it could be lower or higher.

The big bonuses HSBC is you can use BMO ABM as well for fast cash. I have no clue were you can find a ICICI ABM.

But ING is still offering the $13 if you

]]> By: mir18 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm/comment-page-1#comment-8198 mir18 Thu, 12 Jul 2007 04:11:44 +0000 http://www.milliondollarjourney.com/rbc-high-interest-esavings-account.htm#comment-8198 HSBC is also doing an introductory rate of 5% until October, then dropping to 3.5%...but the best interest rate you can get is at ICICI bank Canada, at 4.5%!!! HSBC is also doing an introductory rate of 5% until October, then dropping to 3.5%…but the best interest rate you can get is at ICICI bank Canada, at 4.5%!!!

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