Manage your cash with convenient, flexible and secure accounts. Discover how our programs offer protection for your cash balances.
How you manage your money is as unique as you are, and we’d like to help you simplify it. At RBC Wealth Management, our cash management program can help you meet your saving, spending, investing and protection needs. These programs also support other important goals like saving for education or creating a reliable stream of income during retirement.
Control your cash your way. The RBC Cash Management Account offers a broad range of robust cash management services, including secure account access and enhanced account monitoring. Key features include:
RBC Cash Plus is designed to help provide same-day liquidity and stability in all market environments.3 Royal Bank of Canada has a strong capital position, a high-quality liquid balance sheet and one of the highest credit ratings globally.
RBC Cash Plus deposits are obligations of Royal Bank of Canada, which is a market leader in Canada and one of the largest financial institutions globally. Bank deposits are not subject to market risk; thus the value does not fluctuate, providing for the protection of your cash.
View the current Program Terms and Conditions and Program Interest Rates for more information.
Enjoy protection at every level. Your cash in the RBC Insured Deposits program offers up to $5 million in Federal Deposit Insurance Corporation (FDIC) coverage per depositor in each insurable ownership capacity.
View the current Program Terms and Conditions, Program Interest Rates and program banks for more information.
1 The RBC debit/ATM card can be used to withdraw cash from your account at ATMs displaying the VISA logo, at PNC Bank ATMs, MoneyPass, and AllPoint networked ATM machines. These ATM networks offer no ATM surcharges or a reduced fee if the monthly ATM fee waivers/reimbursements are achieved.
2 Clients are reimbursed up to a maximum of $240 in ATM surcharge fees per year. RBC will rebate ATM surcharge fees monthly. The ATM surcharges will be calculated as the sooner of four (4) ATM surcharges or up to a maximum of $20 per calendar month. Thereafter, the standard ATM surcharges fees will apply. Clients attaining Premier Status are eligible to have unlimited ATM surcharge fees reimbursed. RBC may impose limits for security purposes or when the card transactions and ATM surcharge fee reimbursements exceed normal conditions.
3 Deposit interest rates may be subject to change and may change without notice. Deposits placed in RBC Cash Plus are not insured by the Federal Deposit Insurance Corporation (“FDIC”), Securities Investor Protection Corporation (“SIPC”) or any governmental agency of the United States, Canada or any other jurisdiction. It is possible to lose money by holding deposits in this program.
4 RBC Cash Plus is an automated cash sweep option that sweeps un-invested cash balances in clients’ accounts into interest-bearing deposit accounts (“Branch Deposit Accounts”) at the RBC Three World Financial Center Branch (“the Branch”) located in New York, a U.S. branch of Royal Bank of Canada, a Canadian bank. Funds on deposit at the Branch are not insured by the FDIC, SIPC or any governmental agency of the United States, Canada or any other jurisdiction. The Branch Deposit Accounts are obligations of the Branch only, and are not obligations of RBC Capital Markets, LLC, or any of its affiliates or its business divisions, including RBC Wealth Management. The payment of principal and interest on Branch Deposit Accounts at the Branch is subject to the creditworthiness of Royal Bank of Canada. In the event of the failure of the Branch, clients participating in RBC Cash Plus will become general unsecured creditors of Royal Bank of Canada. It is possible to lose money by holding deposits in RBC Cash Plus.
5 RBC Insured Deposits (“the Program”) is an automated cash sweep option that sweeps un-invested cash balances in clients’ accounts into interest-bearing deposit accounts (“Deposit Accounts”) with RBC affiliate banks and additional unaffiliated banks (“Program Banks”) up to applicable limits. Availability is subject to certain restrictions. The Program provides up to $5 million in Federal Deposit Insurance Corporation (“FDIC”) insurance coverage per depositor in each insurable ownership capacity (“Deposit Limit”). Each Deposit Account constitutes a direct obligation of the Program Bank and is not directly or indirectly an obligation of RBC Wealth Management. More information regarding FDIC insurance is available at www.fdic.gov.
RBC Insured Deposits are not subject to market risk and potential value loss, but are subject to the risk of a Program Bank’s failure. In the event a Program Bank fails, deposits at each Program Bank are eligible for FDIC coverage up to applicable limits. Deposit balances in excess of the Deposit Limit will be invested with Excess Banks and are not covered by FDIC insurance. Currently, the Primary Excess Bank is City National Bank (“CNB”), an RBC Affiliate Bank. Monies held in RBC Insured Deposits are not covered by Securities Investor Protection Corporation (“SIPC”). For retirement accounts, balances in excess of the Deposit Limit are invested in an unaffiliated money market fund. Money market mutual fund investments are not insured by the FDIC or any government agency; they are instead covered by SIPC.
Deposit Accounts and Branch Deposit Accounts will earn the interest rate based on the total assets across all accounts within your household, as well as total balances of all Deposit Accounts and Branch Deposit Accounts within your household. Interest rates/APY (Annual Percentage Yield) are subject to change without notice.
Please see our Cash Sweep Program Overview for more information.
The listed merchant(s) are in no way affiliated with RBC, nor are the listed merchant(s) considered sponsors or co-sponsors of this program.
‡ All other trademarks are the property of their respective owner(s)
"The RBC Cash Management Program offers a suite of products and features to meet our client’s liquidity needs with industry-leading FDIC insurance coverage and competitive rates. Effectively managing cash is vital to any wealth plan; at RBC Wealth Management, we make it easy to achieve your financial goals."
Fred RoseHead of Banking and LendingRBC Wealth Management–U.S.
Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.
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