1. Interest rates used for examples are for illustration purposes only. Interest rates are subject to change at any time without notice.
2. Personal Loan accounts are available to clients who meet RBC Royal Bank standard credit criteria.
3. Your savings would be offset by future taxes on the withdrawal of this $2,500. Also, the income on the $2,500 would eventually be taxable, but the $140 of interest expense is not tax-deductible.