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A well-managed RESP can really make a difference for your child's future. With RBC Royal Bank, you have a wide range of investment options. One of our Personal Bankers can help you plan which investments are most suited to your young scholar's needs.
To find out more about an RBC Royal Bank RESP, please visit any RBC Royal Bank branch or call 1-800-ROYAL® 1-1 (1-800-769-2511) to speak to an investment specialist.
Range of Investment Options
RBC Royal Bank gives you a wide range of options. You can choose to invest your RESP in a basic savings deposit, GICs or RBC Funds. Your investment can be tailored for growth potential, interest income or a balance between the two. There are no restrictions on foreign content so you can take full advantage of the growth potential of international markets.
No Fees
There is no charge to start an RESP with RBC Royal Bank and no annual administration fees.
No Loads
RBC Funds may be purchased on a no-load basis, which means you don't pay any commissions. Your money goes to work for you right away for as little as $25 a month.
Excellent Growth Potential
The RBC Funds family includes many equity-based investments that are perfect for a long-term investment like an RESP.
Control
With a RBC Royal Bank RESP, you choose the kind of investments you want, how often you want to invest and how much.
Access to Your Money
If you choose RESP investments that are liquid, including the RBC Funds, you will always have easy access to your principal.
Flexibility
If you need to change beneficiaries or your child wants to travel before commencing post-secondary education, that's not a problem. Our RBC Royal Bank investment specialists can easily help you change to a new beneficiary and you have 25 years to use the funds in your RESP.
RBC Funds are sold by Royal Mutual Funds Inc., a member of RBC, and are not insured by the Canada Deposit Insurance Corporation, the Régie de l'assurance-dépôts du Québec or any other deposit insurer nor guaranteed by RBC Royal Bank or Royal Trust. Important information about the mutual funds is contained in the simplified prospectus, copies of which may be obtained in any branch of RBC Royal Bank and which should be read carefully before investing. Unit values and investment returns will fluctuate. For the money market funds, yields will fluctuate and there is no assurance that the funds can maintain a fixed net asset value.
® Registered trademarks of Royal Bank of Canada.
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