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Investing is easier when it happens automatically

If you’re like many Canadians, you know you should be building your savings. However, with day-to-day expenses like groceries, gas and entertainment, finding the extra money to do so may be a challenge.

Why not make it easier on yourself by making it happen automatically? We can help you get started with regular contributions to your Registered Retirement Savings Plan (RRSP) or Tax-Free Savings Account (TFSA) with an RSP-Matic® or TFSA-Matic®.

Why Save Automatically?

Have a look at the chart below to see how saving $25, $150 or even $250 a month can add up over time.

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Average RBC Royal Bank Client Pre-Authorized Contribution Amount

These examples assume a 6% annual compounded rate of return. Examples are strictly for illustrative purposes only and are not intended to be representative of the performance of any actual or future investment available to investors. Actual clients returns may differ substantially.

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Average RBC RoyalBank Client Pre Authorized Contribution Amount:

  $25/month1 $150/month $250/month
5 years $1,744 $10,466 $17,443
10 years $4,097 $24,582 $40,970
20 years $11,551 $69,306 $115,510

These examples assume a 6% annual compounded rate of return. Examples are strictly for illustrative purposes only and are not intended to be representative of the performance of any actual or future investment available to investors. Actual clients returns may differ substantially.

1) The minimum pre-authorized contribution amount is $25/month.

To find out how much you can save, try our RSP-Matic (opens new window) or TFSA-Matic (opens new window) calculators. Simply determine the amount and frequency that’s right for you.

 

It’s easy to set up an RSP-Matic or a TFSA-Matic

The sooner you set up your automatic contributions, the sooner you'll see your nest egg begin to grow. Choose one of the following options:

  • Set-up an RSP-Matic or a TFSA-Matic online Expand - Help.
  • Call 1-800-463-3863, and speak to an investment specialist.
  • Book an appointment at your local branch.
 

*Based on a 6% per annum compounded rate of return over 20 years. Actual rates may differ depending on market conditions.

 

Take Action

  • Set-up an RSP-Matic or a TFSA-Matic online Expand - Help
  • Call 1-800-463-3863
  • Book an appointment at your local branch.
 
 

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