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Effective December 22, 2009, debit balances carried in any account not approved to borrow against investments held in the account will be charged an interest rate according to the below chart.
Cash Investment Account Debit Interest Rates:
| If debit balance is: | $CDN [%] | $US [%] |
| All balances | 21.00 | 21.00 |
Cash Investment Account Debit Interest Rates for Royal Circle Clients:
| If debit balance is: | $CDN [%] | $US [%] |
| $100,000 and over | 19.75 | 19.75 |
| $25,000 to $99,999 | 20.50 | 20.50 |
| $0 to $24,999 | 21.00 | 21.00 |
RSP, TFSA and RIF Accounts Debit Interest Rates:
| If debit balance is: | $CDN [%] |
| All balances | 21.00 |
NOTES
- Interest rates are subject to change without notice at any time.
- Rates shown are calculated on a per annum basis.
- Debit interest is charged on the first business day after the 21st of each month.
- Debit interest is calculated on the average daily balances in the account for the month.
- No debit interest is charged on accounts when the monthly interest amount is less than $5 per month.
- Call 1-800-769-2560 for more information.
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