Royal Bank links rates to fund return

Article Abstract:

Royal Bank of Canada is now offering a checking account that pays interest at rates connected to the return on a money market fund. The firm has ventured the market for high-yielding personal deposits, by introducing RateLink Essential, which supposedly costs C$20 per month to maintain and offers a comprehensive line of banking services, including four free bank machine transactions outside the Royal network, and unlimited checks and withdrawals. The new product, which as an introductory offer will guarantee a minimum 5% interest rate on deposits of at least at least C$10,000 until November 16, 1998, is meant for individuals who put their money in several savings and checking accounts, as well as treasury bill accounts, money market funds, and short-term guaranteed investment certificates.

Comment:

Is now offering RateLink Essential, a checking account that pays interest at rates connected to the return on a money market fun

Commercial Banks, Commercial Banking, Services introduction, Royal Bank of Canada, Article

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Park your funds with advisers who really earn their trailer fees

Article Abstract:

Suggestions on selecting the correct financial advisers for managing personal finance are presented. The compensations being paid to the investment advisers for their services are also discussed.

Personal Financial Mgmt, Management dynamics, Services information, Personnel administration, Investment advice, Investment Advisory Services, Private Households, Consumer Assets & Liabilities, Management, Services, Personal finance, Compensation and benefits, Investment advisers, Company business management

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