Improve Your Employees’ Financial Wellness

Employee financial stress can have a significant impact on your company’s overall performance—affecting morale, productivity and profitability. With a comprehensive group savings program, you can help alleviate any financial stress your employees may be experiencing and promote financial wellness within your workplace, which can improve productivity, reduce absenteeism and increase retention.

The impact of employee Financial Wellness

The Financial Wellness of your employees has a direct impact on your company’s performance:

  • Improve productivity: 78% of employers say financial stress reduces employee productivity*
  • Reduce absenteeism: 81% of employees have taken time off work due to financial stress*
  • Attract and retain top talent: 60% of employees say workplace benefits are a main reason to stay*

How the RBC Group Advantage program can help

Group Savings Plans

We offer a number of savings plan options that makes it convenient for your employees to save for retirement through direct payroll contributions.

We offer the following savings plan to help your employees prepare for a financially secure future:

  • Group Retirement Savings Plan
  • Deferred Profit Sharing Plan
  • Group Investment Account

We’ll walk you through the available options and deliver a plan that helps meet your goals while minimizing administration.

Group Rewards

Your employees can save money and earn exclusive rewards with our competitive banking services.

Every member of a Group Savings plan qualifies for our Group Rewards, where they can enjoy:

  • Market-leading financial solutions and banking packages
  • Access to exclusive offers that earn valuable RBC Rewards® points
  • Our Right Account Guarantee™—if a member isn’t satisfied with their banking account, we’ll give them their money back—guaranteed1

Group Mortgage Subsidy

A tax-effective way to subsidize all or part of the interest portion of your employees’ mortgage payments.

We offer two ways to help your employees pay down their mortgage quicker:

  • Mortgage Relocation Program: Subsidizes all or part of the interest portion of mortgage payments for employees who are being relocated to or within Canada
  • Group Mortgage Benefits Program: Employees can use a portion of their group benefits or flex benefits to pay down the interest portion of their RBC mortgage

Talk to a RBC Group Advantage Specialist

Discover how the RBC Group Advantage program can benefit your employees and your business.

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