I opened a discount brokerage
RRSP account at my bank and chose a couple of low - cost balanced mutual funds to invest in.
Not exact matches
Address an investment counsel
at your
bank for instance, about whether you should open up a tax - exempt savings
account (TFSA) or put resources into your enrolled retirement savings design (
RRSP).
I went to my
bank and told them about the offer from RBC and that I was considering moving my
accounts to them (Chequing, Visa,
RRSP, and I was discussing a mortgage with them
at the time).
That can easily be done by setting up a withdrawal program
at a
bank where once a month, or every two weeks, a set dollar amount is transferred from your
bank account to an
RRSP or TFSA.
It was into the midst of this chaotic selling frenzy
at the
bank that Wayfare made an appointment
at the local TD to review her
RRSP account (in fact, she was called in to update her risk profile survey).
Clients who deposit
at least $ 100 per month in their RBC Direct Investing
account as part of a pre-authorized contribution plan, those who make
at least 3 commission - generating trades per quarter, those who have a group
RRSP with RBC Direct Investing, those who qualify for the RBC Direct Investing Royal Circle program as well as those who are current student
banking package holders (or have been in the past 5 years) and clients who have an RBC VIP
banking package can all have their quarterly inactivity fee waived.
I had an
RRSP account with a managed services
account at a major Cdn
bank that increased its fees to $ 125 a year per
account.
I have an
RRSP account at a financial institute that my company uses, but I like my
RRSP at another financial institution (let's call it
Bank B), as they give me better returns on my mutual funds.
Holding multiple
bank accounts and
RRSPs at different institutions can make your investments less diversified.
They do offer some of their funds as ETFs which means they are traded on the stock market so anyone can buy and hold them
at any brokerage internationally, including in a self directed
RRSP or TFSA
account at your
bank or a cheaper online brokerage like Questrade.
So if someone had $ 100,000 in their
bank account (s) plus $ 100,000 in a RRIF, $ 100,000 in an
RRSP and $ 100,000 in a TFSA all
at the same
bank — they would be fully covered by the CDIC.